Healthcare Facility Redevelopment
For Sale
Contact for pricing
1 Medical Center Dr, Supply, NC
Proposed behavioral health treatment center redevelopment opportunity in Supply, NC.
Property Size72,242 SF
Lot Size31.16 Acres
Price / SF$138.42
Days on Market270
Property Features for 1 Medical Center Dr
General Information
Standard status
Active
Size
72,242 SF
Lot size
31.16 Acres
Property subtype
LAND
Listing Agency:
Sun Coast Partners Commercial
(919) 810-5546
Listed By:
Edwin Trice
(919) 810-5546
Source:
Moodyscre
Added: Nov 12, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sun Coast Partners Commercial
Investment Insights
Based on property information with market context.
The subject property is a proposed healthcare facility located at 1 Medical Center Dr SW, Supply, NC. The project involves the redevelopment of a former medical complex, Brunswick Community Hospital, into a Class B behavioral health treatment center with a planned capacity of 180 beds. The property is positioned between Wilmington, NC, and Myrtle Beach, SC. The existing structure, with a size of 72,242 square feet, has been fully stripped down to the studs in preparation for a major renovation.
Key Highlights
- Proposed Class B behavioral health treatment center with a planned capacity of 180 beds.
- Located between Wilmington, NC and Myrtle Beach, SC.
- Redevelopment of a former medical complex (Brunswick Community Hospital).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$611,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,224,080
$12.2M
Cap Rate 7%
$8,731,486
$8.7M
Cap Rate 9%
$6,791,156
$6.8M
Market Conditions
NOI Build-Up for 72,242 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.14M $15.72/SF
− Vacancy
−$117.0K −$1.62/SF
EGI
$1.02M $14.10/SF
− OpEx
−$407.5K −$5.64/SF
NOI
$611.2K $8.46/SF
Area
Brunswick County, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,224,080
Cap Rate 7%
$8,731,486
Cap Rate 9%
$6,791,156
Alternative Uses
Best Use
Healthcare Medical
$8.73M
$7.64M – $10.19M
NOI $611,204 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$884.56M
$773.99M – $1,031.99M
NOI $61,919,266 @ 7.0% cap · market cap 619.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
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Frequently Asked Questions
What type of property is this?
Medical center - Proposed behavioral health treatment center redevelopment opportunity in Supply, NC.
Where is this medical center located?
The property is located at 1 Medical Center Dr Supply, NC.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Proposed Class B behavioral health treatment center with a planned capacity of 180 beds.; Located between Wilmington, NC and Myrtle Beach, SC.; Redevelopment of a former medical complex (Brunswick Community Hospital).
