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    703 Hermitage Rd Burlington, NC 27215

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    For Sale
    $475,000

    Medical office building featuring three suites and ample parking.

    Property size:
    3,454 SF
    Lot size:
    0.44 Acres

    Property Features for 703 Hermitage Rd

    General Information

    Size
    3,454 SF
    Lot size
    0.44 Acres

    Source: NAI Piedmont Triad Agent Bob Lewis, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Building For Sale

    This medical office building, constructed in 1967, features three suites, each approximately 1,100 square feet. Historically, the building has been used for dental practices. Currently, one tenant remains in practice on a limited basis, paying $1,440 monthly, which covers gross rent plus utilities. The property includes 18 parking spaces. Encompassing a total of 3,454 square feet, the property presents a redevelopment or update opportunity and is priced below replacement value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Spay & Neuter Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4618778
    Latitude
    36.0928173

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    FAQs

    What type of property is this?
    Medical office - Medical office building featuring three suites and ample parking.
    Where is this medical office located?
    The property is located at 703 Hermitage Rd Burlington, NC.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Priced Well Below Replacement Value; - Redevelopment / Update Opportunity; - Medical Office Building with 3 Suites (Approx 1,100 SF Each)
    (336) 214-1799
    Request Owner's contact information
    703 Hermitage Rd Burlington, NC 27215
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    Burlington, NC 27215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    703 Hermitage Rd Burlington, NC 27215
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