Medical Office Suite with Meeting
For Sale
$898,000
610 State Farm Road Unit 2, Boone, NC 28607
An established triple-net tenancy includes annual lease increases and approximately four and a half years remaining.
Property SizeContact for details
Days on Market207
Property Features for 610 State Farm Road Unit 2
General Information
Standard status
Active
Property subtype
Commercial
Zoning
OI
Financials
Cap Rate
5.34%
Gross Income
$48,000
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
Boone Real Estate
Listed By:
Robert de Camara
(828) 964-3499
Source:
Keyterrain
Added: Apr 1
Changed: Oct 22
Last Checked: Oct 22 at 1:44AM
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 Boone Real Estate
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Investment Insights
Based on property information with market context.
This medical office suite in Boone contains five exam or treatment rooms, two private offices, and a smaller office used for storage. The main area also includes a reception space, waiting room, kitchen, and two restrooms. At the rear, a separate meeting room has cork flooring and its own entrance; additional areas include an audiology space, another restroom, a mechanical room, and storage. Zoning is OI.
The property is at 610 State Farm Road, near Boone’s medical district and hospital. The current NNN lease has approximately four and a half years remaining and provides for annual increases. The stated cap rate is 5.34%.
The property is at 610 State Farm Road, near Boone’s medical district and hospital. The current NNN lease has approximately four and a half years remaining and provides for annual increases. The stated cap rate is 5.34%.
Key Highlights
- Five exam or treatment rooms, two private offices, and a smaller office used for storage
- Separate rear meeting room with cork flooring and a private entrance
- Current NNN lease has approximately four and a half years remaining, with annual increases
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,524
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 28607, NC
35,495
Population
16,726
Households
2.1
Avg Household Size
27
Median Age
54%
College-Educated
92%
High-School Grad
101.7 sq mi
ZIP Area
349
Density / Sq Mi
$44,132
Median Household Income
$13,485
Median Earnings
$1,081
Median Rent
$339,200
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 - An established triple-net tenancy includes annual lease increases and approximately four and a half years remaining.
Where is this medical office space located?
The property is located at 610 State Farm Road Unit 2 Boone, NC.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: Five exam or treatment rooms, two private offices, and a smaller office used for storage; Separate rear meeting room with cork flooring and a private entrance; Current NNN lease has approximately four and a half years remaining, with annual increases
