Single-Level Healthcare
New
For Sale
$1,950,000
2500 Olivet Court, Greensboro, NC 27406
Two buildings provide bedrooms, recreation areas, offices, laundry rooms, and kitchen space, including a commercial kitchen.
Property Size12,000 SF
Price / SF$162.50
Days on Market2
Property Features for 2500 Olivet Court
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Residential Income
Zoning
MXU
Taxes and HOA fees
Annual Taxes
$996
Amenities
recreation rooms
2 kitchens
1 commercial kitchen
2 offices
2 laundry
Electric
Well
527 x 287
2.75
Lighted,Paved
Building Details
Year Built
1971
Buildings
2
Stories
1
Listing Agency:
Beycome Brokerage Realty LLC
(336) 815-4940
Listed By:
Amber Johnson
Source:
Makethemoverealty
Added: Oct 29
Last Checked: Oct 29 at 2:37PM
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 Beycome Brokerage Realty LLC
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Investment Insights
Based on property information with market context.
This vacant healthcare property comprises two single-level buildings with approximately 12,000 square feet combined. The layout was designed for a 38-bed facility and includes 27 bedrooms, several configured for multiple occupants, along with recreation rooms, two kitchens, two offices, and two laundry rooms. One kitchen is commercial. Improvements include a metal roof, windows, and doors identified as new in the property information.
The 2.75-acre property is zoned MXU, or Mixed Use. The buildings are positioned to support a range of facility configurations within the existing healthcare-oriented layout.
The 2.75-acre property is zoned MXU, or Mixed Use. The buildings are positioned to support a range of facility configurations within the existing healthcare-oriented layout.
Key Highlights
- Two single‑level buildings totaling approximately 12,000 square feet
- Designed for a 38‑bed facility, with 27 bedrooms
- Two kitchens, including one commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,088
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,641,760
$2.6M
Cap Rate 7%
$1,886,971
$1.9M
Cap Rate 9%
$1,467,644
$1.5M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$241.9K $20.16/SF
− Vacancy
−$21.8K −$1.81/SF
EGI
$220.1K $18.35/SF
− OpEx
−$88.1K −$7.34/SF
NOI
$132.1K $11.01/SF
Area
Greensboro, NC
Vacancy
9.00%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,641,760
Cap Rate 7%
$1,886,971
Cap Rate 9%
$1,467,644
Alternative Uses
Best Use
Healthcare Medical
$1.89M
$1.65M – $2.20M
NOI $132,088 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,273 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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Business Placement
Demographics for 27406, NC
61,597
Population
28,080
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
69.4 sq mi
ZIP Area
888
Density / Sq Mi
$56,748
Median Household Income
$37,095
Median Earnings
$1,103
Median Rent
$191,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Healthcare property - Two buildings provide bedrooms, recreation areas, offices, laundry rooms, and kitchen space, including a commercial kitchen.
Where is this healthcare property located?
The property is located at 2500 Olivet Court Greensboro, NC.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two single‑level buildings totaling approximately 12,000 square feet; Designed for a 38‑bed facility, with 27 bedrooms; Two kitchens, including one commercial kitchen
