Listing Agency: Lindsay Commercial Properties Show Phone

Listed By: Mark Lindsay, CCIM Show Phone

Source: Moodyscre

Added: Feb 1, 2025 Changed: Oct 6 Last Checked: Oct 21 at 12:05AM

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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 / Yr

$17,101

Cap Rate

5.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,020 $342.0K

Cap Rate 7%

$244,300 $244.3K

Cap Rate 9%

$190,011 $190.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,320 SF

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 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. How Realmo checks its estimates

Property Analytics

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Open Analytics

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 Bakery (Bike/Boat/Book/etc) Store Carpet & Flooring Store Big Box & Wholesale Store

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

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.