Medical Office Building with Exam
For Sale
$1,400,000
1104 Gracie Pl, Goldsboro, NC 27534
Two-level layout includes exam rooms, offices, reception areas, and partially finished space.
Property Size5,096 SF
Price / SF$274.73
Days on Market86
Property Features for 1104 Gracie Pl
General Information
Standard status
Active
Size
5,096 SF
Total Parking Spaces
26
Building Details
Year Built
1997
Buildings
1
Stories
2
Building Size
5,096 SF
Listing Agency:
The Firm NC
Listed By:
Robert Phillips · License #310043
(919) 920-2609
Source:
Bradberrygarnerrealestate
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 7 at 5:37PM
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 The Firm NC
Investment Insights
Based on property information with market context.
Built in 1997, this medical office property contains approx 5096 square feet across two levels. The first floor includes more than eight exam rooms, two reception areas, a large lobby, four offices with separate bathrooms, storage rooms, a nurses' station, public restrooms, and a break room. The second floor is partially finished, with four offices and additional open area for completion.
The property at 1104 Gracie Place in Goldsboro, NC 27534 includes 26 parking spots. Its existing medical-office layout provides a defined combination of clinical rooms, administrative offices, reception areas, support spaces, and unfinished upper-level area.
The property at 1104 Gracie Place in Goldsboro, NC 27534 includes 26 parking spots. Its existing medical-office layout provides a defined combination of clinical rooms, administrative offices, reception areas, support spaces, and unfinished upper-level area.
Key Highlights
- Approx 5096 square feet across two levels
- More than 8 first‑floor exam rooms
- 26 parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,374
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,480
$1.3M
Cap Rate 7%
$948,200
$948.2K
Cap Rate 9%
$737,489
$737.5K
Market Conditions
NOI Build-Up for 5,096 SF
Gross rent
$110.1K $21.60/SF
− Vacancy
−$21.6K −$4.23/SF
EGI
$88.5K $17.37/SF
− OpEx
−$22.1K −$4.34/SF
NOI
$66.4K $13.02/SF
Area
Wayne County, NC
Vacancy
19.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,480
Cap Rate 7%
$948,200
Cap Rate 9%
$737,489
Alternative Uses
Best Use
Healthcare Medical
$2.90M
$2.54M – $3.38M
NOI $203,051 @ 7.0% cap · market cap 14.50%
Second Best
Office B
$948.2K
$829.7K – $1.11M
NOI $66,374 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$4.10M
$3.58M – $4.78M
NOI $286,791 @ 7.0% cap · market cap 20.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27534, NC
30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-level layout includes exam rooms, offices, reception areas, and partially finished space.
Where is this medical office space located?
The property is located at 1104 Gracie Pl Goldsboro, NC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approx 5096 square feet across two levels; More than 8 first‑floor exam rooms; 26 parking spots
