Listing Agency: Lindsay Commercial Properties Show Phone

Listed By: Mark Lindsay, CCIM Show Phone

Source: Moodyscre

Added: Feb 1, 2025 Changed: Sep 4 Last Checked: Sep 5 at 9:12AM

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Investment Insights

Based on property information with market context.

This property presents an opportunity to purchase a medical facility in Robbins, North Carolina. The building has operated as a family practice for approximately 18 years. It is situated at the intersection of Magnolia Street and South Middleton Street, a location with high traffic volume. The property has a size of 2320 square feet.

Key Highlights

• Established medical facility operating as a family practice for 18 years.
• Located on a heavily traveled intersection of Magnolia and S Middleton St in Robbins, NC.
• Excellent opportunity for medical practice purchase.

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

$17,101

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

5.72%

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%

$342,020 $342.0K

Cap Rate 7%

$244,300 $244.3K

Cap Rate 9%

$190,011 $190.0K

Market Conditions

NOI Build-Up for 2,320 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

$65.1K $28.08/SF

− Vacancy

−$42.3K −$18.25/SF

EGI

$22.8K $9.83/SF

− OpEx

−$5.7K −$2.46/SF

NOI

$17.1K $7.37/SF

Area

Moore County, NC

Vacancy

65.00%

Lease Rate

$28.08 /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%

$342,020

Cap Rate 7%

$244,300

Cap Rate 9%

$190,011

Alternative Uses

Best Use

Healthcare Medical

$399.6K

$349.6K – $466.2K (±1% cap)

NOI $27,970 @ 7.0% cap · market cap 9.35%

Second Best

Office B

$244.3K

$213.8K – $285.0K (±1% cap)

NOI $17,101 @ 7.0% cap · market cap 5.72%

Theoretical Best

Specialty Retail

$442.1K

$386.8K – $515.8K (±1% cap)

NOI $30,945 @ 7.0% cap · market cap 10.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Dr. Cynthia Mclemore Pediatrician Reives Vonda H Physician Ballard Marcia Physician Nicholson Todd Employment Agency Kristin Hockersmith, FNP-C Physician

Suggested Use

Top Pick Building Supply Garden Center (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical facility for sale, established family practice location.

Where is this medical office space located?

The property is located at 301 S Middleton St Robbins, NC.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: Established medical facility operating as a family practice for 18 years.; Located on a heavily traveled intersection of Magnolia and S Middleton St in Robbins, NC.; Excellent opportunity for medical practice purchase.