Building Details

Year Built 1950

Buildings 1

Building Size 2,100 SF

Listing Agency: Atlantic Blue Coast Realty LLC

Listed By: Eric D Hill · License #250127 Show Phone

Source: Bradberrygarnerrealestate

Added: Aug 26 Changed: Oct 1 Last Checked: Oct 7 at 2:41PM

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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 Atlantic Blue Coast Realty LLC

Investment Insights

Based on property information with market context.

This approximately 2,100-square-foot office building, constructed in 1950, offers a practical multi-room layout for professional occupancy. The interior includes three offices or exam rooms with plumbing, a lobby, reception area, two additional smaller rooms, and a sizable rear room with plumbing. The upper level provides built-in shelving and two coves. An entry ramp supports accessibility, while the paved driveway and rear parking area provide on-site vehicle access.

The property is located at 200 Jefferson St in uptown Whiteville, at a high-traffic intersection positioned between the courthouse and hospital. Its setting and existing layout may accommodate medical, legal, insurance, accounting, or other professional uses, subject to confirmation of permitted use with the city.

Key Highlights

• Approximately 2,100 square feet of office space
• Three offices or exam rooms with plumbing
• Large rear room includes plumbing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,331

Cap Rate

8.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$526,620 $526.6K

Cap Rate 7%

$376,157 $376.2K

Cap Rate 9%

$292,567 $292.6K

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$45.4K $21.60/SF

− Vacancy

−$10.3K −$4.88/SF

EGI

$35.1K $16.72/SF

− OpEx

−$8.8K −$4.18/SF

NOI

$26.3K $12.54/SF

Area

Columbus County, NC

Vacancy

22.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$526,620

Cap Rate 7%

$376,157

Cap Rate 9%

$292,567

Alternative Uses

Best Use

Office B

$376.2K

$329.1K – $438.9K (±1% cap)

NOI $26,331 @ 7.0% cap · market cap 8.23%

Second Best

Healthcare Medical

$353.8K

$309.6K – $412.7K (±1% cap)

NOI $24,764 @ 7.0% cap · market cap 7.74%

Theoretical Best

Office A

$509.4K

$445.7K – $594.3K (±1% cap)

NOI $35,659 @ 7.0% cap · market cap 11.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Willis Michael W Law Firm

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Furniture & Home Goods Building Supply Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

557

Businesses Nearby

Explore this area Business Placement

Demographics for 28472, NC

17,308

Population

8,073

Households

2.1

Avg Household Size

44

Median Age

18%

College-Educated

91%

High-School Grad

197.9 sq mi

ZIP Area

87

Density / Sq Mi

$48,963

Median Household Income

$36,535

Median Earnings

$788

Median Rent

$141,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Accessible professional space with plumbing in multiple rooms and paved rear parking.

Where is this office building located?

The property is located at 200 Jefferson St Whiteville, NC.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Approximately 2,100 square feet of office space; Three offices or exam rooms with plumbing; Large rear room includes plumbing