Fully Leased Medical Office
For Sale
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905 Johns Hopkins Dr, Greenville, NC 27834
20,458 SF medical office on 4.35-acre site, leased to ECU Physicians with lease expiring Feb. 29, 2028.
Property Size20,458 SF
Lot Size4.35 Acres
Days on Market147
Property Features for 905 Johns Hopkins Dr
General Information
Standard status
Active
Size
20,458 SF
Lot size
4.35 Acres
Property subtype
OFFICE
Occupancy
100%
Additional Details
Cap Rate
8.21%
Building Details
Tenancy
Single
Listing Agency:
The Overton Group
(252) 714-8706
Listed By:
Byron Aynes · License #278747
(252) 414-1710
Source:
Mwmrealestate
Added: May 8
Changed: Sep 9
Last Checked: Sep 30 at 9:08AM
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 The Overton Group
Investment Insights
Based on property information with market context.
905 Johns Hopkins Drive is a 20,458 SF medical office building on a 4.35-acre site. The property is fully leased to ECU Physicians, with rent backed by the State of North Carolina (AA credit) and annual 2% escalations through February 2028. Ownership has been formally notified of ECU’s intent not to renew the lease upon expiration on February 29, 2028.
The building is adjacent to ECU Health Medical Center and the Brody School of Medicine in Greenville, NC. Based on the current 2026 budget, the property is projected to generate $465,243.78 in gross rental income against estimated operating expenses of $107,973.12, resulting in an estimated net operating income (NOI) of $357,270.66. This is approximately $17.46 per square foot in NOI and reflects an estimated 8.21% capitalization rate.
The building is adjacent to ECU Health Medical Center and the Brody School of Medicine in Greenville, NC. Based on the current 2026 budget, the property is projected to generate $465,243.78 in gross rental income against estimated operating expenses of $107,973.12, resulting in an estimated net operating income (NOI) of $357,270.66. This is approximately $17.46 per square foot in NOI and reflects an estimated 8.21% capitalization rate.
Key Highlights
- 20,458 SF medical office building built in 1989 on a 4.35‑acre site in Greenville, NC
- Fully leased to ECU Physicians with rent backed by the State of North Carolina (AA‑credit)
- Lease expires Feb. 29, 2028; ECU has notified ownership of its intent not to renew
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,925
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27834, NC
55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 20,458 SF medical office on 4.35-acre site, leased to ECU Physicians with lease expiring Feb. 29, 2028.
Where is this medical office space located?
The property is located at 905 Johns Hopkins Dr Greenville, NC.
What are key features of this property?
This property features: 20,458 SF medical office building built in 1989 on a 4.35‑acre site in Greenville, NC; Fully leased to ECU Physicians with rent backed by the State of North Carolina (AA‑credit); Lease expires Feb. 29, 2028; ECU has notified ownership of its intent not to renew
