Medical Office Building For
2001 S Glenburnie Rd, New Bern, NC 28562
Single-tenant outpatient medical office building in New Bern, NC.
Type:Office
Property size:
4,950 SFPrice / SF:
$338/SF- Added:
- Feb 19, 2026
- Days on Market:
- 86
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 2001 S Glenburnie Rd
General Information
- Standard status
- Active
- Size
- 4,950 SF
- Property subtype
- Office
Building Details
- Year Built
- 1977
Listing agent John VanCoutren License #NC 304027
Listing office The Overton Group (252) 355-0755
Listing date Feb 19, 2026
Source Crexi
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 The Overton Group
HighLights
- Located along New Bern’s primary commercial corridor with direct connectivity to US‑70, offering strong accessibility and visibility.
- Single‑tenant outpatient medical office asset, aligning with the growing trend of healthcare delivery in outpatient settings.
- Adaptable medical infrastructure capable of supporting a range of healthcare uses, providing long‑term re‑tenanting flexibility.
- Benefits from demographic tailwinds in Eastern North Carolina, with aging population trends supporting higher healthcare utilization.
- Medical office tenancy enhances income stability due to high relocation friction.
- Specialized buildout, regulatory requirements, and patient retention considerations create barriers to moving, contributing to longer tenant tenure.
Overview
The property at 2001 S Glenburnie Road is a single-tenant outpatient medical office asset situated along New Bern’s primary commercial corridor. The investment caters to the ongoing shift of healthcare delivery towards outpatient settings, where over 60% of procedures nationwide are performed outside of hospitals. This trend supports sustained demand for accessible, community-based medical facilities. The property benefits from demographic trends in Eastern North Carolina, where aging population trends support higher per capita healthcare utilization. Medical office tenancy enhances income stability due to high relocation friction. Specialized buildout, regulatory requirements, and patient retention considerations create barriers to moving, contributing to longer average tenant tenure relative to traditional office users. Positioned along Glenburnie Road, New Bern’s dominant commercial corridor with direct connectivity to US-70, the asset offers accessibility and visibility. The property offers adaptable medical infrastructure capable of supporting a range of healthcare uses, providing re-tenanting flexibility and downside protection. The property contains 4,950 square feet and is intended for medical office use.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$995.3K
NOI $89,581 @ 9.00% cap · cautious / downside scenario
Moderate
$1.28M
NOI $89,581 @ 7.00% cap · market / base-case scenario
Aggressive
$1.79M
NOI $89,581 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.4k | $27.96 |
| − Vacancy | −$19.0k | −$3.83 |
| EGI | $119.4k | $24.13 |
| − OpEx | −$29.9k | −$6.03 |
| NOI | $89.6k | $18.10 |
4,950 SF · lease $27.96/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,581 @ 7.0% cap · market cap 5.34%
Second Best
Healthcare Medical
$956.9K
$837.3K – $1.12M
NOI $66,985 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,240 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
eyecarecenter
Eye Care Center
Eyecare Center-New Bern-Twin
Physician
William B. Teague, ...
Physician
Chaz Truesdale
Physician
ANGELA EVERETT MACDONALD
Physician
Similar Places Nearby
- The Pet Hospital Of New Bern — 1804 S Glenburnie Rd, New Bern, NC 28562
- Eastern Equine Associates — 2002 S Glenburnie Rd Suite 3C, New Bern, NC 28562
Location Insight
- Map
- Local Demand
- City
- New Bern
- County
- Craven
- State
- North Carolina
- Longitude
- -77.0988423
- Latitude
- 35.101531
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Single-tenant outpatient medical office building in New Bern, NC.
Where is this medical office space located?
The property is located at 2001 S Glenburnie Rd New Bern, NC.
What is the asking price?
The asking price for this property is $1,676,000.
What are key features of this property?
This property features: Located along New Bern’s primary commercial corridor with direct connectivity to US‑70, offering **strong accessibility and visibility**.; Single‑tenant outpatient medical office asset, aligning with the growing trend of healthcare delivery in outpatient settings.; Adaptable medical infrastructure capable of supporting a range of healthcare uses, providing long‑term re‑tenanting flexibility.
