Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1704 Wayne Memorial Dr Goldsboro, NC 27534-2240

    • Medical offices
    • 6,994 SF
    • 1.66 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2020
    $2,086,000
    Value Estimations
    $2,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4778386
    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.

    Current Use by Public Records

    • DaVita Goldsboro South Dialysis / Medical Clinic
    • Ajay I. Shreenath, M.D. / Physician / Medical Clinic
    • Ajay Iyenger Shreenath / Physician / Medical Clinic

    Property Details for 1704 Wayne Memorial Dr

    Year built
    1996
    Construction
    WOOD
    Lot size
    1.66 lot acres
    Property size
    6,994 SF
    Zone code
    O&I
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    3509695461
    APU
    3509695461

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,040,000
      ML approach
      $2,515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.9713
    Latitude
    35.3926
    CBSA code
    24140
    CBSA name
    GOLDSBORO, 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
    2023
    $10,324
    $74,700
    $626,450
    $701,150
    -
    $74,700
    $626,450
    $701,150

    Comparable in this City

    • Value Estimation by Request
      8,861 SF

      1108 Pkwy Dr

      MEDICAL BUILDING • 8,861 SF
      1108 Pkwy Dr, Goldsboro, NC 27534-9429
      View Details
    • Value Estimation by Request
      9,606 SF

      102 Handley Park Ct

      MEDICAL BUILDING • 9,606 SF
      102 Handley Park Ct, Goldsboro, NC 27534-1768
      View Details
    • Value Estimation by Request
      8,753 SF

      2705 Medical Ofc Pl

      MEDICAL BUILDING • 8,753 SF
      2705 Medical Ofc Pl, Goldsboro, NC 27534-9458
      View Details
    • Value Estimation by Request
      9,884 SF

      2707 Medical Ofc Pl

      MEDICAL BUILDING • 9,884 SF
      2707 Medical Ofc Pl, Goldsboro, NC 27534-9458
      View Details
    • Value Estimation by Request
      4,815 SF

      201 Cox Blvd

      MEDICAL BUILDING • 4,815 SF
      201 Cox Blvd, Goldsboro, NC 27534-9479
      View Details
    • Value Estimation by Request
      6,187 SF

      Gracie Pl

      MEDICAL BUILDING • 6,187 SF
      Gracie Pl, Goldsboro, NC 27534
      View Details

    Similar Nearby for Sale

    • $475,000
      2,096 SF

      Goldsboro Medical Office Building

      Vacant Suite, Excellent Investment
      2400 Wayne Memorial Dr, Goldsboro, NC 27534
      View Details
    • $350,000
      1,303 SF

      Goldsboro Medical Office Building

      Profitable Medical Office, Excellent Location
      2400 Wayne Memorial Dr, Goldsboro, NC 27534
      View Details
    • $1,499,000
      7,000 SF

      Goldsboro Medical Office Building

      Prime Medical Office Space - Vacant, NNN Lease
      2704 Medical Office Pl, Goldsboro, NC 27534
      View Details
    • $1,250,000
      8,000 SF

      HAMM-BRANTLY Office Building

      Goldsboro, NC Office Investment Opportunity
      0 Parkway Dr, Goldsboro, NC 27534
      View Details
    • $399,999
      12.46 Acres

      Goldsboro Investment Land For Sale

      12.46 acre Goldsboro land tract zoned R-12.
      1 Gra-Lan Dr, Goldsboro, NC 27534
      View Details
    • $50,000
      0.48 Acres

      Goldsboro Land For Sale

      Residential land available in Goldsboro, North Carolina.
      102 Harris Ct, Goldsboro, NC 27534
      View Details

    Similar Nearby for Lease

    • $240 SF/Yr
      2,096 SF

      Prime Medical Office Suite B

      Single-tenant medical office, 2,096 sq ft.
      2400 Wayne Memorial Dr, Goldsboro, NC 27534
      View Details
    • $3,500 /Mo
      1,440 SF

      Medical Office Space For Lease

      Medical office space with private entrance in Goldsboro, North Carolina.
      1402 Wayne Memorial Dr, Goldsboro, NC 27534
      View Details
    • $3,500 /Mo
      2,096 SF

      Wayne Medical Pavilion Office Space

      Office space for lease in Wayne Medical Pavilion, Goldsboro, NC.
      2400 Wayne Memorial Dr Unit, Goldsboro, NC 27534
      View Details
    • New
      $7,500 /Mo
      5,015 SF

      Medical Office For Lease

      Medical office space available for lease near UNC Health Wayne.
      2709 Medical Office Pl, Goldsboro, NC 27534
      View Details
    • Contact for pricing

      Retail Space in Goldsboro, NC

      Located on a major commercial corridor near national retailers.
      Goldsboro, NC 27534
      View Details
    • $62 SF/Yr
      20,503 SF

      Goldsboro Creative Office Space

      Modern renovated office suites available.
      201 Spence Ave, Goldsboro, NC 27534
      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.
    1704 Wayne Memorial Dr
    Goldsboro, NC 27534-2240
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!