Office Building with Exam
For Sale
$320,000
200 Jefferson Street, Whiteville, NC 28472
Commercial Sale, Whiteville, NC
Property Size2,100 SF
Lot Size0.17 Acres
Price / SF$152.38
Days on Market304
Property Features for 200 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
O / I
Parking features
Driveway
Subdivision
Not In Subdivision
Lot features
Corner Lot
Directions
from Whiteville courthouse circle, take Jefferson St towards the hospital... listing will be on the right just beyond the first stop light... corner lot
Standard status
Active
APN
6282
Size
2,100 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PID: 6282 PIN: 0291.03-04-3159.000
Legal Description
PID: 6282 PIN: 0291.03-04-3159.000
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Flooring type
Carpet, Tile
Building materials
Vinyl Siding, Wood Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Atlantic Blue Coast Realty LLC
(910) 914-6084
Listed By:
Eric D Hill · License #250127
(910) 625-8199
Added: Oct 23, 2025
Changed: Aug 20
Last Checked: Aug 22 at 6:06PM
MLS# 100537644
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,100-square-foot office building at 200 Jefferson Street includes three office or exam rooms with plumbing, a lobby, reception area, and two additional small rooms suitable for offices or records. A rear room with plumbing provides added functional space, while the upper level offers built-in shelving and two coves. Carpet and tile flooring, central air, electric heat, a shingle roof, and wood-frame construction with vinyl and wood siding are in place. The building was constructed in 1950.
The property occupies 0.17 acres in uptown Whiteville, situated between the courthouse and hospital. A paved rear driveway and parking area serve the building, with public water and public sewer available. The site is identified as O/I zoning. The source information also identifies potential fit for medical, legal, insurance, accounting, and other professional uses, subject to confirmation of permitted use with the city.
The property occupies 0.17 acres in uptown Whiteville, situated between the courthouse and hospital. A paved rear driveway and parking area serve the building, with public water and public sewer available. The site is identified as O/I zoning. The source information also identifies potential fit for medical, legal, insurance, accounting, and other professional uses, subject to confirmation of permitted use with the city.
Key Highlights
- 2,100 SF office building on 0.17 acres
- Three offices or exam rooms with plumbing
- Large lobby, reception area, and two additional small 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
$26,331
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
8.23%
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%
$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
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
$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 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%
$526,620
Cap Rate 7%
$376,157
Cap Rate 9%
$292,567
Alternative Uses
Best Use
Office B
$376.2K
$329.1K – $438.9K
NOI $26,331 @ 7.0% cap · market cap 8.23%
Second Best
Healthcare Medical
$353.8K
$309.6K – $412.7K
NOI $24,764 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The property includes O/I zoning and an entry ramp for accessibility.
Where is this office building located?
The property is located at 200 Jefferson Street 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: 2,100 SF office building on 0.17 acres; Three offices or exam rooms with plumbing; Large lobby, reception area, and two additional small rooms
