Building Details

Year Built 2004

Tenancy Single

Listing Agency: Premier Real Estate of the Sandhills LLC

Listed By: Liz English · License #185992 Show Phone

Source: Augustaaikenhomefinder

Added: Aug 17 Changed: Oct 1 Last Checked: Oct 16 at 9:13AM

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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 Premier Real Estate of the Sandhills LLC

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Investment Insights

Based on property information with market context.

This 1,072-square-foot office unit was built in 2004 and is arranged with a reception area, four private offices, a bathroom, and a kitchen area equipped with a refrigerator, sink, and microwave. The HVAC system was replaced on 6-15-2021, and the water heater was replaced on 7-18-2025.

The property is located at 250 Magnolia Square Ct in Aberdeen, NC 28315. An existing tenant is in place through May 2027 and has expressed interest in entering a new two-year lease, providing an established occupancy arrangement for the next owner.

Key Highlights

• 1,072‑square‑foot office unit built in 2004
• Four private offices plus reception area
• Kitchen equipped with refrigerator, sink, and microwave

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,924

Cap Rate

4.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$258,480 $258.5K

Cap Rate 7%

$184,629 $184.6K

Cap Rate 9%

$143,600 $143.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,072 SF

Gross rent

$23.5K $21.96/SF

− Vacancy

−$2.0K −$1.87/SF

EGI

$21.5K $20.09/SF

− OpEx

−$8.6K −$8.04/SF

NOI

$12.9K $12.06/SF

Area

Moore County, NC

Vacancy

8.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$258,480

Cap Rate 7%

$184,629

Cap Rate 9%

$143,600

Alternative Uses

Best Use

Healthcare Medical

$184.6K

$161.6K – $215.4K (±1% cap)

NOI $12,924 @ 7.0% cap · market cap 4.80%

Second Best

Office B

$112.9K

$98.8K – $131.7K (±1% cap)

NOI $7,902 @ 7.0% cap · market cap 2.94%

Theoretical Best

Specialty Retail

$204.3K

$178.7K – $238.3K (±1% cap)

NOI $14,299 @ 7.0% cap · market cap 5.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Bradford Associates, NC ... Crisis Center Bradford Associates, NC ... Crisis Center

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Building Supply Big Box & Wholesale Store Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

670

Businesses Nearby

Explore this area Business Placement

Demographics for 28315, NC

13,500

Population

6,350

Households

2.1

Avg Household Size

37

Median Age

31%

College-Educated

93%

High-School Grad

65.0 sq mi

ZIP Area

208

Density / Sq Mi

$73,079

Median Household Income

$45,644

Median Earnings

$1,131

Median Rent

$279,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Configured for professional use with reception, multiple offices, a kitchenette, and an on-site restroom.

Where is this office units located?

The property is located at 250 Magnolia Square Ct Aberdeen, NC.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: 1,072‑square‑foot office unit built in 2004; Four private offices plus reception area; Kitchen equipped with refrigerator, sink, and microwave