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Medical Office Building For Sale

511 Paladin Dr, Greenville, NC 27834

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For Sale

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17,000 SF medical office building in Greenville, NC.

Type:Office

Property size:

17,700 SF

Price / SF:

$175/SF

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Justin Mullarkey

Real Estate License ID: NC 225875

HighLights

±17,000 SF medical office building near ECU Health Medical District.
Currently leased to Eastern Nephrology Associates (ENA), providing stable income.
Full building occupancy by ENA offers security of occupancy.
Includes a fully built‑out ambulatory surgical center addition with future income or sublease potential.
Triple‑net lease structure.
Tenant does not plan to renew their lease option, offering future repositioning potential.

For Sale

Contact for pricing

17,000 SF medical office building in Greenville, NC.

Type:Office

Property size:

17,700 SF

Price / SF:

$175/SF

Added:: Feb 25, 2026
Days on Market:: 131
Last Refresh:: Jun 26 at 3:18 am

Property Features for 511 Paladin Dr

General Information

Standard status: Active
Size: 17,700 SF
Property subtype: Office

Building Details

Year Built: 1999

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Contact an agent

Justin Mullarkey

Listing office Mullarkey Real Estate Group

Listing date Feb 25, 2026

Source Crexi

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 Mullarkey Real Estate Group

HighLights

±17,000 SF medical office building near ECU Health Medical District.
Currently leased to Eastern Nephrology Associates (ENA), providing stable income.
Full building occupancy by ENA offers security of occupancy.
Includes a fully built‑out ambulatory surgical center addition with future income or sublease potential.
Triple‑net lease structure.
Tenant does not plan to renew their lease option, offering future repositioning potential.

Overview

The property at 511 Paladin Drive is a medical office building with ±17,000 square feet of space. It is situated within Greenville’s established healthcare corridor, conveniently located minutes from the ECU Health Medical District. Currently, the building is fully leased to Eastern Nephrology Associates (ENA) under a triple-net lease structure, providing in-place income. The tenant occupies the entire building. Constructed around 2006, the building includes a fully built-out ambulatory surgical center addition that is currently not in active use, presenting potential for future income or sublease opportunities. The tenant does not plan to renew their lease option.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$371.7k	$21.00
− Vacancy	−$39.0k	−$2.21
EGI	$332.7k	$18.80
− OpEx	−$133.1k	−$7.52
NOI	$199.6k	$11.28

17,700 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$2.85M

$2.50M – $3.33M (±1% cap)

NOI $199,603 @ 7.0% cap · market cap 6.44%

Second Best

Office B

$2.72M

$2.38M – $3.18M (±1% cap)

NOI $190,563 @ 7.0% cap · market cap 6.15%

Theoretical Best

Office A

$3.85M

$3.37M – $4.50M (±1% cap)

NOI $269,714 @ 7.0% cap · market cap 8.70%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Dr. Manuel Montero, ... Physician Eastern Nephrology Associates Medical Clinic Byrum Jr Graham ... Physician Reed John D ... Physician Chastain Misty Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Greenville
County: Pitt
State: North Carolina
Longitude: -77.4119389
Latitude: 35.6186063

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For sale
Medical Office Space
NC
Greenville
27834
511 Paladin Dr

What type of property is this?

Medical Office Space - 17,000 SF medical office building in Greenville, NC.

Where is this medical office space located?

The property is located at 511 Paladin Dr Greenville, NC.

What is the asking price?

The asking price for this property is $3,100,000.

What are key features of this property?

This property features: ±17,000 SF medical office building near ECU Health Medical District.; Currently leased to Eastern Nephrology Associates (ENA), providing stable income.; Full building occupancy by ENA offers security of occupancy.