New
For Sale
$187,250
2902 Central Heights Rd, Goldsboro, NC 27534
639 SF Medical Office Condo Unit B | $40K Down Owner Financing | Goldsboro NC
Property Size639 SF
Lot Size0.40 Acres
Price / SF$293.04
Days on Market5
Property Features for 2902 Central Heights Rd
General Information
Standard status
Active
Property type
Medical Office Space, Office Units, Office Spaces
Size
639 SF
Lot size
0.40 Acres
Building Details
Year Built
1989
Units
1
Listing Agency:
(910) 729-9180
Listed By:
Tim
(910) 729-9180
Added: Aug 28
Investment Insights
Based on property information with market context.
Key Highlights
- Seller financing available — $40,000 down per unit
- Six units offered individually or as a complete building
- 639–927 SF units sized for solo practitioners and small practices
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
$8,323
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
4.44%
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%
$166,460
$166.5K
Cap Rate 7%
$118,900
$118.9K
Cap Rate 9%
$92,478
$92.5K
Market Conditions
NOI Build-Up for 639 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
$13.8K $21.60/SF
− Vacancy
−$2.7K −$4.23/SF
EGI
$11.1K $17.37/SF
− OpEx
−$2.8K −$4.34/SF
NOI
$8.3K $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%
$166,460
Cap Rate 7%
$118,900
Cap Rate 9%
$92,478
Alternative Uses
Best Use
Healthcare Medical
$363.7K
$318.3K – $424.4K
NOI $25,461 @ 7.0% cap · market cap 13.60%
Second Best
Office B
$118.9K
$104.0K – $138.7K
NOI $8,323 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$513.7K
$449.5K – $599.4K
NOI $35,961 @ 7.0% cap · market cap 19.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Well-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 - 639 SF Medical Office Condo Unit B | $40K Down Owner Financing | Goldsboro NC
Where is this medical office space located?
The property is located at 2902 Central Heights Rd Goldsboro, NC.
What is the asking price?
The asking price for this property is $187,250.
What are key features of this property?
This property features: Seller financing available — $40,000 down per unit; Six units offered individually or as a complete building; 639–927 SF units sized for solo practitioners and small practices
