Medical Office with Exam
202 N Cox St, Asheboro, NC 27203
For Sale
Contact for pricing
Five plumbed exam rooms and a dedicated lab support clinical office use.
Property Size1,724 SF
Lot Size0.60 Acres
Price / SF$231.96
Days on Market33
Property Features for 202 N Cox St
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Condition
Property Use
Medical Specialty
Building Details
Buildings
Listing Agency:
Greensboro Commercial Properties
Listed By:
Micah O'Hare · License NC #321325
(336) 279-0778
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 3:01PM
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 Greensboro Commercial Properties
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Investment Insights
Based on property information with market context.
At 202 N Cox St in Asheboro, this 1,724 SF medical office includes five plumbed exam rooms, a lobby and reception area, a private office, a lab, a hallway workstation, and three bathrooms. A separate rear storage building and basement area provide additional storage space; the basement was previously used as a break room and is excluded from the stated building area. The site spans approximately 0.60 acres and includes on-site parking.
The property is in Downtown Asheboro at a busy intersection near the courthouse and hospital. Its existing clinical layout can also accommodate counseling and other professional office uses identified for the property.
The property is in Downtown Asheboro at a busy intersection near the courthouse and hospital. Its existing clinical layout can also accommodate counseling and other professional office uses identified for the property.
Key Highlights
- 1,724 SF medical office with five plumbed exam rooms
- Approximately 0.60 acres with on‑site parking
- Lobby and reception area, private office, lab, hallway workstation, and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,055
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,100
$621.1K
Cap Rate 7%
$443,643
$443.6K
Cap Rate 9%
$345,056
$345.1K
Market Conditions
NOI Build-Up for 1,724 SF
Gross rent
$48.2K $27.96/SF
− Vacancy
−$6.8K −$3.94/SF
EGI
$41.4K $24.02/SF
− OpEx
−$10.4K −$6.00/SF
NOI
$31.1K $18.01/SF
Area
Randolph County, NC
Vacancy
14.10%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,100
Cap Rate 7%
$443,643
Cap Rate 9%
$345,056
Alternative Uses
Best Use
Office B
$443.6K
$388.2K – $517.6K
NOI $31,055 @ 7.0% cap · market cap 7.77%
Second Best
Healthcare Medical
$84.1K
$73.6K – $98.1K
NOI $5,886 @ 7.0% cap · market cap 1.47%
Theoretical Best
Office A
$593.0K
$518.9K – $691.9K
NOI $41,513 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 27203, NC
21,869
Population
9,937
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
22.5 sq mi
ZIP Area
972
Density / Sq Mi
$47,506
Median Household Income
$32,900
Median Earnings
$852
Median Rent
$141,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Five plumbed exam rooms and a dedicated lab support clinical office use.
Where is this medical office space located?
The property is located at 202 N Cox St Asheboro, NC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,724 SF medical office with five plumbed exam rooms; Approximately 0.60 acres with on‑site parking; Lobby and reception area, private office, lab, hallway workstation, and three bathrooms
