Turnkey Medical/Office
For Sale
$268,500
224 N Main Street, Spring Lake, NC 28390
SINGLE_FAMILY - Spring Lake, NC
Property Size1,860 SF
Lot Size0.23 Acres
Price / SF$144.35
Days on Market445
Property Features for 224 N Main Street
General Information
Property type
Residential
Property subtype
Office
Zoning description
C(P) - Planned Commercial District
Security features
Security
Subdivision
SPRING LAKE
Lot features
Less Than Quarter Acre
Standard status
Active
APN
0501-66-8552.000
Size
1,860 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOT 67X147 E/S MAIN ST SP LK 224 N MAIN ST
Legal Description
LOT 67X147 E/S MAIN ST SP LK 224 N MAIN ST
Utilities
Sewer type
Public Sewer
Building Details
Year built
1981
Building materials
BrickVeneer
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 864-2626
Listed By:
MALINDA CRAVEN · License #196331
(910) 322-6535
Added: May 12, 2025
Changed: Jul 27
Last Checked: Jul 30 at 9:06PM
MLS# 743484
Copyright © 2026 Longleaf Pine Realtors. 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.
Turnkey medical or general office space offered for sale at 224 N Main Street in Spring Lake. The interior includes a lab, exam rooms (configured as 4 exam rooms or 3 exam rooms), and additional offices, along with a large waiting area, reception counter and workspace, break area, and two bathrooms. The seller will leave or sell equipment depending on the terms.
The property is located within C(P) zoning. Parking is available on the street and in the rear.
Owner occupancy transition is planned, with 90 days needed to vacate. The space is adaptable for medical or general office use and may also be suitable for an office or retail setup based on the buyer’s intended use under applicable zoning.
The property is located within C(P) zoning. Parking is available on the street and in the rear.
Owner occupancy transition is planned, with 90 days needed to vacate. The space is adaptable for medical or general office use and may also be suitable for an office or retail setup based on the buyer’s intended use under applicable zoning.
Key Highlights
- Medical or general office zoning (C(P)) in Spring Lake
- 1981 construction with brick veneer exterior
- Office layout includes lab, multiple exam rooms (4 or 3), and 2 offices
Financial Insights For Office B
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 | $33.5k | $18.00 |
| − Vacancy | −$1.1k | −$0.58 |
| EGI | $32.4k | $17.42 |
| − OpEx | −$8.1k | −$4.36 |
| NOI | $24.3k | $13.07 |
1,860 SF · lease $18.00/SF/yr · vacancy 3.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$347.2K
$303.8K – $405.1K
NOI $24,306 @ 7.0% cap · market cap 9.05%
Second Best
Healthcare Medical
$219.3K
$191.9K – $255.9K
NOI $15,351 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$444.5K
$388.9K – $518.5K
NOI $31,112 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28390, NC
23,799
Population
10,204
Households
2.3
Avg Household Size
31
Median Age
28%
College-Educated
93%
High-School Grad
60.2 sq mi
ZIP Area
395
Density / Sq Mi
$58,750
Median Household Income
$36,678
Median Earnings
$1,151
Median Rent
$195,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey office space with a lab, exam rooms, waiting area, reception, break area, and two restrooms.
Where is this medical office space located?
The property is located at 224 N Main Street Spring Lake, NC.
What is the asking price?
The asking price for this property is $268,500.
What are key features of this property?
This property features: Medical or general office zoning (C(P)) in Spring Lake; 1981 construction with brick veneer exterior; Office layout includes lab, multiple exam rooms (4 or 3), and 2 offices
