Single-Tenant Medical Office
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2609 Medical Office Pl, Goldsboro, NC 27534
Net-leased clinical facility occupied by a multispecialty care provider across from Wayne UNC Health Care.
Property Size13,770 SF
Price / SF$198.18
Days on Market7
Property Features for 2609 Medical Office Pl
General Information
Standard status
Active
Size
13,770 SF
Property subtype
OFFICE
Building Details
Tenancy
Single
Listing Agency:
Rich Commercial Realty; LLC
(919) 618-3026
Listed By:
Dylan Heafner · License #NC-286149
(919) 618-3026
Source:
Moodyscre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 11:06AM
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 Rich Commercial Realty; LLC
Investment Insights
Based on property information with market context.
This 13,770-square-foot medical office building is configured for a single occupant and is leased on a net basis to UNC Physicians Network, LLC, an affiliate of UNC Health. The facility operates as a multispecialty clinic serving internal medicine, neurology, endocrinology, and related specialty care functions.
Located at 2609 Medical Office Pl in Goldsboro, the property is positioned directly across from Wayne UNC Health Care, the county’s primary acute-care hospital. Its clinical configuration and established medical-office setting support continued use as a specialty healthcare facility.
Located at 2609 Medical Office Pl in Goldsboro, the property is positioned directly across from Wayne UNC Health Care, the county’s primary acute-care hospital. Its clinical configuration and established medical-office setting support continued use as a specialty healthcare facility.
Key Highlights
- 13,770‑square‑foot single‑tenant medical office building
- Net leased to UNC Physicians Network, LLC, an affiliate of UNC Health
- Operates as UNC Health Multispecialty Care at Goldsboro
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
$179,351
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
6.57%
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%
$3,587,020
$3.6M
Cap Rate 7%
$2,562,157
$2.6M
Cap Rate 9%
$1,992,789
$2.0M
Market Conditions
NOI Build-Up for 13,770 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
$297.4K $21.60/SF
− Vacancy
−$58.3K −$4.23/SF
EGI
$239.1K $17.37/SF
− OpEx
−$59.8K −$4.34/SF
NOI
$179.4K $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%
$3,587,020
Cap Rate 7%
$2,562,157
Cap Rate 9%
$1,992,789
Alternative Uses
Best Use
Healthcare Medical
$7.84M
$6.86M – $9.14M
NOI $548,667 @ 7.0% cap · market cap 20.11%
Second Best
Office B
$2.56M
$2.24M – $2.99M
NOI $179,351 @ 7.0% cap · market cap 6.57%
Theoretical Best
Specialty Retail
$11.07M
$9.69M – $12.92M
NOI $774,944 @ 7.0% cap · market cap 28.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
773
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Net-leased clinical facility occupied by a multispecialty care provider across from Wayne UNC Health Care.
Where is this medical office space located?
The property is located at 2609 Medical Office Pl Goldsboro, NC.
What is the asking price?
The asking price for this property is $2,729,000.
What are key features of this property?
This property features: 13,770‑square‑foot single‑tenant medical office building; Net leased to UNC Physicians Network, LLC, an affiliate of UNC Health; Operates as UNC Health Multispecialty Care at Goldsboro
