Second-Floor Office
For Sale
$995,000
315 Page Rd N Bldg 2, Pinehurst, NC 28374
OP-zoned professional suite near Pinehurst’s established medical campus, with private offices and flexible collaborative areas.
Property Size4,312 SF
Price / SF$230.75
Days on Market58
Property Features for 315 Page Rd N Bldg 2
General Information
Standard status
Active
Size
4,312 SF
Property subtype
Commercial
Zoning
OP
Additional Details
Floor
2
Highway Access
Yes
Office Units
4
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Carolina Summit Group
(910) 638-8108
Listed By:
Lee Pittman · License #340689
Source:
Coastalrealtyassociates
Added: Jul 3
Changed: Aug 28
Last Checked: Aug 29 at 10:28AM
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 Carolina Summit Group
Investment Insights
Based on property information with market context.
This offering combines four second-floor office condominium units at 315 Page Road N., Building 2, within Pinehurst Commons. The suite contains approximately 4,312 square feet and includes multiple private offices, a conference room, media room, open work area, and kitchenette. The layout supports healthcare, professional services, and other office operations, with onsite parking for employees and visitors.
The property is positioned near Pinehurst’s medical campus area, approximately 0.3 miles from FirstHealth Moore Regional Hospital and Reid Heart Center, and near Pinehurst Medical Clinic and Pinehurst Surgical. Zoned OP (Office & Professional), the units are part of an established professional condominium complex. HOA dues include water and sewer. The offering includes Parcel IDs 0023080212, 0023080222, 0023080232, and 0023080242.
The property is positioned near Pinehurst’s medical campus area, approximately 0.3 miles from FirstHealth Moore Regional Hospital and Reid Heart Center, and near Pinehurst Medical Clinic and Pinehurst Surgical. Zoned OP (Office & Professional), the units are part of an established professional condominium complex. HOA dues include water and sewer. The offering includes Parcel IDs 0023080212, 0023080222, 0023080232, and 0023080242.
Key Highlights
- Four combined second‑floor units totaling approximately 4,312 square feet
- OP (Office & Professional) zoning
- Approximately 0.3 miles from FirstHealth Moore Regional Hospital and Reid Heart Center
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
$51,986
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
5.22%
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%
$1,039,720
$1.0M
Cap Rate 7%
$742,657
$742.7K
Cap Rate 9%
$577,622
$577.6K
Market Conditions
NOI Build-Up for 4,312 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
$94.7K $21.96/SF
− Vacancy
−$8.0K −$1.87/SF
EGI
$86.6K $20.09/SF
− OpEx
−$34.7K −$8.04/SF
NOI
$52.0K $12.06/SF
Area
Moore County, NC
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
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%
$1,039,720
Cap Rate 7%
$742,657
Cap Rate 9%
$577,622
Alternative Uses
Best Use
Healthcare Medical
$742.7K
$649.8K – $866.4K
NOI $51,986 @ 7.0% cap · market cap 5.22%
Second Best
Office B
$454.1K
$397.3K – $529.7K
NOI $31,784 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$821.6K
$718.9K – $958.6K
NOI $57,515 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 28374, NC
18,818
Population
10,532
Households
1.8
Avg Household Size
57
Median Age
63%
College-Educated
98%
High-School Grad
21.0 sq mi
ZIP Area
896
Density / Sq Mi
$106,746
Median Household Income
$56,435
Median Earnings
$1,691
Median Rent
$440,400
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.
Frequently Asked Questions
What type of property is this?
Office units - OP-zoned professional suite near Pinehurst’s established medical campus, with private offices and flexible collaborative areas.
Where is this office units located?
The property is located at 315 Page Rd N Bldg 2 Pinehurst, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four combined second‑floor units totaling approximately 4,312 square feet; OP (Office & Professional) zoning; Approximately 0.3 miles from FirstHealth Moore Regional Hospital and Reid Heart Center
