Medical Office Investment with Metal
2150 Herbert Court Greenville, NC 27834
2150 Herbert Court, Greenville, NC, 27834
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For Sale
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Fully leased medical office with standing seam metal roof and a lease extending through December 31, 2031.
Property Size11,441 SF
Lot Size1.24 Acres
Price / SF$291.50
Days on Market104
Property Features for 2150 Herbert Court
General Information
- Standard status
- Active
- Size
- 11,441 SF
- Lot size
- 1.24 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agency
Waldrop Properties Llc
(919) 645-1605
Listed by
Michael Waldrop · License #NC 158376
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 1:56PM Checked: Jul 21 at 1:56PM
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 Waldrop Properties Llc
Investment Insights
Based on property information with market context.
2150 Herbert Court is a well-maintained, single-tenant medical office investment property currently fully leased to ECU Pediatric Specialty Care, a division of East Carolina University operating on behalf of the State of North Carolina. The tenant has occupied the building since 2005 and recently extended its commitment; the current lease expires December 31, 2031. The property features a standing seam metal roof, sits on approximately 1.24 acres, and is managed with landlord responsibility for property taxes, insurance, and common area maintenance, while the tenant handles utilities and janitorial services.
The property is located in the heart of Greenville’s established medical district, with close proximity to ECU Health Medical Center and the Brody School of Medicine. The offering cites net operating income of $225,137 with 3% annual rent escalations, supporting predictable long-term income.
The property is located in the heart of Greenville’s established medical district, with close proximity to ECU Health Medical Center and the Brody School of Medicine. The offering cites net operating income of $225,137 with 3% annual rent escalations, supporting predictable long-term income.
Key Highlights
- Single‑tenant medical office investment built in 2005, fully leased to ECU Pediatric Specialty Care.
- Tenant occupied since 2005 and extended—current lease expires December 31, 2031.
- Annual rent NOI reported at $225,137 with 3% annual rent escalations for built‑in growth.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.3k | $21.00 |
| − Vacancy | −$25.2k | −$2.21 |
| EGI | $215.0k | $18.80 |
| − OpEx | −$86.0k | −$7.52 |
| NOI | $129.0k | $11.28 |
11,441 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.84M
$1.61M – $2.15M
NOI $129,020 @ 7.0% cap · market cap 3.87%
Second Best
Office B
$1.76M
$1.54M – $2.05M
NOI $123,177 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,339 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Margie Jaworski
Pediatrician
Cheryl Hill
Physician
Kaliyann Te, PA-C
Physician
Adam R Bensimhon, ...
Pediatrician
Hostensia Beng
Pediatrician
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FAQs
What type of property is this?
Medical Office Space - Fully leased medical office with standing seam metal roof and a lease extending through December 31, 2031.
Where is this medical office space located?
The property is located at 2150 Herbert Court Greenville, NC.
What is the asking price?
The asking price for this property is $3,335,000.
What are key features of this property?
This property features: Single‑tenant medical office investment built in 2005, fully leased to ECU Pediatric Specialty Care.; Tenant occupied since 2005 and extended—current lease expires December 31, 2031.; Annual rent NOI reported at $225,137 with 3% annual rent escalations for built‑in growth.
