Fully Leased Medical Office
For Sale
Contact for pricing
11618 CLAYTON BLVD, Clayton, NC
The property carries B-3 (Highway Business) zoning and is fully leased.
Property Size31,330 SF
Price / SF$207.47
Days on Market140
Property Features for 11618 CLAYTON BLVD
General Information
Standard status
Active
Size
31,330 SF
Class
B
Total Parking Spaces
310
Property subtype
Office
Zoning
B-3 (Highway Business)
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$455,146
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Year Renovated
2019
Buildings
1
Stories
2
Units
310
Tenancy
Multi
Listing Agency:
Rich Commercial Realty
(919) 821-7880
Listed By:
Sam DiFranco Jr · License #NC 270959
Source:
Crexi
Added: Apr 14
Changed: Aug 30
Last Checked: Aug 30 at 2:44PM
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 Rich Commercial Realty
Investment Insights
Based on property information with market context.
Located at 11618 Clayton Blvd in Clayton, North Carolina, this medical office property contains 31,330 square feet and was completed in 2003. The building is occupied at 100% by medical and related tenants, creating an established healthcare-oriented occupancy profile.
The property fronts US Business Highway 70, providing direct exposure along a major commercial corridor and access to the broader Raleigh-Durham MSA. Its B-3 (Highway Business) zoning supports the site's designated commercial setting. The tenant mix is centered on medical and related services, with existing occupancy in place throughout the building.
The property fronts US Business Highway 70, providing direct exposure along a major commercial corridor and access to the broader Raleigh-Durham MSA. Its B-3 (Highway Business) zoning supports the site's designated commercial setting. The tenant mix is centered on medical and related services, with existing occupancy in place throughout the building.
Key Highlights
- 31,330‑square‑foot medical office property
- 100% leased to medical and related tenants
- Built in 2003
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
$480,928
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
7.40%
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%
$9,618,560
$9.6M
Cap Rate 7%
$6,870,400
$6.9M
Cap Rate 9%
$5,343,644
$5.3M
Market Conditions
NOI Build-Up for 31,330 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
$770.7K $24.60/SF
− Vacancy
−$129.5K −$4.13/SF
EGI
$641.2K $20.47/SF
− OpEx
−$160.3K −$5.12/SF
NOI
$480.9K $15.35/SF
Area
Johnston County, NC
Vacancy
16.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
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%
$9,618,560
Cap Rate 7%
$6,870,400
Cap Rate 9%
$5,343,644
Alternative Uses
Best Use
Office B
$6.87M
$6.01M – $8.02M
NOI $480,928 @ 7.0% cap · market cap 7.40%
Second Best
Healthcare Medical
$6.26M
$5.48M – $7.30M
NOI $438,181 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$9.48M
$8.29M – $11.06M
NOI $663,464 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
- Clayton Animal Hospital — 11058 US-70 BUS, Clayton, NC 27520
- Dr. Curtis Smith — 11058 US-70 BUS, Clayton, NC 27520
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property carries B-3 (Highway Business) zoning and is fully leased.
Where is this medical office space located?
The property is located at 11618 CLAYTON BLVD Clayton, NC.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 31,330‑square‑foot medical office property; 100% leased to medical and related tenants; Built in 2003
