Turnkey Medical Office
224 N Main St Spring Lake, NC 28390
224 N Main St, Spring Lake, NC, 28390
$268,500
For Sale
$268,500
Turnkey general practice medical office with lab, exam rooms, waiting area, offices, and two bathrooms.
Property Size1,860 SF
Price / SF$144.35
Days on Market437
Property Features for 224 N Main St
General Information
- Standard status
- Active
- Size
- 1,860 SF
Listing agency
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 322-6535
Listed by
MALINDA CRAVEN · License #196331
(910) 322-6535
Source
Exprealty
Added: May 12, 2025 Updated: Jul 22 at 3:57AM Checked: Jul 22 at 3:57AM
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 FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
Turnkey general practice medical office for sale at 224 N Main St. The space includes a lab, multiple exam rooms (4 exam rooms or 3 exam rooms plus 2 offices), a large waiting area with reception counter and workspace, a break area, and two bathrooms. Seller will leave or sell equipment depending on terms.
Parking is available on the street and in the rear. The owner requires 90 days to vacate.
The layout supports both clinical and general office use, including options such as a nurse practitioner, esthetician, dentist, therapy office, or an attorney, based on the configuration provided.
Parking is available on the street and in the rear. The owner requires 90 days to vacate.
The layout supports both clinical and general office use, including options such as a nurse practitioner, esthetician, dentist, therapy office, or an attorney, based on the configuration provided.
Key Highlights
- Turnkey general practice medical office in Spring Lake, NC with existing office setup
- Includes a lab, large waiting area, reception counter, and workspace
- Floorplan features 4 exam rooms (or 3 exam rooms) plus 2 offices
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 | $33.5k | $18.00 |
| − Vacancy | −$1.1k | −$0.58 |
| EGI | $32.4k | $17.42 |
| − OpEx | −$8.1k | −$4.36 |
| NOI | $24.3k | $13.07 |
1,860 SF · lease $18.00/SF/yr · vacancy 3.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$347.2K
$303.8K – $405.1K
NOI $24,306 @ 7.0% cap · market cap 9.05%
Second Best
Healthcare Medical
$219.3K
$191.9K – $255.9K
NOI $15,351 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$444.5K
$388.9K – $518.5K
NOI $31,112 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Naveed Aziz Md
Physician
Naveed Khalid Aziz
Physician
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FAQs
What type of property is this?
Medical Office Space - Turnkey general practice medical office with lab, exam rooms, waiting area, offices, and two bathrooms.
Where is this medical office space located?
The property is located at 224 N Main St Spring Lake, NC.
What is the asking price?
The asking price for this property is $268,500.
What are key features of this property?
This property features: Turnkey general practice medical office in Spring Lake, NC with existing office setup; Includes a lab, large waiting area, reception counter, and workspace; Floorplan features 4 exam rooms (or 3 exam rooms) plus 2 offices
