38,428 SF Medical Office Adjacent to WakeMed on 4.92 Acres
555 Medical Park Place commands one of the most practical locations for healthcare delivery in Clayton: a two-story, steel-frame medical office building directly adjacent to WakeMed Clayton Medical Park. With 38,428 rentable square feet sitting on a level 4.92‑acre parcel, this property was designed around ease of access—patients pull into an expansive surface lot, navigate to bright, clearly signed suites, and find multiple specialty providers under one roof.
Inside the building you’ll find a purposeful medical-office layout: multiple tenant suites occupied today by a mix of clinical services, including WakeMed Clayton Medical Park (Suite 101), Laboratory Corporation of America (LabCorp, Suite 201), Mann Ear Nose & Throat Clinic (Suite 203) and Carolina Foot Specialists (Suite 205). The building’s central HVAC system, durable steel frame construction and flat roof combine with a two-story plan to deliver efficient operations and straightforward maintenance for owner-operators or investors.
Externally the property reads as a healthcare campus: level topography, direct frontage on Medical Park Place, and surface parking sized to support high patient turnover and staff needs. Zoned Office‑Institutional (O‑I) in the Town of Clayton, the site is permitted for medical and professional offices—an important regulatory advantage for clinics, imaging services, outpatient labs and ambulatory practices seeking proximity to an acute-care partner.
Location is a focal point of the offering. US Highway 70 Business sits a stone’s throw away (approximately 0.1 miles), retail anchors like Walmart are 0.2 miles from the door, and Johnston Health Clayton is within close driving distance. The surrounding trade area is growing quickly: population in the immediate 1‑mile radius is just under 3,000 residents with a projected 21.7% growth through 2029 and a median household income near $61,349—dynamics that support expanding outpatient care demand.
This property represents a turnkey option for health systems, specialty groups, or private investors seeking an institutional medical location with strong adjacency to a major hospital and built-in referral synergies. Given limited public sales comparables for local medical office product, prospective buyers are encouraged to validate historical performance, tenant lease terms and capitalize on the site’s expansion and collaboration potential.
A medical office on 4.92 acres.
Building
Site & utilities
Clayton, NC
Researched nearby locations
Location
555 Medical Park Pl, Clayton, NC 27520
Clayton blends fast-growing suburban convenience with healthcare and retail infrastructure. The Medical Park corridor is anchored by WakeMed Clayton Medical Park and supported by nearby retail—including a Walmart Supercenter—and regional health services at Johnston Health Clayton. Easy access to US‑70 Business links the area to Raleigh‑Durham employment centers while the town’s ongoing population growth brings rising demand for outpatient care, specialty services and neighborhood amenities. The community offers a practical environment for medical practices that want visibility, patient access and proximity to hospital services.
Moderate access to outdoor recreation—regional parks, greenways and community recreation facilities are reachable within a short drive; nearby retail and neighborhood streets support daily walking for errands.
A factual market snapshot around 555 Medical Park Pl.
The medical office market around Clayton is currently shaped by strong demographic growth and a limited supply of modern, hospital-adjacent assets—factors that favor owners and investors focused on healthcare real estate. Within a 1‑mile radius, population growth is projected at +21.7% from 2024–2029 and median household income sits around $61,349, supporting increased outpatient utilization. Active healthcare tenancy at 555 Medical Park Pl (including WakeMed-adjacent clinical uses and LabCorp) signals healthy demand for proximity to acute care.
However, market transparency for medical office sales and leases in this submarket is low: comparable sale and lease data are limited, and inventory metrics like months of supply and average days on market are not widely published. That creates opportunity—and risk. For sellers, the adjacency to WakeMed and the building’s functional layout can command premium pricing relative to generic office product. For buyers, due diligence should emphasize verified rent rolls, tenant lease terms, deferred maintenance, and potential for lease-up or expansion given the site’s O‑I zoning.
Overall, this is a favorable window for investors or health systems seeking a presence in a high-growth corridor of the Raleigh‑Durham MSA, but careful underwriting and local-market benchmarking are essential given the paucity of transparent comparables.
Office-Institutional
Zoning
Research-indicated uses
- Medical Office
- Professional Office
- Institutional
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
What the research supports — and what is still worth verifying.
Key findings
- Property is a 38,428 SF medical office building on a 4.92-acre lot
- Zoned Office-Institutional (O-I), permitting medical and professional office uses
- Adjacent to WakeMed Clayton Medical Park, providing strategic location for healthcare providers
- Area projected to experience 21.7% population growth from 2024 to 2029 within a 1-mile radius
- Median household income in the 1-mile radius is approximately $61,349
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm year built and construction details
- Obtain recent sale history and assessed values
- Verify current tenant occupancy and lease terms
What stands out about this property.
Interior Features
- Multiple healthcare suites with clinical buildouts
- Central heating and cooling
- Two-story floor plan
- Steel frame construction for durability
- Flat roof
- Condition: Good
Exterior & Lot
- 4.92-acre level parcel
- Ample surface parking
- Direct frontage on Medical Park Pl
- Easy patient and staff ingress/egress
- Municipal water and sewer service
- Electric: Duke Energy; Gas: Piedmont Natural Gas
Location & Neighborhood
- Adjacent to WakeMed Clayton Medical Park
- 0.2 miles to Walmart Supercenter
- 1.5 miles to Johnston Health Clayton
- 0.1 miles to US Highway 70 Business
- Part of the Raleigh‑Durham‑Chapel Hill MSA
Walkability & Recreation
- Walkability Rating: 60/100 — Some walkable amenities nearby
- Nearby retail and service nodes within short walking distance
- Regional parks and greenways accessible by short drive
- Golf courses and recreational facilities available within the greater Clayton area
- Running/walking paths and community recreation amenities within a short drive
Sources & research confidence.
See where the property research came from and how confidence varies by field.