Medical Office Suite with Private
New
For Sale
$199,750
2902 Central Heights Road, Goldsboro, NC 27534
Commercial Sale, Goldsboro, NC
Property Size703 SF
Lot Size0.40 Acres
Price / SF$284.14
Days on Market1
Property Features for 2902 Central Heights Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-12
Parking features
Parking Lot
Subdivision
Not In Subdivision
Directions
From US 70 E in Goldsboro, take the Berkeley Blvd exit and head north on N. Berkeley Blvd. Turn right onto Resilience Way. Property is approximately 0.5 miles ahead -- look for the paved lot with parking directly in front of the units. Coordinates: 35.3790386, -77.9335225
Standard status
Active
APN
04d08001001009
Size
703 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LT 4 J M DAVIS SD - Unit F
Tax Annual Amount
5905
Legal Description
LT 4 J M DAVIS SD - Unit F
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1989
Number of units
6
Flooring type
Lvt/lvp
Building materials
Brick, Steel Frame
Listing Agency:
Keller Williams Realty Points East
(252) 355-6000
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Added: Aug 27
Last Checked: Aug 27 at 9:06PM
MLS# 100599494
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit F is a 703-square-foot medical office suite with a private entrance, dedicated restroom, and fire-rated demising walls between neighboring suites. The interior includes drywall, suspended insulated ceilings, LVT/LVP flooring, and independently controlled split-system central heating and air conditioning. Steel-frame and brick construction support the building, which was built in 1989.
Paved asphalt parking is located directly in front of the unit. The space is currently used as a medical office and is identified with R-12 zoning; buyers should confirm zoning and intended use with the City of Goldsboro Planning Department.
Paved asphalt parking is located directly in front of the unit. The space is currently used as a medical office and is identified with R-12 zoning; buyers should confirm zoning and intended use with the City of Goldsboro Planning Department.
Key Highlights
- 703 SF medical office suite identified as Unit F
- Private entrance and dedicated restroom
- Fire‑rated demising walls separate the suite from neighboring units
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
$9,156
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
4.58%
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%
$183,120
$183.1K
Cap Rate 7%
$130,800
$130.8K
Cap Rate 9%
$101,733
$101.7K
Market Conditions
NOI Build-Up for 703 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
$15.2K $21.60/SF
− Vacancy
−$3.0K −$4.23/SF
EGI
$12.2K $17.37/SF
− OpEx
−$3.1K −$4.34/SF
NOI
$9.2K $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%
$183,120
Cap Rate 7%
$130,800
Cap Rate 9%
$101,733
Alternative Uses
Best Use
Healthcare Medical
$400.2K
$350.1K – $466.9K
NOI $28,011 @ 7.0% cap · market cap 14.02%
Second Best
Office B
$130.8K
$114.5K – $152.6K
NOI $9,156 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$565.2K
$494.5K – $659.4K
NOI $39,563 @ 7.0% cap · market cap 19.81%
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
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 - Self-contained suite includes a dedicated restroom and paved parking directly outside.
Where is this medical office space located?
The property is located at 2902 Central Heights Road Goldsboro, NC.
What is the asking price?
The asking price for this property is $199,750.
What are key features of this property?
This property features: 703 SF medical office suite identified as Unit F; Private entrance and dedicated restroom; Fire‑rated demising walls separate the suite from neighboring units
