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    2606 Medical Office Pl Goldsboro, NC 27534

    • Retail properties
    • 6,049 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2606 Medical Office Pl

    Year built
    2024
    Property size
    6,049 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    Exceptional investment opportunity: a brand-new, 6,049 square foot Wawa convenience store and gas station in Goldsboro, North Carolina, is available for purchase. This property boasts a 20-year absolute NNN ground lease with six 5-year renewal options, featuring 10% rent increases every five years during the option periods. The lease commenced December 12, 2024, and expires December 31, 2044, providing significant long-term stability and predictable cash flow. The property enjoys a prime location on Wayne Memorial Drive, experiencing high daily traffic volume exceeding 24,000 vehicles. Its proximity to Wayne Memorial Hospital (over 2,000 employees) and Seymour Johnson Air Force Base (12,000 personnel) ensures consistent customer traffic. The property's strategic placement within a thriving commercial area, near other businesses, shopping centers (Berkeley Mall and Pinewood Square), and Wayne Community College (nearly 3,000 students), further enhances its appeal. The asking price is $6,000,000, with a current NOI of $300,000, resulting in a 5.00% cap rate. The tenant, Wawa, Inc., provides a corporate guarantee, minimizing risk. This is a truly exceptional, low-management investment opportunity, ideal for out-of-area investors seeking a secure, high-return asset. The property was built in 2024.

    Value Estimations

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.9543
    Latitude
    35.4008

    Comparable in this City

    • Value Estimation by Request
      6,049 SF

      2606 Medical Office Pl

      Automotive properties • 6,049 SF
      2606 Medical Office Pl, Goldsboro, NC 27534
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    • Value Estimation
      $1,745,000
      1,647 SF

      606 Berkeley Blvd

      SERVICE STATION (FULL SERVICE) • 1,647 SF
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    • Value Estimation
      $360,000
      2,610 SF

      Spence Ave

      SERVICE STATION (FULL SERVICE) • 2,610 SF
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    • Value Estimation by Request
      1,536 SF

      5614 Us Hwy 70th E

      CONVENIENCE STORE • 1,536 SF
      5614 Us Hwy 70th E, Goldsboro, NC 27534-8150
      View Details
    • Value Estimation
      $4,080,000
      51,688 SF

      1805 Wayne Memorial Dr

      GROCERY, SUPERMARKET • 51,688 SF
      1805 Wayne Memorial Dr, Goldsboro, NC 27534-2241
      View Details
    • Value Estimation
      $295,000
      2,200 SF

      1464 Nc 111th S Hwy

      CONVENIENCE STORE • 2,200 SF
      1464 Nc 111th S Hwy, Goldsboro, NC 27534-6950
      View Details

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      Located on a major commercial corridor near national retailers.
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      Goldsboro Retail Space Available

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    • $240 SF/Yr
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      Prime Medical Office Suite B

      Single-tenant medical office, 2,096 sq ft.
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      Wayne Medical Pavilion Office Space

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      Medical Office Space For Lease

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    Goldsboro, NC 27534
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    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
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