Turnkey Medical Office in Spring
224 N Main Street Spring Lake, NC 28390
For Sale
$268,500
SINGLE_FAMILY - Spring Lake, NC
Property Size1,860 SF
Lot Size0.23 Acres
Price / SF$144.35
Days on Market442
Property Features for 224 N Main Street
General Information
Property type
Residential
Property subtype
Office
Security features
Security
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
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: Apr 27
Last Checked: Jul 27 at 2:06PM
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.
This turnkey general practice medical office is available for sale in Spring Lake, NC, presenting an opportunity to establish or expand a practice in an area with limited medical offices. The property requires a 90-day vacancy period for the current owner. The office space features a lab, four exam rooms (or three exam rooms and two offices), a large waiting area, a reception counter and workspace, a break area, and two bathrooms. The seller is open to leaving or selling equipment with the office, depending on the agreed-upon terms. This space is suitable for various medical professionals, including nurse practitioners, estheticians, and dentists, as well as therapy offices or general office use, such as for an attorney. The building has parking available both on the street and in the rear. The property is located at 224 N Main Street N, Spring Lake, NC 28390, situated in Cumberland County. The lot size is 0.23 acres, and the property size is 1860 square feet.
Key Highlights
- Turnkey general practice medical office in Spring Lake, NC, offering immediate operational readiness.
- Limited competition from other doctor's offices in the Spring Lake area.
- Versatile space suitable for various medical or professional uses (Nurse Practitioner, Esthetician, Dentist, Attorney, etc.).
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - General practice medical office for sale in Spring Lake, NC.
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: Turnkey general practice medical office in Spring Lake, NC, offering immediate operational readiness.; Limited competition from other doctor's offices in the Spring Lake area.; Versatile space suitable for various medical or professional uses (Nurse Practitioner, Esthetician, Dentist, Attorney, etc.).
