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    1209 SE Industry Dr Oxford, NC 27565
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    Property profile & analytics

    1209 SE Industry Dr, Oxford, NC 27565

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    • Medical Office Space
    • 13,352 SF
    • 2.46 lot acres
    For Sale
    $4,000,000
    View Listing →
    Oxford Industrial/HB Zoned Building For Sale
    $4,000,000
    13,500 SF

    Oxford Industrial/HB Zoned Building

    13,500 SF building on 2.4 acres with expansion plans.

    1209 SE Industry Dr, Oxford, NC 27565
    View Listing
    Property ID
    US53-3490663
    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

    • Oussama Saleh, MD / Physician
    • Hampton J Weldon MD / Physician
    • Maria Parham Women's Care / Medical Clinic
    • Alyson Ringle, CNM, DNP / Midwife
    • Janice A. Martinez, CNM / Midwife

    Property Details for 1209 SE Industry Dr

    Year built
    2014
    Lot size
    2.46 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    193303125913
    APU
    193303125913

    Description

    This exceptional 13,500-square-foot medical office building, located at 1209 SE Industry Drive in Oxford, North Carolina, presents a unique investment opportunity. Built in 2014, the single-tenant property sits on a 2.4-acre lot and boasts a sophisticated design, created by Studio Forty Architects, a Raleigh firm with over 20 years of experience collaborating with Duke Health. The building's architecture provides a welcoming and professional atmosphere, ideal for medical practices. The property is meticulously maintained and features ample parking, ensuring both convenience for patients and excellent visibility for the business. The zoning is a blend of Industrial in the front and HB in the rear, offering flexibility. Situated in Granville County, North Carolina, with a zip code of 27565, this property offers easy access to the local community and surrounding areas. The building's high-quality construction and thoughtful design make it an attractive option for a variety of medical tenants seeking a modern and functional space. This turnkey property is ready for immediate occupancy and presents a strong investment opportunity in a growing market. The property's size, location, and design combine to create a highly desirable medical office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,420,000
      Current use
      OFFICE BUILDING
      $1,440,000
      Change: +2% Conversion: Easy
      RESTAURANT
      $1,440,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $1,375,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,235,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Granville
    State
    North Carolina
    Longitude
    -78.5537
    Latitude
    36.3121
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $21,878
    $73,800
    $2,414,144
    $2,487,944
    -
    $73,800
    $2,414,144
    $2,487,944

    Comparable in this City

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      1620 Williamsboro St

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    • Value Estimation by Request
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      104 Delacroix St

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      111 Industry Dr

      MEDICAL BUILDING
      111 Industry Dr, Oxford, NC 27565-3559
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,500 SF

      Oxford Industrial/HB Zoned Building

      13,500 SF building on 2.4 acres with expansion plans.
      1209 SE Industry Dr, Oxford, NC 27565
      View Details
    • $1,499,000
      100.39 Acres

      Oxford Land with Equestrian Potential

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      Wooded Lot in Established Community

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      $58,000
      1.28 Acres

      Wooded Lot in Granville County

      1.28 acre wooded lot with septic permit for 4-bedroom home.
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      Oxford Commercial Space Available

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      Commercial Property for Lease

      Commercial property available for lease in Oxford, NC.
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    Oxford, NC 27565
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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.

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