Medical Office
New
For Sale
$1,350,000
141 Laurel Hill Dr, Rutherfordton, NC 28139
Three buildings provide occupied space for medical, professional, financial, and personal-care services.
Property Size7,733 SF
Lot Size0.88 Acres
Price / SF$174.58
Days on Market3
Property Features for 141 Laurel Hill Dr
General Information
Standard status
Active
Size
7,733 SF
Lot size
0.88 Acres
Property subtype
Medical
Zoning
C-74
Occupancy
100%
Additional Details
Asking Price
$1,350,000
Office Units
6
Building Details
Building Size
7,733 SF
Year Built
1995
Buildings
3
Tenancy
Multi
Listing Agency:
Lee & Associates - Charlotte
Listed By:
Benjamin Bivens · License #NC #282681
(980) 254-1579
Source:
Lee-associates
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:28AM
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 Lee & Associates - Charlotte
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Investment Insights
Based on property information with market context.
This medical office portfolio comprises three buildings with 7,733 square feet across six occupied suites. Two buildings are two stories and measure 2,886 square feet each; the third is a single-story, 1,961-square-foot building. The property was built in 1995 and sits on 0.88 acres zoned C-74 commercial. The buildings may be acquired together or individually.
Property work includes complete roof replacement with a 25-year warranty, Trane HVAC equipment, rebuilt rear stairwells, exterior improvements, updated electrical wiring, and renewed carpet and paint. Occupants include medical, professional, financial services, and chiropractic/personal-care businesses.
Property work includes complete roof replacement with a 25-year warranty, Trane HVAC equipment, rebuilt rear stairwells, exterior improvements, updated electrical wiring, and renewed carpet and paint. Occupants include medical, professional, financial services, and chiropractic/personal-care businesses.
Key Highlights
- Three buildings totaling 7,733 square feet on 0.88 acres
- Six occupied suites serving medical, professional, financial services, and chiropractic/personal‑care uses
- Two 2,886‑square‑foot, two‑story buildings and one 1,961‑square‑foot, single‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,188
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,843,760
$1.8M
Cap Rate 7%
$1,316,971
$1.3M
Cap Rate 9%
$1,024,311
$1.0M
Market Conditions
NOI Build-Up for 7,733 SF
Gross rent
$171.7K $22.20/SF
− Vacancy
−$18.0K −$2.33/SF
EGI
$153.6K $19.87/SF
− OpEx
−$61.5K −$7.95/SF
NOI
$92.2K $11.92/SF
Area
Rutherford County, NC
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,843,760
Cap Rate 7%
$1,316,971
Cap Rate 9%
$1,024,311
Alternative Uses
Best Use
Healthcare Medical
$1.32M
$1.15M – $1.54M
NOI $92,188 @ 7.0% cap · market cap 6.83%
Second Best
Office B
$1.15M
$1.01M – $1.35M
NOI $80,802 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,373 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28139, NC
18,665
Population
8,953
Households
2.1
Avg Household Size
48
Median Age
23%
College-Educated
87%
High-School Grad
181.9 sq mi
ZIP Area
103
Density / Sq Mi
$52,148
Median Household Income
$36,340
Median Earnings
$842
Median Rent
$195,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Three buildings provide occupied space for medical, professional, financial, and personal-care services.
Where is this medical office space located?
The property is located at 141 Laurel Hill Dr Rutherfordton, NC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three buildings totaling 7,733 square feet on 0.88 acres; Six occupied suites serving medical, professional, financial services, and chiropractic/personal‑care uses; Two 2,886‑square‑foot, two‑story buildings and one 1,961‑square‑foot, single‑story building
