Medical Office Space with Exam
For Sale
Contact for pricing
3450 S Contentnea St, Farmville, NC 27828
Well-laid-out medical office with 11 private offices and 6 exam rooms equipped with sinks for patient care.
Property Size3,100 SF
Price / SF$160.97
Days on Market184
Property Features for 3450 S Contentnea St
General Information
Standard status
Active
Size
3,100 SF
Property subtype
OFFICE
Additional Details
Asking Price
$499,000
Listing Agency:
The Overton Group
(252) 414-1710
Listed By:
Byron Aynes · License #278747
(252) 414-1710
Source:
Moodyscre
Added: Jan 29
Changed: Jul 30
Last Checked: Jul 31 at 1:11PM
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 The Overton Group
Investment Insights
Based on property information with market context.
3450 S Contentnea St is a well-maintained medical office property configured for medical or professional use. The building includes a reception and waiting area, along with 11 private offices and 6 exam rooms equipped with sinks, supporting patient-focused workflows.
The property was formerly occupied by an optometry practice, and the internal layout is designed to minimize downtime for a new user while still accommodating a range of professional office uses. Recent capital improvements include a newly repaved parking lot completed in 2022, providing convenient on-site parking for patients and staff.
With approximately 3,100 SF of space, this offering can fit an owner-occupant looking to establish or expand a practice, or an investor seeking medical office income potential.
The property was formerly occupied by an optometry practice, and the internal layout is designed to minimize downtime for a new user while still accommodating a range of professional office uses. Recent capital improvements include a newly repaved parking lot completed in 2022, providing convenient on-site parking for patients and staff.
With approximately 3,100 SF of space, this offering can fit an owner-occupant looking to establish or expand a practice, or an investor seeking medical office income potential.
Key Highlights
- 11 private offices plus reception and waiting area
- 6 exam rooms equipped with sinks
- Former optometry practice configuration
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 | $65.1k | $21.00 |
| − Vacancy | −$6.8k | −$2.21 |
| EGI | $58.3k | $18.80 |
| − OpEx | −$23.3k | −$7.52 |
| NOI | $35.0k | $11.28 |
3,100 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$499.4K
$437.0K – $582.7K
NOI $34,959 @ 7.0% cap · market cap 7.01%
Second Best
Office B
$476.8K
$417.2K – $556.3K
NOI $33,375 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$674.8K
$590.5K – $787.3K
NOI $47,238 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27828, NC
8,673
Population
4,006
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
84%
High-School Grad
79.3 sq mi
ZIP Area
109
Density / Sq Mi
$53,523
Median Household Income
$36,970
Median Earnings
$947
Median Rent
$156,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-laid-out medical office with 11 private offices and 6 exam rooms equipped with sinks for patient care.
Where is this medical office space located?
The property is located at 3450 S Contentnea St Farmville, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 11 private offices plus reception and waiting area; 6 exam rooms equipped with sinks; Former optometry practice configuration
