Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    610 N Fayetteville Street Unit 102 Asheboro, NC 27203

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Premier medical complex near Randolph Hospital with ample parking.

    Type:Office
    Property size:
    1,122 SF
    Added:
    Apr 5, 2023
    Days on Market:
    1107
    Last Refresh:
    Apr 1 at 9:15 pm

    Property Features for 610 N Fayetteville Street Unit 102

    General Information

    Standard status
    Active
    Size
    1,122 SF
    Property subtype
    Office

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Jenna McKenzie
    Jenna McKenzie

    Listing agent Jenna McKenzie License #272937

    Listing office McKenzie Real Estate of NC LLC

    Listing date Apr 5, 2023

    Source Xome

    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 McKenzie Real Estate of NC LLC

    Overview

    Medical/Office Space For Lease

    This 1,122-square-foot space is available for lease in a premier medical complex designed for upscale professionals. The building features a stucco exterior with floor-to-ceiling windows, making it highly visible on Fayetteville Street. Located within one block of Randolph Hospital, the property is suitable for medical or office use. Suite 102 is a first-floor unit that includes three private rooms and one restroom. A large lot provides ample parking. The minimum lease term is one year, and the listed price includes the CAE fee. The space is available immediately.
    Location Intelligence

    Current Use by Public Records

    Aimee C B ... Physician Mabe David O Physician Rejuvination MD Medical Clinic Tonya Cranford Physician Integrated Pain Solutions Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.810464
    Latitude
    35.715071

    Nearby Similar for Sale

    • $349,900

      Industrial Building with Extra Lot

      Versatile building with extra lot in Asheboro city limits.
      1449 Old Liberty Road, Asheboro, NC 27203
      View Details
    • $750,000

      Asheboro Multifamily Investment Opportunity

      Two quadplexes on separate parcels, great investment potential.
      1962 & 1966 Lakeview Road, Asheboro, NC 27203
      View Details
    • $1,500,000

      Retail Space in High Traffic Area

      Retail space available in a high-traffic location.
      1530 E Dixie Drive, Asheboro, NC 27203
      View Details
    • $1,699,000

      Asheboro Investment Property For Sale

      Leased investment property suitable for retail, office, or other uses.
      2013 S Fayetteville Street, Asheboro, NC 27203
      View Details
    • $350,000

      Medical Office Near Randolph Hospital

      Healthcare office space next to Randolph Hospital, Asheboro, NC.
      147 MacArthur Street, Asheboro, NC 27203
      View Details
    • $495,000

      Two-Story Brick Building on Highway

      Two-story brick building with excellent highway exposure in Asheboro.
      3313 US Highway 64 E, Asheboro, NC 27203
      View Details
    • $349,900

      Office Building Near Downtown Asheboro

      Brick office building suitable for various uses near downtown.
      379 S Cox Street, Asheboro, NC 27203
      View Details
    • $499,000
      3,875 SF

      Downtown Asheboro Investment Opportunity

      Two-story, fully leased building in downtown Asheboro with stable tenants.
      111 Sunset Avenue, Asheboro, NC 27203
      View Details
    • $625,000
      2,554 SF

      Turnkey Restaurant Opportunity For Sale

      Ready-to-go restaurant with full kitchen, drive-thru, and dining areas.
      3219 NC Hwy 49, Asheboro, NC
      View Details
    • $850,000

      Asheboro Commercial Property For Sale

      Over one acre with three buildings in central business district.
      314 N Fayetteville Street, Asheboro, NC 27203
      View Details
    • $5,650,000
      131,536 SF

      Industrial Campus in Asheboro, NC

      131,536 SF industrial campus with I-73/74 access.
      840 West Salisbury Street, Asheboro, NC, 27203
      View Details
    • $675,000

      Turnkey Restaurant Opportunity For Sale

      Turnkey restaurant with full kitchen, drive-thru, and indoor/outdoor dining.
      3219 Old Nc Highway 49, Asheboro, NC 27205
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Premier medical complex near Randolph Hospital with ample parking.
    Where is this medical office space located?
    The property is located at 610 N Fayetteville Street Unit 102 Asheboro, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Premier medical complex designed for upscale professionals.; Highly visible Fayetteville Street location, near Randolph Hospital.; First floor unit featuring 3 private rooms and 1 restroom.
    (336) 937-7355
    We can help!
    Listing Contact
    Jenna McKenzie
    Jenna McKenzie
    Real Estate License ID: 272937
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!