Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    800 Park St Williamston, NC 27892-2769

    • Medical offices
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4605536
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 800 Park St

    Lot size
    0.63 lot acres
    Zone code
    M1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    504669
    APU
    504669

    Description

    This exceptional investment opportunity presents a single-tenant, 4,164 square foot medical office building in Williamston, NC. The property, located at 800 Park St, boasts a strong 7.51% cap rate and a 10-year net lease with Affinity Health Partners, LLC, commencing May 1, 2024, and expiring April 30, 2034. The lease includes two 5-year renewal options and features 3% annual rent escalations. The building, constructed in 1992 and renovated in 2020, comprises two suites (approximately 1,200 and 2,950 square feet) and sits on a 0.63-acre lot zoned M1. The asking price is $610,000, translating to $146.49 per square foot. Landlord responsibilities are limited to roof and structural maintenance. The property enjoys a prime location near Highway 17, offering excellent visibility and proximity to major retailers like Belk, Food Lion, and AutoZone. Currently 100% occupied, this investment offers exceptional stability and growth potential. The Net Operating Income (NOI) is $45,804. This is a turnkey investment with a secure, long-term lease and built-in rent growth.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Martin
    State
    North Carolina
    Longitude
    -77.0486
    Latitude
    35.8474

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,889
    $63,920
    $292,760
    $356,680
    -
    $63,920
    $292,760
    $356,680

    Comparable in this City

    • Value Estimation
      $265,000
      0.57 Acres

      1025 Harrisway Dr

      MEDICAL BUILDING • 0.57 Acres
      1025 Harrisway Dr, Williamston, NC 27892-8683
      View Details
    • Value Estimation by Request
      0.10 Acres

      105 Smithwick St

      MEDICAL BUILDING • 0.10 Acres
      105 Smithwick St, Williamston, NC 27892-2433
      View Details
    • Value Estimation by Request
      21.94 Acres

      310 Mccaskey Rd

      MEDICAL BUILDING • 21.94 Acres
      310 Mccaskey Rd, Williamston, NC 27892-2150
      View Details
    • Value Estimation
      $230,000
      0.68 Acres

      1888 Us Hwy 17

      MEDICAL BUILDING • 0.68 Acres
      1888 Us Hwy 17, Williamston, NC 27892-8203
      View Details
    • Value Estimation by Request
      0.92 Acres

      1227 Brentway Ave

      MEDICAL BUILDING • 0.92 Acres
      1227 Brentway Ave, Williamston, NC 27892-7569
      View Details
    • Value Estimation by Request
      0.82 Acres

      1309 Brentway Ave

      MEDICAL BUILDING • 0.82 Acres
      1309 Brentway Ave, Williamston, NC 27892-7593
      View Details

    Similar Nearby for Sale

    • $445,000
      17,394 SF

      Prime Williamston Commercial Property

      Large lot, high-traffic location, great potential.
      200 Main St, Williamston, NC 27892
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Lot in Williamston, NC

      Residential lot in a developed country subdivision.
      1236 Forest Dr, Williamston, NC 27892
      View Details
    • Contact for pricing
      0.48 Acres

      Residential Lot in White Oak

      Cleared 0.48-acre residential lot near Williamston, North Carolina.
      1089 White Oak Dr, Williamston, NC 27892
      View Details
    • $83,000
      1.70 Acres

      Prime Williamston Land Opportunity

      1.7 Acres, Zoned Other, $83,000
      818 Main St, Williamston, NC 27892
      View Details
    • Contact for pricing
      Pending

      Land in Williamston Online Auction

      Land for sale via online auction in Martin County, NC.
      1111 Prison Camp Rd, Williamston, NC 27892
      View Details
    • $42,270
      0.83 Acres

      Williamston Wooded Residential Lot

      Almost an acre of wooded land in a quiet neighborhood.
      203 W Woodlawn Dr, Williamston, NC 27892
      View Details

    Similar Nearby for Lease

    • $2,860 /Mo
      2,385 SF

      Customizable Office Space For Lease

      2,385 SF office space suitable for medical or professional use.
      300 S Pearl St, Williamston, NC 27892
      View Details
    • $1,800 /Mo
      8,454 SF

      Retail Space in Williamston, NC

      Retail space available in shopping center anchored by Piggly Wiggly.
      908 Washington St, Williamston, NC 27892
      View Details
    • $12 SF/Yr
      1,600 SF

      Retail Space on US 70

      Retail space with high visibility and multiple access points.
      1067 Brentway Ave, Williamston, NC 27892
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    800 Park St
    Williamston, NC 27892-2769
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.