Medical Office Suite with Private
For Sale
$199,750
F-2902 Central Heights Rd, Goldsboro, NC 27534
Dedicated medical office suite with controlled HVAC, private restroom, and paved parking immediately outside the unit.
Property Size703 SF
Price / SF$284.14
Days on Market10
Property Features for F-2902 Central Heights Rd
General Information
Standard status
Active
Size
703 SF
Amenities
private entrance
private restroom
fire-rated demising walls
drywall interiors
suspended insulated ceilings
split-system central heat and air
Building Details
Construction
steel frame
Tenancy
Multi
Listing Agency:
Keller Williams Realty Points East
(252) 355-6000
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Source:
Exprealty
Added: Aug 27
Changed: Sep 3
Last Checked: Sep 4 at 9:05AM
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 Keller Williams Realty Points East
Investment Insights
Based on property information with market context.
Unit F is a 703-square-foot medical office suite with a private entrance and its own restroom. Fire-rated demising walls separate the space from neighboring suites, while drywall interiors and suspended insulated ceilings provide a finished office environment. Steel-frame construction and split-system central heat and air complete the core improvements, with HVAC controls serving the unit directly.
Paved asphalt parking is located in front of the suite for convenient access. The property is currently used as a medical office. Unit F is offered individually within a building where Units B-F are being sold separately. Buyers should confirm zoning and intended use with the City of Goldsboro Planning Department.
Paved asphalt parking is located in front of the suite for convenient access. The property is currently used as a medical office. Unit F is offered individually within a building where Units B-F are being sold separately. Buyers should confirm zoning and intended use with the City of Goldsboro Planning Department.
Key Highlights
- 703 SF medical office suite
- Private entrance and dedicated restroom
- Fire‑rated demising walls between neighboring suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,156
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$183,120
$183.1K
Cap Rate 7%
$130,800
$130.8K
Cap Rate 9%
$101,733
$101.7K
Market Conditions
NOI Build-Up for 703 SF
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.
Gross rent
$15.2K $21.60/SF
− Vacancy
−$3.0K −$4.23/SF
EGI
$12.2K $17.37/SF
− OpEx
−$3.1K −$4.34/SF
NOI
$9.2K $13.02/SF
Area
Wayne County, NC
Vacancy
19.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$183,120
Cap Rate 7%
$130,800
Cap Rate 9%
$101,733
Alternative Uses
Best Use
Healthcare Medical
$400.2K
$350.1K – $466.9K
NOI $28,011 @ 7.0% cap · market cap 14.02%
Second Best
Office B
$130.8K
$114.5K – $152.6K
NOI $9,156 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$565.2K
$494.5K – $659.4K
NOI $39,563 @ 7.0% cap · market cap 19.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27534, NC
30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Dedicated medical office suite with controlled HVAC, private restroom, and paved parking immediately outside the unit.
Where is this medical office space located?
The property is located at F-2902 Central Heights Rd Goldsboro, NC.
What is the asking price?
The asking price for this property is $199,750.
What are key features of this property?
This property features: 703 SF medical office suite; Private entrance and dedicated restroom; Fire‑rated demising walls between neighboring suites
