Well-Maintained Commercial Property For
For Sale
$249,900
114 S Park Ter, Eden, NC 27288
Versatile commercial property, ideal for investment or business venture.
Property Size1,760 SF
Price / SF$141.99
Days on Market400
Property Features for 114 S Park Ter
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
Realty One Group Results Reidsville
Listed By:
Eden Combs
(336) 637-5058
Source:
Searchhomesinthetriad
Added: Sep 1, 2025
Changed: Oct 1
Last Checked: Oct 4 at 10:30AM
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 Realty One Group Results Reidsville
Investment Insights
Based on property information with market context.
This well-maintained commercial property, previously a family-owned dental practice and currently a medical office facility, offers possibilities for various uses. Situated in a quiet setting, the building provides a peaceful environment suitable for patients, clients, or employees. Ample parking is available for convenience. The property is currently tenant-occupied on a month-to-month lease, offering flexibility for investment or business use. With easy access to main roads, this property is suitable for a medical office, professional services, or other ventures.
Key Highlights
- Well‑maintained commercial property ideal for medical or professional services.
- Ample parking available for visitors and staff.
- Tenant‑occupied on a month‑to‑month lease, providing flexibility.
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
$20,755
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
8.31%
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%
$415,100
$415.1K
Cap Rate 7%
$296,500
$296.5K
Cap Rate 9%
$230,611
$230.6K
Market Conditions
NOI Build-Up for 1,760 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
$38.6K $21.96/SF
− Vacancy
−$4.1K −$2.31/SF
EGI
$34.6K $19.65/SF
− OpEx
−$13.8K −$7.86/SF
NOI
$20.8K $11.79/SF
Area
Rockingham County, NC
Vacancy
10.50%
Lease Rate
$21.96 /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%
$415,100
Cap Rate 7%
$296,500
Cap Rate 9%
$230,611
Alternative Uses
Best Use
Office B
$488.2K
$427.2K – $569.6K
NOI $34,175 @ 7.0% cap · market cap 13.68%
Second Best
Healthcare Medical
$296.5K
$259.4K – $345.9K
NOI $20,755 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$580.3K
$507.7K – $677.0K
NOI $40,619 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27288, NC
23,375
Population
11,127
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
85%
High-School Grad
71.4 sq mi
ZIP Area
327
Density / Sq Mi
$53,081
Median Household Income
$36,743
Median Earnings
$828
Median Rent
$129,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eden Veterinary Hospital — 1015 S Van Buren Rd, Eden, NC 27288
- Central Animal Hospital — 807 S Van Buren Rd, Eden, NC 27288
Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile commercial property, ideal for investment or business venture.
Where is this medical office space located?
The property is located at 114 S Park Ter Eden, NC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Well‑maintained commercial property ideal for medical or professional services.; Ample parking available for visitors and staff.; Tenant‑occupied on a month‑to‑month lease, providing flexibility.
