Medical Office Building with
2835 S Church St Burlington, NC 27215
2835 S Church St, Burlington, NC, 27215
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For Sale
Contact for pricing
Single-tenant MyEyeDr space with a recent lease extension, offered for sale at 3,800 SF.
Property Size3,800 SF
Price / SF$330.27
Days on Market119
Property Features for 2835 S Church St
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agency
Sands Investment Group Los Angeles
Listed by
Chris Sands · License #CA 01387583
Source
Crexi
Added: Mar 26 Updated: Jul 22 at 7:19AM Checked: Jul 22 at 7:19AM
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 Sands Investment Group Los Angeles
Investment Insights
Based on property information with market context.
This offering presents a 3,800 SF medical office space occupied by MyEyeDr at 2835 S Church Street in Burlington, NC. The property includes a recent lease extension, reflecting the tenant’s continued commitment to this established medical office location.
As a for-sale opportunity, the space benefits from a long-standing operating history associated with the existing use and tenant tenure. For buyers seeking a stabilized medical office asset with documented lease continuation, this represents a straightforward, single-tenant investment.
As a for-sale opportunity, the space benefits from a long-standing operating history associated with the existing use and tenant tenure. For buyers seeking a stabilized medical office asset with documented lease continuation, this represents a straightforward, single-tenant investment.
Key Highlights
- 3,800 SF single‑tenant MyEyeDr space at 2835 S Church Street, Burlington, NC
- Recent lease extension with the tenant, indicating continued commitment to the location
- Medical office built in 1978
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.0k | $30.00 |
| − Vacancy | −$15.6k | −$4.11 |
| EGI | $98.4k | $25.89 |
| − OpEx | −$24.6k | −$6.47 |
| NOI | $73.8k | $19.42 |
3,800 SF · lease $30.00/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$922.3K – $1.23M
NOI $73,787 @ 7.0% cap · market cap 5.88%
Second Best
Healthcare Medical
$359.9K
$314.9K – $419.9K
NOI $25,194 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,699 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MyEyeDr.
(Bike/Boat/Book/etc) Store
Jenna Roney, OD
Physician
Kristine Loo
Physician
Dr. George Glosson
Physician
Alvah C. Cayton ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 2760 S Church St Suite 104, Burlington, NC 27215
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 2749 S Church St, Burlington, NC 27215
- PetVet Wellness Center — 3129 Garden Rd, Burlington, NC 27215
- Town 'N' Country Animal Hospital on Forestdale — 3496 Forestdale Dr, Burlington, NC 27215
FAQs
What type of property is this?
Medical Office Space - Single-tenant MyEyeDr space with a recent lease extension, offered for sale at 3,800 SF.
Where is this medical office space located?
The property is located at 2835 S Church St Burlington, NC.
What is the asking price?
The asking price for this property is $1,255,037.
What are key features of this property?
This property features: 3,800 SF single‑tenant MyEyeDr space at 2835 S Church Street, Burlington, NC; Recent lease extension with the tenant, indicating continued commitment to the location; Medical office built in 1978
