Medical Office Investment
For Sale
Contact for pricing
2400 Wayne Memorial Dr Ste E Goldsboro, Goldsboro, NC 27534
Medical office space for sale, leased to Eastern Nephrology.
Property Size1,303 SF
Price / SF$249.42
Days on Market1200
Property Features for 2400 Wayne Memorial Dr Ste E Goldsboro
General Information
Standard status
Active
Size
1,303 SF
Property subtype
Office
Zoning
O&I-1
Building Details
Stories
1
Listing Agency:
Wayne Realty & Insurance Co.Goldsboro
(919) 735-1876
Listed By:
Bob Logan · License #NC 72422
Source:
Crexi
Added: May 1, 2023
Changed: Aug 11
Last Checked: May 12 at 11:35PM
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 Wayne Realty & Insurance Co.Goldsboro
Investment Insights
Based on property information with market context.
This investment property features a medical office located in Wayne Medical Pavilion. The 1303-square-foot space is currently leased by Eastern Nephrology. The property is situated between 3HC and Wayne Pharmacy, and it is in close proximity to Wayne UNC Health Care.
Key Highlights
- Leased Medical Office: Provides immediate rental income.
- Location in Wayne Medical Pavilion: High visibility and synergy with other medical professionals.
- Tenant: Currently leased by Eastern Nephrology, a medical practice.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,971
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,420
$339.4K
Cap Rate 7%
$242,443
$242.4K
Cap Rate 9%
$188,567
$188.6K
Market Conditions
NOI Build-Up for 1,303 SF
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.
Gross rent
$28.1K $21.60/SF
− Vacancy
−$5.5K −$4.23/SF
EGI
$22.6K $17.37/SF
− OpEx
−$5.7K −$4.34/SF
NOI
$17.0K $13.02/SF
Area
Wayne County, NC
Vacancy
19.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,420
Cap Rate 7%
$242,443
Cap Rate 9%
$188,567
Alternative Uses
Best Use
Healthcare Medical
$741.7K
$649.0K – $865.3K
NOI $51,918 @ 7.0% cap · market cap 15.97%
Second Best
Office B
$242.4K
$212.1K – $282.9K
NOI $16,971 @ 7.0% cap · market cap 5.22%
Theoretical Best
Specialty Retail
$1.05M
$916.6K – $1.22M
NOI $73,330 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27534, NC
30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
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 - Medical office space for sale, leased to Eastern Nephrology.
Where is this medical office space located?
The property is located at 2400 Wayne Memorial Dr Ste E Goldsboro Goldsboro, NC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Leased Medical Office: Provides immediate rental income.; Location in Wayne Medical Pavilion: High visibility and synergy with other medical professionals.; Tenant: Currently leased by Eastern Nephrology, a medical practice.
