Specialized Medical Center with X-Ray
For Sale
$2,100,000
169 Rawls Road, Angier, NC 27501
Existing exam-room infrastructure includes sinks and cabinetry, with dedicated imaging improvements and on-site parking.
Property Size6,570 SF
Price / SF$319.63
Days on Market8
Property Features for 169 Rawls Road
General Information
Standard status
Active
Size
6,570 SF
Taxes and HOA fees
Annual Taxes
$11,629
Building Details
Buildings
1
Listing Agency:
Century 21 Triangle Group
(919) 818-3916
Listed By:
Gina Marie Bobber Clapp · License #288841
(919) 818-3916
Source:
Exprealty
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 11:54AM
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 Century 21 Triangle Group
Investment Insights
Based on property information with market context.
Located at 169 Rawls Road in Angier, this 6,570-square-foot medical center includes an established clinical layout with multiple exam rooms, each equipped with sinks and cabinetry. Imaging infrastructure includes 6 lead-lined X-ray rooms and a mobile MRI hook-up panel, providing specialized improvements within the existing facility. Vaulted wood ceilings, exposed wood beams, and abundant natural light add distinctive interior character.
The property is positioned near NC 55 and the NC 55 Bypass, which is currently under construction, with access serving Harnett County and Southwest Wake County. Ample on-site parking supports the building’s medical and healthcare-oriented configuration.
The property is positioned near NC 55 and the NC 55 Bypass, which is currently under construction, with access serving Harnett County and Southwest Wake County. Ample on-site parking supports the building’s medical and healthcare-oriented configuration.
Key Highlights
- 6,570‑square‑foot medical center at 169 Rawls Road
- Multiple exam rooms equipped with sinks and cabinetry
- 6 lead‑lined X‑ray rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,566,480
$1.6M
Cap Rate 7%
$1,118,914
$1.1M
Cap Rate 9%
$870,267
$870.3K
Market Conditions
NOI Build-Up for 6,570 SF
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.
Gross rent
$145.9K $22.20/SF
− Vacancy
−$15.3K −$2.33/SF
EGI
$130.5K $19.87/SF
− OpEx
−$52.2K −$7.95/SF
NOI
$78.3K $11.92/SF
Area
Harnett 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,566,480
Cap Rate 7%
$1,118,914
Cap Rate 9%
$870,267
Alternative Uses
Best Use
Healthcare Medical
$1.12M
$979.1K – $1.31M
NOI $78,324 @ 7.0% cap · market cap 3.73%
Second Best
Office B
$1.02M
$894.9K – $1.19M
NOI $71,592 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,114 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 27501, NC
20,918
Population
9,104
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
82%
High-School Grad
62.8 sq mi
ZIP Area
333
Density / Sq Mi
$71,217
Median Household Income
$40,518
Median Earnings
$1,008
Median Rent
$251,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Existing exam-room infrastructure includes sinks and cabinetry, with dedicated imaging improvements and on-site parking.
Where is this medical center located?
The property is located at 169 Rawls Road Angier, NC.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 6,570‑square‑foot medical center at 169 Rawls Road; Multiple exam rooms equipped with sinks and cabinetry; 6 lead‑lined X‑ray rooms
