Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Building For Sale Title is generated by Realmo AI

    890 S Lombard St, Clayton, NC 27520

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story medical office building near downtown Clayton, North Carolina.

    Type:Office
    Property size:
    20,000 SF
    Added:
    Mar 1, 2023
    Days on Market:
    1177
    Last Refresh:
    May 12 at 8:50 pm

    Property Features for 890 S Lombard St

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Ryan Gaylord

    Listing agent Ryan Gaylord License #NC 233161

    Listing office NAI Tri Properties

    Listing date Mar 1, 2023

    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 NAI Tri Properties

    HighLights

    • New two‑story brick medical office building.
    • Located near downtown Clayton.
    • Proximity to NC 42/S Lombard Street and Highway Business 70.
    • Built in 2025.
    • Remaining space available for lease or sale.
    • 10,000 SF already sold.

    Overview

    This is a two-story brick medical office building located near downtown Clayton, North Carolina, along NC 42/S Lombard Street, and 0.2 miles from Highway Business 70. The property has a size of 20000 square feet. 10,000 square feet has been sold, and the remaining space is available for lease or sale.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Clayton Animal Hospital — 11058 US-70 BUS, Clayton, NC 27520
    • Dr. Curtis Smith — 11058 US-70 BUS, Clayton, NC 27520

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.470263
    Latitude
    35.642415

    Nearby Similar for Sale

    • $78,999

      Clayton Office Space For Sale

      Prime location office space in Clayton, North Carolina.
      201 Winding Wood Drive, Clayton, NC 27520
      View Details
    • $1,500,000
      10,010 SF

      Versatile Commercial Building in Clayton, NC

      9,489 sq ft commercial building on 0.85 acres for sale.
      100 Cunningham Lane, Clayton, NC 27527
      View Details
    • $275,000
      1,104 SF

      Ranch Duplex in Flowers Plantation

      Move-in ready duplex with sunroom, private yard, and great location.
      3618 E Cotton Gin Drive, Clayton, NC 27527
      View Details
    • $5,000,001
      7,040 SF

      Highway 70 Commercial Corner Lot

      8.84 AC corner lot suitable for various commercial uses.
      5562 W Highway 70 Business, Clayton, NC 27520
      View Details
    • $350
      20,000 SF

      Medical Office Building Near Downtown

      Two-story medical office building near downtown Clayton for sale.
      890 S Lombard, Clayton, NC 27520
      View Details
    • $5,024,000
      6,259 SF

      New Construction Corporate Leased Retail

      New construction retail property with two corporate leases.
      12071 Clayton Blvd, Clayton, NC 27520
      View Details
    • $269,990
      1,603 SF

      Townhome Near Waterfront District

      Three-bedroom townhome in desirable neighborhood near dining and shopping.
      307 Whitley Ridge Drive, Clayton, NC 27527
      View Details
    • $28
      70,000 SF

      Medical Park Development Opportunity

      Medical park buildings for sale with highway visibility.
      2003 Hwy 42 West, Clayton, NC 27520
      View Details
    • $256,990
      1,386 SF

      New Three-Bedroom Home in Clayton

      Three-bedroom home with modern amenities and community features in Clayton.
      102 N Chubb Ridge, Clayton, NC 27520
      View Details
    • $256,990
      1,386 SF

      New 3-Bedroom Home in Clayton

      Open-concept 3-bedroom home with modern amenities and community features.
      108 N Chubb Ridge, Clayton, NC 27520
      View Details
    • $5,000,001
      7,040 SF

      Highway 70 Business Corner Lot

      8.84 AC corner lot suitable for various commercial uses.
      5562 W Highway 70 Business Highway, Clayton, NC 27520
      View Details
    • $78,999

      Prime Location Commercial Property

      Located off Hwy 42 and near Hwy 70.
      201 Winding Wood Dr, Clayton, NC 27520
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical office building near downtown Clayton, North Carolina.
    Where is this medical office space located?
    The property is located at 890 S Lombard St Clayton, NC.
    What are key features of this property?
    This property features: New two‑story brick medical office building.; Located near downtown Clayton.; Proximity to NC 42/S Lombard Street and Highway Business 70.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Gaylord
    Real Estate License ID: NC 233161
    Learn More
    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.
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    890 S Lombard St, Clayton, NC 27520
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!