Medical Office Suite with Private
For Sale
$170,820
2902 Central Heights Rd Unit C, Goldsboro, NC 27534
Medical office condominium unit with reception, treatment, exam, and storage areas, plus dedicated parking directly outside.
Property Size830 SF
Price / SF$205.81
Days on Market12
Property Features for 2902 Central Heights Rd Unit C
General Information
Standard status
Active
Size
830 SF
Property subtype
Commercial
Additional Details
Office Units
6
Amenities
restroom
fire-rated demising walls
split-system central heat and air
drywall interiors
suspended insulated ceilings
paved asphalt parking
Building Details
Year Built
1989
Construction
steel frame
Tenancy
Multi
Listing Agency:
Keller Williams Realty Points East
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Source:
Searchgreateraugustahomes
Added: Aug 25
Changed: Sep 4
Last Checked: Sep 4 at 7:32AM
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 Keller Williams Realty Points East
Investment Insights
Based on property information with market context.
Unit C is an 830-square-foot medical office suite with its own entrance, an interior restroom, and fire-rated demising walls adjoining neighboring suites. The layout supports reception, treatment or examination functions, and storage within a compact footprint. Split-system central heating and air conditioning, drywall finishes, suspended insulated ceilings, and steel-frame construction were completed in 1989.
Paved asphalt parking is positioned immediately in front of the unit. The property is located at 2902 Central Heights Rd in Goldsboro, North Carolina, and the space is currently used for medical office purposes. Unit C is one of six suites offered individually. Buyers should confirm zoning and intended use with the City of Goldsboro Planning department.
Paved asphalt parking is positioned immediately in front of the unit. The property is located at 2902 Central Heights Rd in Goldsboro, North Carolina, and the space is currently used for medical office purposes. Unit C is one of six suites offered individually. Buyers should confirm zoning and intended use with the City of Goldsboro Planning department.
Key Highlights
- 830 SF medical office suite
- Private entrance and dedicated restroom
- Fire‑rated demising walls between neighboring suites
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
$10,811
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
6.33%
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%
$216,220
$216.2K
Cap Rate 7%
$154,443
$154.4K
Cap Rate 9%
$120,122
$120.1K
Market Conditions
NOI Build-Up for 830 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
$17.9K $21.60/SF
− Vacancy
−$3.5K −$4.23/SF
EGI
$14.4K $17.37/SF
− OpEx
−$3.6K −$4.34/SF
NOI
$10.8K $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%
$216,220
Cap Rate 7%
$154,443
Cap Rate 9%
$120,122
Alternative Uses
Best Use
Healthcare Medical
$472.4K
$413.4K – $551.2K
NOI $33,071 @ 7.0% cap · market cap 19.36%
Second Best
Office B
$154.4K
$135.1K – $180.2K
NOI $10,811 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$667.3K
$583.9K – $778.5K
NOI $46,711 @ 7.0% cap · market cap 27.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condominium unit with reception, treatment, exam, and storage areas, plus dedicated parking directly outside.
Where is this medical office space located?
The property is located at 2902 Central Heights Rd Unit C Goldsboro, NC.
What is the asking price?
The asking price for this property is $170,820.
What are key features of this property?
This property features: 830 SF medical office suite; Private entrance and dedicated restroom; Fire‑rated demising walls between neighboring suites
