Standalone Medical Office
2303 Executive Circle, Greenville, NC 27834
For Sale
Contact for pricing
Vacant single-story property positioned in Greenville’s medical district.
Property Size6,000 SF
Price / SF$220
Days on Market104
Property Features for 2303 Executive Circle
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Building Details
Year Built
Buildings
Stories
Owner Occupied
Listing Agency:
Waldrop Properties Llc
Listed By:
Michael Waldrop · License NC #158376
(919) 612-6696
Source:
Crexi
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 12 at 7:01AM
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
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Investment Insights
Based on property information with market context.
This standalone, single-story medical office property was built in 1987 and is currently vacant for occupancy. The building is identified for medical office use and carries MS zoning, providing a focused commercial setting for healthcare-related operations.
The property is located at 2303 Executive Circle in Greenville, across Stantonsburg Road from ECU Health Medical Center. Its placement within Greenville’s medical district connects the building to an established healthcare-oriented area while maintaining a separate, freestanding configuration.
The property is located at 2303 Executive Circle in Greenville, across Stantonsburg Road from ECU Health Medical Center. Its placement within Greenville’s medical district connects the building to an established healthcare-oriented area while maintaining a separate, freestanding configuration.
Key Highlights
- Standalone, single‑story medical office property
- MS zoning supports the stated medical office classification
- Vacant and available for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,662
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,240
$1.4M
Cap Rate 7%
$966,600
$966.6K
Cap Rate 9%
$751,800
$751.8K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$126.0K $21.00/SF
− Vacancy
−$13.2K −$2.21/SF
EGI
$112.8K $18.80/SF
− OpEx
−$45.1K −$7.52/SF
NOI
$67.7K $11.28/SF
Area
Pitt County, NC
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,240
Cap Rate 7%
$966,600
Cap Rate 9%
$751,800
Alternative Uses
Best Use
Healthcare Medical
$966.6K
$845.8K – $1.13M
NOI $67,662 @ 7.0% cap · market cap 5.13%
Second Best
Office B
$922.8K
$807.5K – $1.08M
NOI $64,597 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,428 @ 7.0% cap · market cap 6.93%
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
3,956
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 27834, NC
55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Vet Center — Greenville, NC 27834
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant single-story property positioned in Greenville’s medical district.
Where is this medical office space located?
The property is located at 2303 Executive Circle Greenville, NC.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Standalone, single‑story medical office property; MS zoning supports the stated medical office classification; Vacant and available for occupancy
