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    Medical Condo at Chadwick Commons Title is generated by Realmo AI

    110 A Chadwick Square Court, Hendersonville, NC 28739

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    Claim this Listing
    For Sale
    $1,250,000

    Ground floor medical condo for sale, leased until 2025.

    Property size:
    4,455 SF
    Price / SF:
    $280/SF
    Added:
    Jan 5, 2023
    Days on Market:
    1245
    Last Refresh:
    May 13 at 8:26 pm

    Property Features for 110 A Chadwick Square Court

    General Information

    Standard status
    Active
    Size
    4,455 SF
    Property subtype
    Other

    Building Details

    Year Built
    2004

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    Listing Contact
    Eric Goodman

    Listing agent Eric Goodman

    Listing office So. Homes & Land/So. Commercial

    Listing date Jan 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 So. Homes & Land/So. Commercial

    HighLights

    • Leased until December 31, 2025, generating $98,166 annually.
    • Entire ground floor medical condo with a reception area, multiple offices, kitchen, treatment rooms, and lab.
    • Property owner covers taxes, insurance, and POA fees.
    • Tenant maintains the property.
    • Four assigned staff parking spaces.
    • Built in 2004 with central air and 3 heating units.

    Overview

    This is a ground floor medical condo located at Chadwick Commons. The property features a reception area, multiple offices, a kitchen, treatment rooms, and a lab. The property is under lease until December 31, 2025, at an annual rate of $98,166. The property owner covers taxes, insurance, and POA fees. The tenant is responsible for maintaining the property. The monthly POA fee is $1,395.38. There are 4 assigned staff parking spaces. The tenant has the right of first refusal regarding offers to purchase. Showings are by appointment only, with a minimum of 24 hours' notice required. A portion of the lower condo common area property is in the flood zone; however, the building itself is not in the flood zone. The property size is 4,455 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $106.9k $24.00
    − Vacancy −$3.0k −$0.67
    EGI $103.9k $23.33
    − OpEx −$26.0k −$5.83
    NOI $77.9k $17.50
    4,455 SF · lease $24.00/SF/yr · vacancy 2.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.11M
    $974.3K – $1.30M (±1% cap)
    NOI $77,945 @ 7.0% cap · market cap 6.24%
    Second Best
    Healthcare Medical
    $890.8K
    $779.5K – $1.04M (±1% cap)
    NOI $62,356 @ 7.0% cap · market cap 4.99%
    Theoretical Best
    Office A
    $1.48M
    $1.30M – $1.73M (±1% cap)
    NOI $103,926 @ 7.0% cap · market cap 8.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Animal Care Clinic 1006 Old Spartanburg Rd, Hendersonville, NC 28792
    • Kanuga Animal Clinic 704 Kanuga Rd, Hendersonville, NC 28739
    • Hendersonville Veterinary Hospital 1001 Greenville Hwy, Hendersonville, NC 28792
    • Carrie Carman, DVM 1006 Old Spartanburg Rd, Hendersonville, NC 28792
    • Hendersonville Veterinary Hospital: Blair Todd DVM 1001 Greenville Hwy, Hendersonville, NC 28792

    Map

    City
    Hendersonville
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.5413
    Latitude
    35.2687

    FAQs

    What type of property is this?
    Medical Office Space - Ground floor medical condo for sale, leased until 2025.
    Where is this medical office space located?
    The property is located at 110 A Chadwick Square Court Hendersonville, NC.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Leased until December 31, 2025, generating $98,166 annually.; Entire ground floor medical condo with a reception area, multiple offices, kitchen, treatment rooms, and lab.; Property owner covers taxes, insurance, and POA fees.
    More about this property
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