Medical Office Building with ADA
For Sale
$375,000
1786 Pine Valley Dr SW, Supply, NC 28462
ADA-compliant medical office with private rooms, reception, parking, and recent roof and HVAC upgrades.
Property Size1,540 SF
Lot Size0.56 Acres
Price / SF$243.51
Days on Market40
Property Features for 1786 Pine Valley Dr SW
General Information
Standard status
Active
Size
1,540 SF
Total Parking Spaces
14
Lot size
0.56 Acres
Zoning
CLD
Additional Details
Road Access
Yes
Building Details
Year Built
1979
Buildings
1
Building Size
1,540 SF
Listing Agency:
PROACTIVE Real Estate
(910) 279-1979
Listed By:
Rick A Winner · License #188223
Source:
Bradberrygarnerrealestate
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 25 at 4:10AM
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 PROACTIVE Real Estate
Investment Insights
Based on property information with market context.
This 1,540-square-foot medical office building occupies 0.561 acres and offers a practical layout for continued healthcare use. Interior features include multiple private offices or exam rooms, a consultation office, reception area with secure records storage, waiting room with a child play area, kitchenette, and separate staff and client restrooms. The property is fully ADA compliant and includes a private paved parking lot with 14 spaces, including covered and accessible parking.
Capital improvements include a new roof completed in 2023 and a new HVAC system installed in 2024. The site has 72 feet of road frontage and is zoned Commercial Low Density (CLD). The property has operated as a chiropractic office for over 20 years and may also accommodate professional and service-oriented commercial uses identified in the source information.
Capital improvements include a new roof completed in 2023 and a new HVAC system installed in 2024. The site has 72 feet of road frontage and is zoned Commercial Low Density (CLD). The property has operated as a chiropractic office for over 20 years and may also accommodate professional and service-oriented commercial uses identified in the source information.
Key Highlights
- 1,540 SF medical office building on 0.561 acres
- Fully ADA compliant with private offices or exam rooms
- 14‑space paved parking lot with covered and handicap‑accessible spaces
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
$19,558
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
5.22%
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%
$391,160
$391.2K
Cap Rate 7%
$279,400
$279.4K
Cap Rate 9%
$217,311
$217.3K
Market Conditions
NOI Build-Up for 1,540 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
$32.2K $20.88/SF
− Vacancy
−$6.1K −$3.95/SF
EGI
$26.1K $16.93/SF
− OpEx
−$6.5K −$4.23/SF
NOI
$19.6K $12.70/SF
Area
Brunswick County, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
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%
$391,160
Cap Rate 7%
$279,400
Cap Rate 9%
$217,311
Alternative Uses
Best Use
Office B
$279.4K
$244.5K – $326.0K
NOI $19,558 @ 7.0% cap · market cap 5.22%
Second Best
Healthcare Medical
$186.1K
$162.9K – $217.2K
NOI $13,029 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$18.86M
$16.50M – $22.00M
NOI $1,319,948 @ 7.0% cap · market cap 351.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28462, NC
12,674
Population
11,620
Households
1.1
Avg Household Size
54
Median Age
25%
College-Educated
89%
High-School Grad
72.4 sq mi
ZIP Area
175
Density / Sq Mi
$58,545
Median Household Income
$36,037
Median Earnings
$859
Median Rent
$229,800
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 Office Space - ADA-compliant medical office with private rooms, reception, parking, and recent roof and HVAC upgrades.
Where is this medical office space located?
The property is located at 1786 Pine Valley Dr SW Supply, NC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,540 SF medical office building on 0.561 acres; Fully ADA compliant with private offices or exam rooms; 14‑space paved parking lot with covered and handicap‑accessible spaces
