Freestanding Medical Redevelopment
3200 Wellons Blvd New Bern, NC 28562
For Sale
Contact for pricing
Freestanding medical building offers approximately 24,000 SF on about 5 acres in New Bern’s medical corridor.
Property Size24,000 SF
Lot Size5.00 Acres
Price / SF$177.08
Days on Market46
Property Features for 3200 Wellons Blvd
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Lot size
- 5.00 Acres
- Property subtype
- FLEX_R_AND_D
Listing Agency:
Colliers | Raleigh
(919) 412-3221
Listed By:
David Stowe · License #207642
(919) 412-3221
Source:
Moodyscre
Added: Jun 10
Changed: Jul 25
Last Checked: Jul 25 at 8:36AM
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 Colliers | Raleigh
Investment Insights
Based on property information with market context.
Freestanding building totaling approximately 24,000 SF sits on approximately 5 acres and is positioned for redevelopment or as an owner-occupant opportunity. The property is described as a medical-oriented asset within a larger healthcare setting.
The building is located along New Bern’s medical corridor among several medical clinics and major healthcare providers. It is also noted for strong accessibility, with close proximity to New Bern, Craven County’s major retail corridors, and the Highway 17/Highway 70 interchange.
This offering is presented as a single freestanding facility, suited to buyers looking for an adaptable footprint on its own parcel.
The building is located along New Bern’s medical corridor among several medical clinics and major healthcare providers. It is also noted for strong accessibility, with close proximity to New Bern, Craven County’s major retail corridors, and the Highway 17/Highway 70 interchange.
This offering is presented as a single freestanding facility, suited to buyers looking for an adaptable footprint on its own parcel.
Key Highlights
- +/-24,000 SF freestanding medical building
- Located on +/-5.00 acres
- Situated in New Bern’s medical corridor among medical clinics and major healthcare providers
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $604.8k | $25.20 |
| − Vacancy | −$63.5k | −$2.65 |
| EGI | $541.3k | $22.55 |
| − OpEx | −$216.5k | −$9.02 |
| NOI | $324.8k | $13.53 |
24,000 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$6.20M
$5.43M – $7.24M
NOI $434,331 @ 7.0% cap · market cap 10.22%
Second Best
Healthcare Medical
$4.64M
$4.06M – $5.41M
NOI $324,778 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$7.91M
$6.92M – $9.23M
NOI $553,890 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sun Journal
Publishing House
Freedom ENC Communications ...
Publishing House
Similar Off Market Nearby
- The Pet Hospital Of New Bern — 1804 S Glenburnie Rd, New Bern, NC 28562
- Eastern Equine Associates — 2002 S Glenburnie Rd Suite 3C, New Bern, NC 28562
FAQs
What type of property is this?
Medical Office Space - Freestanding medical building offers approximately 24,000 SF on about 5 acres in New Bern’s medical corridor.
Where is this medical office space located?
The property is located at 3200 Wellons Blvd New Bern, NC.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: +/-24,000 SF freestanding medical building; Located on +/-5.00 acres; Situated in New Bern’s medical corridor among medical clinics and major healthcare providers
