Medical Office, Two-Story
1104 Gracie Place, Goldsboro, NC 27534
For Sale
$1,400,000
Commercial Sale, Goldsboro, NC
Property Size5,096 SF
Lot Size0.56 Acres
Price / SF$274.73
Days on Market203
Property Features for 1104 Gracie Place
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Listing Agency:
The Firm NC
Listed By:
Robert Phillips · License NC #310043
(919) 920-2609
Added: Apr 22
Changed: Oct 20
Last Checked: Nov 10 at 5:06PM
MLS# 100568822
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This approximately 5,096-square-foot medical office property includes a detailed first-floor layout with 8+ 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 and contains four offices along with additional open space for completion.
The property includes a 26-space parking lot and is located in Goldsboro, North Carolina. Built in 1997, the building has electric heating, central air, and GB zoning. Its existing medical-office configuration and combination of private rooms, administrative areas, support spaces, and unfinished upper-level area provide a substantial physical framework for continued evaluation by prospective users.
The property includes a 26-space parking lot and is located in Goldsboro, North Carolina. Built in 1997, the building has electric heating, central air, and GB zoning. Its existing medical-office configuration and combination of private rooms, administrative areas, support spaces, and unfinished upper-level area provide a substantial physical framework for continued evaluation by prospective users.
Key Highlights
- Approximately 5,096 square feet of medical office space
- 8+ first‑floor exam rooms with two reception areas and a large lobby
- Four first‑floor offices with separate bathrooms
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
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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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former medical facility with exam rooms, offices, reception areas, and a partially finished upper level.
Where is this medical office space located?
The property is located at 1104 Gracie Place 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: Approximately 5,096 square feet of medical office space; 8+ first‑floor exam rooms with two reception areas and a large lobby; Four first‑floor offices with separate bathrooms
