Medical Office Building in
157 Medical Park Drive Brevard, NC 28712
For Sale
$1,075,000
5,625 SF medical office building for sale.
Property Size5,625 SF
Price / SF$191.11
Days on Market230
Property Features for 157 Medical Park Drive
General Information
Standard status
Active
Size
5,625 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
NAI ALLEN TATE BEVERLY-HANKS COMMERCIAL
(828) 210-3940
Listed By:
CHRIS MANSFIELD · License ##340236
Source:
Corcoran
Added: Dec 11, 2025
Changed: Jul 6
Last Checked: Jul 28 at 7:25AM
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 NAI ALLEN TATE BEVERLY-HANKS COMMERCIAL
Investment Insights
Based on property information with market context.
The property at 157 Medical Park Dr is a 5,625 SF medical office building located in Brevard’s established Medical Park district. It is situated less than one mile from Transylvania Regional Hospital. The building is offered as a leasehold interest and will be delivered vacant. The property features an efficient clinical layout suitable for medical, dental, therapy, or other healthcare uses. The building could accommodate a single user or be divided into a two-user building, with separate meters already in place.
Key Highlights
- 5,625 SF medical office building, ideal for healthcare uses.
- Located in Brevard’s established Medical Park district, near Transylvania Regional Hospital.
- Efficient clinical layout suitable for medical, dental, or therapy practices.
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 | $135.0k | $24.00 |
| − Vacancy | −$19.0k | −$3.38 |
| EGI | $116.0k | $20.62 |
| − OpEx | −$29.0k | −$5.15 |
| NOI | $87.0k | $15.46 |
5,625 SF · lease $24.00/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $86,974 @ 7.0% cap · market cap 8.09%
Second Best
Healthcare Medical
$1.02M
$888.5K – $1.18M
NOI $71,078 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,965 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,625 SF medical office building for sale.
Where is this medical office space located?
The property is located at 157 Medical Park Drive Brevard, NC.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 5,625 SF medical office building, ideal for healthcare uses.; Located in Brevard’s established Medical Park district, near Transylvania Regional Hospital.; Efficient clinical layout suitable for medical, dental, or therapy practices.
