Property profile

1503 Rd St Elizabeth City, NC 27909

OFF-MARKET
Medical Office Space
Property ID
US53-4194104
2.18 ac lot Built 2002
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A medical office building, located at 1503 N Road St, Elizabeth City, NC 27909, presents a unique leasing opportunity. The property, built in 2002, encompasses 21,387 square feet across two stories and sits on a 2.18-acre lot. The building features one elevator and is currently configured as a multi-tenant facility with two suites. A significant portion of the building, totaling 6,068 square feet, is currently vacant and available for lease. This space offers flexibility, with minimum divisible space of 1,550 square feet and a maximum contiguous space of 6,068 square feet, accommodating a range of medical practices. The building's previous tenant was Virginia Oncology Associates, highlighting its suitability for various medical specialties. The property's prime location in Elizabeth City, North Carolina, offers excellent visibility and accessibility for patients and staff. This is an ideal opportunity for healthcare providers seeking modern, well-maintained office space in a thriving community. The building's amenities include ample parking and a convenient location. Interested parties should inquire about lease terms and availability.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Construction FRAME
Lot 2.18 ac (94,787 SF)
Zoning code GB
APN 891503424310
UPID US53-4194104

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ophthalmologist
  • Physician
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist

Location

1503 Rd St Elizabeth City, NC 27909-3243
Elizabeth City metro Census 960502 ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.40M

Owner & transaction history

since 2021
Last sale
$1.3M
5 recorded transactions
2021
$1.3M
2020
$6.5M
2016
Price N/A
2016
Price N/A
2016
Price N/A

Zoning & alternative use

GB · Elizabeth City, NC
Zoning description

The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also pe…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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