Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2003 Nc-42 Clayton, NC 27520
    Back to Search
    Property profile & analytics

    2003 Nc-42 Clayton, NC 27520

    View on Map
    • Office properties & Spaces
    • 70,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2003 Nc-42

    Property size
    70,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional Class A office property, HealthPark at Forty Two West, located at 2003 NC-42 in Clayton, North Carolina (zip code 27520), offers a variety of flexible office spaces ideal for businesses of all sizes. The property consists of five buildings, each single-story, totaling 70,000 square feet. Currently, there are three suites available, ranging from a minimum of 3,629 square feet to a maximum contiguous space of 20,000 square feet, with a total of 33,629 square feet currently vacant. The property is categorized as a Traditional Office, Executive Office, and Medical Office space, making it suitable for a diverse range of professional uses. The property boasts ample parking, with a ratio of five spaces per 1,000 square feet. Located in Johnston County, this prime location offers easy access to major transportation routes. While elevators are not available, the single-story design ensures convenient access to all areas. This is a multi-tenant building offering a unique opportunity to establish your business in a thriving community. Contact us today to learn more about leasing options and explore the possibilities of making HealthPark at Forty Two West your new business address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.5015
    Latitude
    35.6294

    Comparable in this City

    • Value Estimation by Request
      70,000 SF

      Hwy 42

      Medical Office Space • 70,000 SF
      0 Hwy 42, Clayton, NC 27520
      View Details
    • Value Estimation by Request
      20,000 SF

      890 Lombard St

      Medical Office Space • 20,000 SF
      890 Lombard St, Clayton, NC 27520
      View Details
    • Value Estimation by Request
      20,000 SF

      890 Lombard St

      Medical Office Space • 20,000 SF
      890 Lombard St, Clayton, NC 27520
      View Details
    • Value Estimation by Request
      3,500 SF

      600 Nc-42

      Medical Office Space • 3,500 SF
      600 Nc-42, Clayton, NC 27520
      View Details
    • Value Estimation by Request
      3,448 SF

      452 Shotwell Rd

      MEDICAL BUILDING • 3,448 SF
      452 Shotwell Rd, Clayton, NC 27520-7397
      View Details
    • Value Estimation by Request
      1,400 SF

      105 Ellington St

      MEDICAL BUILDING • 1,400 SF
      105 Ellington St, Clayton, NC 27520-2305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70,000 SF

      Medical Park Development Opportunity

      Medical park buildings for sale with highway visibility.
      2003 Hwy 42 West, Clayton, NC 27520
      View Details
    • Contact for pricing

      Medical Office Building Near Downtown

      Two-story medical office building near downtown Clayton for sale.
      890 S Lombard St, Clayton, NC 27520
      View Details
    • Contact for pricing
      20,000 SF

      Medical Office Building For Sale

      Two-story medical office building near downtown Clayton, North Carolina.
      890 S Lombard St, Clayton, NC 27520
      View Details
    • $180,000
      0.48 Acres

      Clayton, NC Commercial Corner Lot

      Corner lot zoned for office and institutional use in Clayton.
      200 Winding Wood Dr, Clayton, NC 27520
      View Details
    • Contact for pricing

      Prime Location Commercial Property

      Located off Hwy 42 and near Hwy 70.
      201 Winding Wood Dr, Clayton, NC 27520
      View Details
    • $78,999
      0.25 Acres

      Clayton Office Space For Sale

      Prime location office space in Clayton, North Carolina.
      201 Winding Wood Dr, Clayton, NC 27520
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Building Near Downtown

      Two-story medical office building near downtown Clayton available for lease.
      890 S Lombard St, Clayton, NC 27520
      View Details
    • $30 SF/Yr

      Medical Office Space in Clayton

      Class A medical office space available for lease in Clayton.
      166 Springbrook Ave, Clayton, NC 27520
      View Details
    • Contact for pricing

      Medical Office Building Near Downtown

      Two-story medical office building with ground-level entries near downtown.
      890 S Lombard St, Clayton, NC 27520
      View Details
    • $29 SF/Yr

      Medical Office Space For Lease

      Medical office space available near Johnston UNC Health Clayton Hospital.
      29 Healthpark Way, Clayton, NC 27520
      View Details
    • Contact for pricing

      NC Highway 42 Land Lease

      Land available for lease on NC Highway 42.
      2364 Nc Highway 42, Clayton, NC 27520
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial real estate available for lease in Clayton, North Carolina.
      2003 Nc-42, Clayton, NC 27520
      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.
    2003 Nc-42
    Clayton, NC 27520
    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
    2003 Nc-42, 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!