Medical Office in Brevard,
377 Gallimore Road Brevard, NC 28712
377 Gallimore Road, Brevard, NC, 28712
$3,300,000
For Sale
$3,300,000
15,333 SF medical office in a residential area.
Property Size15,333 SF
Price / SF$215.22
Days on Market138
Property Features for 377 Gallimore Road
General Information
- Standard status
- Active
- Size
- 15,333 SF
- Property subtype
- Office
Listing agency
(828) 337-9656
Listed by
Austin Tyler, SIOR · License #NC #257685
(828) 337-9656
Source
Deweypa
Added: Mar 6 Updated: Jul 6 at 10:51AM Checked: Jul 21 at 5:22AM
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 Austin Tyler, SIOR
Investment Insights
Based on property information with market context.
This 15,333 square foot medical office building is available for sale in Brevard, North Carolina. The building features an expansive waiting room, 24 exam rooms, a lab, and a nurse's station. It also includes several private offices, storage rooms, restrooms, and a break room. The property is centrally located in a residentially dense area of Brevard, making it suitable for a high-traffic medical practice, such as a pediatrician or family medical practice. The building is well-maintained and features abundant handicap-accessible patient parking in the front, along with a covered portico. A staff parking area is located at the rear of the building.
Key Highlights
- 15,333 SF Medical Office Space with excellent potential.
- Features 24 Exam Rooms, a Nurse's Station and Lab.
- Centrally Located in a Residentially Dense Area.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $368.0k | $24.00 |
| − Vacancy | −$51.9k | −$3.38 |
| EGI | $316.1k | $20.62 |
| − OpEx | −$79.0k | −$5.15 |
| NOI | $237.1k | $15.46 |
15,333 SF · lease $24.00/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.39M
$2.96M – $3.95M
NOI $237,079 @ 7.0% cap · market cap 7.18%
Second Best
Healthcare Medical
$2.77M
$2.42M – $3.23M
NOI $193,748 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,105 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Associates: La ...
Physician
Dr. Marshall S. ...
Pediatrician
Alexandra Chatterton
Physician
Benton III George ...
Physician
Dr. Morris L. ...
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Brevard Animal Hospital — 589 N Country Club Rd, Brevard, NC 28712
FAQs
What type of property is this?
Medical Office Space - 15,333 SF medical office in a residential area.
Where is this medical office space located?
The property is located at 377 Gallimore Road Brevard, NC.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 15,333 SF Medical Office Space with excellent potential.; Features **24 Exam Rooms**, a Nurse's Station and Lab.; Centrally Located in a Residentially Dense Area.
