Medical-Ready Office
919 E 4th Ave Red Springs, NC 28377
919 E 4th Ave, Red Springs, NC, 28377
$185,000
For Sale
$185,000
Office building with a front lobby, conference room, two bathrooms, and alarm system, plus paved parking for 11 vehicles.
Property Size1,400 SF
Lot Size0.52 Acres
Price / SF$132.14
Days on Market229
Property Features for 919 E 4th Ave
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.52 Acres
Listing agency
1ST CHOICE REAL ESTATE
(910) 733-2222
Listed by
DAVID JONES · License #236033
(910) 733-2222
Source
Exprealty
Added: Dec 4, 2025 Updated: Jul 20 at 6:53PM Checked: Jul 20 at 6:53PM
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 1ST CHOICE REAL ESTATE
Investment Insights
Based on property information with market context.
This office building offers approximately 1,400 square feet of interior space configured with a front lobby area, conference room, ample office space, good storage, and two bathrooms. The property is equipped with an alarm system, and the layout supports a variety of office-related uses.
Located on Fourth Avenue in Red Springs, NC, the building sits on a paved lot with parking for 11 spaces. The property is across the street from Carlson Chevrolet and Bleecker Buick GMC dealerships.
The offering includes a 0.52-acre lot and the option to purchase or lease the premises.
Located on Fourth Avenue in Red Springs, NC, the building sits on a paved lot with parking for 11 spaces. The property is across the street from Carlson Chevrolet and Bleecker Buick GMC dealerships.
The offering includes a 0.52-acre lot and the option to purchase or lease the premises.
Key Highlights
- Office building in Red Springs, NC with 1,400 SF of interior space
- Layout includes front lobby, conference room, ample office space, good storage, and two bathrooms
- Alarm system included
Local 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 | $25.2k | $18.00 |
| − Vacancy | −$3.5k | −$2.52 |
| EGI | $21.7k | $15.48 |
| − OpEx | −$8.7k | −$6.19 |
| NOI | $13.0k | $9.29 |
1,400 SF · lease $18.00/SF/yr · vacancy 14.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$292.6K
$256.0K – $341.3K
NOI $20,480 @ 7.0% cap · market cap 11.07%
Second Best
Healthcare Medical
$185.8K
$162.5K – $216.7K
NOI $13,003 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$385.9K
$337.7K – $450.2K
NOI $27,014 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hasty Insurance - A Relation ...
Insurance Agency
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FAQs
What type of property is this?
Office building - Office building with a front lobby, conference room, two bathrooms, and alarm system, plus paved parking for 11 vehicles.
Where is this office building located?
The property is located at 919 E 4th Ave Red Springs, NC.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Office building in Red Springs, NC with 1,400 SF of interior space; Layout includes front lobby, conference room, ample office space, good storage, and two bathrooms; Alarm system included
