Remodeled Medical Office
For Sale
Contact for pricing
3051-3057 S Church St, Burlington, NC 27215
Completely remodeled dermatology office condo with new flooring and light fixtures, plus plentiful on-site parking.
Property Size2,088 SF
Price / SF$150.86
Days on Market231
Property Features for 3051-3057 S Church St
General Information
Standard status
Active
Size
2,088 SF
Property subtype
OFFICE
Additional Details
HOA Fee
$1,566
Listing Agency:
NAI Piedmont Triad
(336) 373-0995
Listed By:
Howard Hawks, CCIM
(336) 516-2458
Source:
Moodyscre
Added: Mar 17
Changed: Oct 25
Last Checked: Nov 1 at 8:17AM
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 NAI Piedmont Triad
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Investment Insights
Based on property information with market context.
Completely remodeled medical office condominium currently used as a dermatological office. The unit includes new flooring and new light fixtures, supporting a clean, updated layout for medical users. With 2,088 square feet, the space is well-suited for continued specialty practice use, and it also offers potential for a medical office or dental practice.
The property is located at 3051-3057 S Church St in Burlington, NC, with easy access off South Church/Edgewood. Plentiful parking on site helps support patient and client access. An HOA is in place and is billed quarterly.
The property is located at 3051-3057 S Church St in Burlington, NC, with easy access off South Church/Edgewood. Plentiful parking on site helps support patient and client access. An HOA is in place and is billed quarterly.
Key Highlights
- 3051‑3057 S Church St, Burlington, NC 27215
- Completely remodeled medical office condominium with new flooring and new light fixtures
- Current use: dermatological office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,843
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,860
$276.9K
Cap Rate 7%
$197,757
$197.8K
Cap Rate 9%
$153,811
$153.8K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$27.3K $13.08/SF
− Vacancy
−$4.2K −$2.03/SF
EGI
$23.1K $11.05/SF
− OpEx
−$9.2K −$4.42/SF
NOI
$13.8K $6.63/SF
Area
Alamance County, NC
Vacancy
15.52%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,860
Cap Rate 7%
$197,757
Cap Rate 9%
$153,811
Alternative Uses
Best Use
Office B
$579.2K
$506.8K – $675.7K
NOI $40,544 @ 7.0% cap · market cap 12.87%
Second Best
Healthcare Medical
$197.8K
$173.0K – $230.7K
NOI $13,843 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$688.4K
$602.4K – $803.1K
NOI $48,188 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 27215, NC
44,620
Population
21,854
Households
2
Avg Household Size
42
Median Age
37%
College-Educated
92%
High-School Grad
63.1 sq mi
ZIP Area
707
Density / Sq Mi
$66,669
Median Household Income
$45,267
Median Earnings
$1,112
Median Rent
$241,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
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- All Paw Pets Emergency Hospital: Anthony Sharon DVM — 3317 S Church St, Elon, NC 27244
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- All Paws Pet Emergency Hospital — 3317 S Church St, Burlington, NC 27215
Frequently Asked Questions
What type of property is this?
Medical Office Space - Completely remodeled dermatology office condo with new flooring and light fixtures, plus plentiful on-site parking.
Where is this medical office space located?
The property is located at 3051-3057 S Church St Burlington, NC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 3051‑3057 S Church St, Burlington, NC 27215; Completely remodeled medical office condominium with new flooring and new light fixtures; Current use: dermatological office
