Medical Office with Dual
New
For Sale
$1,375,000
2807 McLamb Pl, Goldsboro, NC 27534
A flexible interior can accommodate one medical practice or two separately arranged practices.
Property Size8,688 SF
Price / SF$158.26
Days on Market4
Property Features for 2807 McLamb Pl
General Information
Standard status
Active
Size
8,688 SF
Property subtype
Commercial
Building Details
Year Built
1987
Listing Agency:
KW Wilson (Keller Williams Realty)
Listed By:
Heather Alford · License #280137
(919) 867-5799
Source:
Coastalrealtyassociates
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 10:12AM
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 KW Wilson (Keller Williams Realty)
Investment Insights
Based on property information with market context.
Built in 1987, this medical office property sits on 1.2 acres and includes 45 parking spaces and a 20-by-16-foot storage shed. Its rooms include exam areas, private offices, reception and waiting spaces, conference rooms, and multiple bathrooms. A room formerly used for radiation equipment is present; shielding, approvals, and suitability for any intended use require buyer verification.
Two entrances, each with its own lobby and reception area, allow the building to be configured for one practice or divided between two. The upper level provides additional space. The building is within walking distance of UNC Health Wayne Hospital. Road distances are approximately 26 miles to Wilson, 27 miles to Kinston, 45 miles to Greenville, and 50 miles to Raleigh, varying by route. Business personal property currently inside may be included or excluded from a sale.
Two entrances, each with its own lobby and reception area, allow the building to be configured for one practice or divided between two. The upper level provides additional space. The building is within walking distance of UNC Health Wayne Hospital. Road distances are approximately 26 miles to Wilson, 27 miles to Kinston, 45 miles to Greenville, and 50 miles to Raleigh, varying by route. Business personal property currently inside may be included or excluded from a sale.
Key Highlights
- 1.2‑acre medical office property with 45 parking spaces
- Two entrances, each with a separate lobby and reception area
- Exam rooms, private offices, conference rooms, waiting areas, and multiple bathrooms
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
$113,159
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
8.23%
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%
$2,263,180
$2.3M
Cap Rate 7%
$1,616,557
$1.6M
Cap Rate 9%
$1,257,322
$1.3M
Market Conditions
NOI Build-Up for 8,688 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
$187.7K $21.60/SF
− Vacancy
−$36.8K −$4.23/SF
EGI
$150.9K $17.37/SF
− OpEx
−$37.7K −$4.34/SF
NOI
$113.2K $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%
$2,263,180
Cap Rate 7%
$1,616,557
Cap Rate 9%
$1,257,322
Alternative Uses
Best Use
Healthcare Medical
$4.95M
$4.33M – $5.77M
NOI $346,174 @ 7.0% cap · market cap 25.18%
Second Best
Office B
$1.62M
$1.41M – $1.89M
NOI $113,159 @ 7.0% cap · market cap 8.23%
Theoretical Best
Specialty Retail
$6.98M
$6.11M – $8.15M
NOI $488,941 @ 7.0% cap · market cap 35.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A flexible interior can accommodate one medical practice or two separately arranged practices.
Where is this medical office space located?
The property is located at 2807 McLamb Pl Goldsboro, NC.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 1.2‑acre medical office property with 45 parking spaces; Two entrances, each with a separate lobby and reception area; Exam rooms, private offices, conference rooms, waiting areas, and multiple bathrooms
