Nursing Home Facility with
New
For Sale
$1,950,000
2500 Olivet Court, Greensboro, NC 27406
Residential Income, Greensboro, NC
Property Size12,000 SF
Lot Size2.75 Acres
Price / SF$162.50
Days on Market1
Property Features for 2500 Olivet Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MXU
Rooms
Basement
Directions
Inteerstate-85, take EXIT 128 Wiley Lewis RD & turn West, Travel under 1 mile & turn Right (North) onto Hacketts Lake Road, travel 400 feet & turn Left (West) onto Olivet Court to arrive at 2500 Olivet Court Greensboro, NC 27406
Standard status
Active
Lot size
2.75 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
996
Building Details
Year built
1971
Listing Agency:
Beycome Brokerage Realty LLC
(804) 656-5007
Listed By:
Craig Tribus · License #352783
(702) 604-7770
Added: Sep 3
Last Checked: Sep 3 at 5:06PM
MLS# 1234446
Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant healthcare property comprises two single-level buildings totaling approximately 12,000 square feet. The layout was designed for a 38-bed facility and includes 27 bedrooms, with many configured as doubles, along with recreation rooms, two kitchens, two offices, and laundry areas. One kitchen is commercial grade. Improvements include a metal roof, windows, and doors that have been remodeled or replaced.
The property occupies 2.75 acres outside the city limits in a quiet country setting along a dead-end road. MXU zoning supports a mixed-use framework, and the site is located at 2500 Olivet Court in Greensboro, North Carolina. Originally built in 1971, the facility was formerly used for medical-grade healthcare services.
The property occupies 2.75 acres outside the city limits in a quiet country setting along a dead-end road. MXU zoning supports a mixed-use framework, and the site is located at 2500 Olivet Court in Greensboro, North Carolina. Originally built in 1971, the facility was formerly used for medical-grade healthcare services.
Key Highlights
- Two single‑level buildings totaling approximately 12,000 square feet
- Layout designed for a 38‑bed facility with 27 bedrooms, including many double rooms
- Two kitchens, including one commercial kitchen
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
$132,088
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
6.77%
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%
$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
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
$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 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%
$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
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,719 @ 7.0% cap · market cap 5.17%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Nursing home - Two single-level buildings provide bedrooms, recreation rooms, offices, laundry areas, and kitchen facilities.
Where is this nursing home 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; Layout designed for a 38‑bed facility with 27 bedrooms, including many double rooms; Two kitchens, including one commercial kitchen
