Single-Story Medical
319 Mocksville Avenue, Salisbury, NC 28144
For Sale
$550,000
Six exam rooms and three private physician offices define a clinical layout.
Property Size2,672 SF
Price / SF$205.84
Days on Market176
Property Features for 319 Mocksville Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Road Access
Currently Operating
Property Use
Amenities
mature landscaping
flagstone walkway
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
Keller Williams Premier
(704) 788-8008
Listed By:
Susanna Barinowski · License NC #298288
(704) 798-1795
Source:
Horizonrealtyassociates
Added: May 23
Changed: Nov 13
Last Checked: Nov 13 at 3:50PM
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 Keller Williams Premier
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Investment Insights
Based on property information with market context.
This 2,672-square-foot medical office occupies a single-story brick building topped with a standing-seam metal roof. The floor plan includes six exam rooms, one with procedure and ECG capability, along with three private offices with windows, two waiting areas, and a reception area with staff workspace. Surface parking extends around three sides of the building.
Located at 319 Mocksville Avenue in Salisbury, the property is near Novant Health Rowan Medical Center. Mocksville Avenue carries 24,500 vehicles daily. RMX zoning supports medical and commercial uses.
Located at 319 Mocksville Avenue in Salisbury, the property is near Novant Health Rowan Medical Center. Mocksville Avenue carries 24,500 vehicles daily. RMX zoning supports medical and commercial uses.
Key Highlights
- 2,672 SF medical office building
- Six exam rooms, including one with procedure and ECG capability
- Three private physician offices with windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,322
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,440
$806.4K
Cap Rate 7%
$576,029
$576.0K
Cap Rate 9%
$448,022
$448.0K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$78.9K $29.52/SF
− Vacancy
−$11.7K −$4.37/SF
EGI
$67.2K $25.15/SF
− OpEx
−$26.9K −$10.06/SF
NOI
$40.3K $15.09/SF
Area
Rowan County, NC
Vacancy
14.80%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,440
Cap Rate 7%
$576,029
Cap Rate 9%
$448,022
Alternative Uses
Best Use
Healthcare Medical
$576.0K
$504.0K – $672.0K
NOI $40,322 @ 7.0% cap · market cap 7.33%
Second Best
Office B
$544.1K
$476.1K – $634.8K
NOI $38,086 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$941.9K
$824.2K – $1.10M
NOI $65,934 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28144, NC
26,254
Population
12,655
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
30.1 sq mi
ZIP Area
872
Density / Sq Mi
$51,432
Median Household Income
$29,787
Median Earnings
$982
Median Rent
$205,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Six exam rooms and three private physician offices define a clinical layout.
Where is this medical office space located?
The property is located at 319 Mocksville Avenue Salisbury, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,672 SF medical office building; Six exam rooms, including one with procedure and ECG capability; Three private physician offices with windows
