Signalized Corner Medical
For Sale
Contact for pricing
101 West Woodcroft Parkway, Durham, NC 27713
Medical office property positioned at a signalized corner intersection, offered for sale with a corporate guaranty.
Property Size10,908 SF
Price / SF$344.98
Days on Market56
Property Features for 101 West Woodcroft Parkway
General Information
Standard status
Active
Size
10,908 SF
Total Parking Spaces
44
Property subtype
Special Purpose
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$225,796
Building Details
Year Built
1997
Tenancy
Single
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Al Dickens · License #NC 317771
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 11:27AM
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 Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
This medical office property is offered for sale and marketed as part of the healthcare/office mix under the Medical centers and Office buildings categories. The asset is described as being set on a signalized corner intersection, a practical site feature for customer and patient visibility and wayfinding.
The property is located at 101 West Woodcroft Parkway in Durham, North Carolina. The public remarks also reference an attractive population density in the surrounding area, supporting its intended use for professional and healthcare demand.
For buyers seeking an office-focused healthcare asset, this offering may align well with operator or investor requirements where a corporate guaranty is part of the structure. The signalized corner location can be particularly helpful for medical or professional uses that depend on easy access and clear approach from the roadway.
The property is located at 101 West Woodcroft Parkway in Durham, North Carolina. The public remarks also reference an attractive population density in the surrounding area, supporting its intended use for professional and healthcare demand.
For buyers seeking an office-focused healthcare asset, this offering may align well with operator or investor requirements where a corporate guaranty is part of the structure. The signalized corner location can be particularly helpful for medical or professional uses that depend on easy access and clear approach from the roadway.
Key Highlights
- Medical office property built in 1997
- Positioned at a signalized corner intersection
- Offered for sale with a corporate guaranty
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
$162,573
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
4.32%
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%
$3,251,460
$3.3M
Cap Rate 7%
$2,322,471
$2.3M
Cap Rate 9%
$1,806,367
$1.8M
Market Conditions
NOI Build-Up for 10,908 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
$294.5K $27.00/SF
− Vacancy
−$23.6K −$2.16/SF
EGI
$271.0K $24.84/SF
− OpEx
−$108.4K −$9.94/SF
NOI
$162.6K $14.90/SF
Area
Durham, NC
Vacancy
8.00%
Lease Rate
$27.00 /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%
$3,251,460
Cap Rate 7%
$2,322,471
Cap Rate 9%
$1,806,367
Alternative Uses
Best Use
Healthcare Medical
$2.32M
$2.03M – $2.71M
NOI $162,573 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,562 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 27713, NC
54,988
Population
26,266
Households
2.1
Avg Household Size
36
Median Age
65%
College-Educated
96%
High-School Grad
35.4 sq mi
ZIP Area
1,553
Density / Sq Mi
$96,900
Median Household Income
$56,918
Median Earnings
$1,460
Median Rent
$380,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Medical office property positioned at a signalized corner intersection, offered for sale with a corporate guaranty.
Where is this medical center located?
The property is located at 101 West Woodcroft Parkway Durham, NC.
What is the asking price?
The asking price for this property is $3,763,000.
What are key features of this property?
This property features: Medical office property built in 1997; Positioned at a signalized corner intersection; Offered for sale with a corporate guaranty
