Single-Tenant Medical Office
For Sale
Contact for pricing
2609 Medical Office Place, Goldsboro, NC 27534
Purpose-built clinical facility with a net lease and established healthcare positioning.
Property Size13,770 SF
Price / SF$198.18
Days on Market8
Property Features for 2609 Medical Office Place
General Information
Standard status
Active
Size
13,770 SF
Class
B
Property subtype
Office
Zoning
O&I-I
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$197,854
Building Details
Year Built
1997
Year Renovated
2012
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Rich Commercial Realty
(919) 821-7880
Listed By:
Sam DiFranco Jr · License #NC 270959
Source:
Crexi
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 5:03AM
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
Investment Insights
Based on property information with market context.
Built in 1997, this 13,770-square-foot medical office building is configured for a single healthcare occupant. The purpose-built clinical improvements support a multispecialty practice serving internal medicine, neurology, endocrinology, and related specialty care. The property is zoned O&I-I and is occupied by UNC Physicians Network, LLC, an affiliate of UNC Health, operating as UNC Health Multispecialty Care at Goldsboro.
The building is located at 2609 Medical Office Place in Goldsboro, North Carolina, directly across from Wayne UNC Health Care, the county’s primary acute-care hospital. Its placement within an established medical office corridor provides a healthcare-oriented setting, while the net-lease structure supports passive ownership.
The building is located at 2609 Medical Office Place in Goldsboro, North Carolina, directly across from Wayne UNC Health Care, the county’s primary acute-care hospital. Its placement within an established medical office corridor provides a healthcare-oriented setting, while the net-lease structure supports passive ownership.
Key Highlights
- 13,770‑square‑foot medical office building constructed in 1997
- Single‑tenant facility occupied by UNC Physicians Network, LLC
- Net‑leased property with UNC Health affiliation
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built clinical facility with a net lease and established healthcare positioning.
Where is this medical office space located?
The property is located at 2609 Medical Office Place 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 medical office building constructed in 1997; Single‑tenant facility occupied by UNC Physicians Network, LLC; Net‑leased property with UNC Health affiliation
