Medical Office Building with Exam
For Sale
$320,000
200 Jefferson Street, Whiteville, NC 28472
Configured with multiple plumbed rooms, lobby, reception area, rear parking, and an accessible entry ramp.
Property Size2,100 SF
Price / SF$152.38
Days on Market294
Property Features for 200 Jefferson Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Zoning
O / I
Additional Details
Road Access
Yes
Building Details
Building Size
2,100 SF
Year Built
1950
Listing Agency:
Atlantic Blue Coast Realty LLC
(910) 625-8199
Listed By:
Eric D Hill · License #250127
(910) 625-8199
Source:
Thomasrealtysold
Added: Oct 23, 2025
Changed: Aug 10
Last Checked: Aug 11 at 2:33PM
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 2,100-square-foot medical office property, built in 1950, offers a practical arrangement for professional occupancy. The layout includes three offices or exam rooms with plumbing, a lobby, reception area, two additional smaller offices or records rooms, and a rear room with plumbing suitable for a break room or conference room. The upper level provides built-in shelving and two coves. An entry ramp supports accessibility, while the paved driveway and rear parking area add convenience for occupants and visitors.
The property is located at 200 Jefferson Street in Whiteville, NC, between the courthouse and hospital. O / I zoning is identified for the site. Any proposed use should be confirmed with the city before proceeding.
The property is located at 200 Jefferson Street in Whiteville, NC, between the courthouse and hospital. O / I zoning is identified for the site. Any proposed use should be confirmed with the city before proceeding.
Key Highlights
- 2,100 square feet on a 0.16‑acre parcel
- Three offices or exam rooms include plumbing
- Large lobby and reception area, plus two additional offices or records 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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Under-served
Demand for This Use
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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Similar Off Market Nearby
- Southern Veterinary Hospital — 606 Washington St, Whiteville, NC 28472
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with multiple plumbed rooms, lobby, reception area, rear parking, and an accessible entry ramp.
Where is this medical office space 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 square feet on a 0.16‑acre parcel; Three offices or exam rooms include plumbing; Large lobby and reception area, plus two additional offices or records rooms
