Medical Office
231 Memorial Dr Jacksonville, NC 28546
231 Memorial Dr, Jacksonville, NC, 28546
Contact for pricing
For Sale
Contact for pricing
Medical office building with flexible dual-suite layout, private entrances, shared waiting area, and 25+ parking spaces.
Property Size3,600 SF
Price / SF$263.89
Days on Market93
Property Features for 231 Memorial Dr
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- OFFICE
Listing agency
Ray Properties Inc
(910) 388-6620
Listed by
Matt Ray · License #266827
(910) 388-6620
Source
Moodyscre
Added: Apr 21 Updated: Jul 21 at 11:09PM Checked: Jul 22 at 4:23AM
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 Ray Properties Inc
Investment Insights
Based on property information with market context.
This medical office building offers 3,600± square feet of flexible space for a single practice or two separate suites. The layout can be divided down the center, with private side entrances for each user and a shared waiting area. Interior improvements include a large waiting area with restrooms, 7+ exam rooms, 2 reception areas, and two private physician offices with built-ins and restrooms.
The property also provides two open nursing stations with sinks, a total of 6 restrooms, and 2 break rooms plus 2+ administrative offices and 2 utility rooms. It includes over 25 parking spaces and a covered patient drop-off.
The building is positioned just seconds from, and within eyesight of, Onslow Memorial Hospital, supporting convenient access for patients and staff.
The property also provides two open nursing stations with sinks, a total of 6 restrooms, and 2 break rooms plus 2+ administrative offices and 2 utility rooms. It includes over 25 parking spaces and a covered patient drop-off.
The building is positioned just seconds from, and within eyesight of, Onslow Memorial Hospital, supporting convenient access for patients and staff.
Key Highlights
- 3,600± SF medical office building with flexible layout for 1 practice or 2 separate suites
- Dual‑suite design: divided down the center with private side entrances and a shared waiting area
- 7+ exam rooms plus 2 reception areas and large waiting area with restrooms
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 | $77.8k | $21.60 |
| − Vacancy | −$3.5k | −$0.97 |
| EGI | $74.3k | $20.63 |
| − OpEx | −$29.7k | −$8.25 |
| NOI | $44.6k | $12.38 |
3,600 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$636.5K
$557.0K – $742.6K
NOI $44,556 @ 7.0% cap · market cap 4.69%
Second Best
Office B
$590.1K
$516.4K – $688.5K
NOI $41,310 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,743 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PORT Human Services
Crisis Center
Dr. Hong Y. ...
Physician
Vasudevan Raghavan MD
Physician
Paula Savage
Counselor
Ashley Wadsworth
Counselor
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FAQs
What type of property is this?
Medical Office Space - Medical office building with flexible dual-suite layout, private entrances, shared waiting area, and 25+ parking spaces.
Where is this medical office space located?
The property is located at 231 Memorial Dr Jacksonville, NC.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,600± SF medical office building with flexible layout for 1 practice or 2 separate suites; Dual‑suite design: divided down the center with private side entrances and a shared waiting area; 7+ exam rooms plus 2 reception areas and large waiting area with restrooms
