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    1006 Broad St Oriental, NC 28571
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    1006 Broad St Oriental, NC 28571

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    • Fitness centers & gyms
    • 12,000 SF
    For Sale
    $1,275,000
    View Listing →
    Established Fitness Facility with Pool For Sale
    $1,275,000
    12,000 SF

    Established Fitness Facility with Pool

    Turnkey health and fitness facility with pool in Oriental, NC.

    1006 Broad St, Oriental, NC 28571
    View Listing
    Property ID
    US53-5068069
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Village Health & Fitness & Physical Therapy / Gym & Fitness Center
    • Oriental Physical Therpy / Physician
    • Jennifer Smart / Physician
    • Lisa Piper / Physician

    Property Details for 1006 Broad St

    Year built
    1987
    Property size
    12,000 SF
    Property type
    Fitness centers & gyms
    Property subtype
    Healthcare properties

    Description

    Unique opportunity to acquire a well-established, scalable health and fitness facility, complete with Physical Therapy, Gym and indoor pool located in the charming waterfront village of Oriental, NC. This turnkey business has been a thriving center of the community for 23 years and boasts a strong local clientele. The 12,000 square foot building (7,800 air conditioned) sits on 1.27 acres and features ample on-site parking and excellent visibility on NC-55 / Broad St. The current owners are willing to assist with a smooth transition and seller financing is available to qualified buyers. This is a rare opportunity to own a thriving business in a desirable coastal location. The asking price is $1,275,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oriental
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.6915488
    Latitude
    35.0340957

    Comparable in this City

    • New
      $215,900
      37.20 Acres

      37+ Acres Ready to Connect

      37+ acres with utilities ready for connection in Oriental, NC.
      White Farm Rd, Oriental, NC 28571
      View Details
    • $269,000
      0.93 Acres

      Waterfront Land in Oriental, NC

      0.93 acre waterfront land with access to Intracoastal Waterway.
      1210 Neuse Dr, Oriental, NC 28571
      View Details
    • $225,000
      2.30 Acres

      Waterfront Land in River Dunes

      2.3 acre waterfront lot in award-winning River Dunes community.
      428 Ballast Pt, Oriental, NC 28571
      View Details
    • $269,000
      0.43 Acres

      Waterfront Land in Oriental, NC

      Waterfront land with access to Neuse River and Intracoastal.
      1238 Neuse Dr, Oriental, NC 28571
      View Details
    • $769,000
      4,007 SF

      Waterfront Oriental Property: Prime Location

      Exceptional waterfront property, 4,007 sq ft, 1.09 acres.
      518 Water St, Oriental, NC 28571
      View Details
    • $4,990,000
      2.06 Acres

      Riverfront Redevelopment Opportunity

      Historic waterfront village, mixed-use potential.
      301 Hodges St, Oriental, NC 28571
      View Details

    Similar Nearby for Sale

    • New
      $215,900
      37.20 Acres

      37+ Acres Ready to Connect

      37+ acres with utilities ready for connection in Oriental, NC.
      White Farm Rd, Oriental, NC 28571
      View Details
    • $269,000
      0.93 Acres

      Waterfront Land in Oriental, NC

      0.93 acre waterfront land with access to Intracoastal Waterway.
      1210 Neuse Dr, Oriental, NC 28571
      View Details
    • $225,000
      2.30 Acres

      Waterfront Land in River Dunes

      2.3 acre waterfront lot in award-winning River Dunes community.
      428 Ballast Pt, Oriental, NC 28571
      View Details
    • $269,000
      0.43 Acres

      Waterfront Land in Oriental, NC

      Waterfront land with access to Neuse River and Intracoastal.
      1238 Neuse Dr, Oriental, NC 28571
      View Details
    • $769,000
      4,007 SF

      Waterfront Oriental Property: Prime Location

      Exceptional waterfront property, 4,007 sq ft, 1.09 acres.
      518 Water St, Oriental, NC 28571
      View Details
    • $4,990,000
      2.06 Acres

      Riverfront Redevelopment Opportunity

      Historic waterfront village, mixed-use potential.
      301 Hodges St, Oriental, NC 28571
      View Details
    View Listing
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    1006 Broad St
    Oriental, NC 28571
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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.

    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
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