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    FOR LEASE
    Medical Office Space

    203 Mocksville Ave, Salisbury, NC 28144

    6,958 SF 1.28 ac lot Built 2001
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US53-1233118
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 203 Mocksville Avenue in Salisbury, North Carolina, presents a unique leasing opportunity. The property boasts a total of 13,575 square feet across a single, two-story building situated on a 1.283-acre lot. Currently, there is 4,694 square feet of vacant space available for lease, ideal for a medical practice seeking expansion or a new tenant looking for a prime location. The building, constructed in 2001, features a multi-tenant configuration with suites available on both the first and second floors. Its convenient location offers unparalleled access to major healthcare facilities. The property is only three blocks from Novant Rowan Medical Center, a 24-hour hospital, and a short five-minute drive from the W.G. Hefner VA Medical Center. This strategic positioning within a cluster of other medical offices ensures high visibility and easy access for patients. The property's APN is 006-133. This is an exceptional opportunity to establish or expand a medical practice in a thriving, well-established medical corridor. The building's Class A designation reflects its high-quality construction and modern amenities. Don't miss this chance to secure a prominent presence in Salisbury's healthcare community. The zip code is 28144.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2001
    Total area 6,958 SF
    Lot 1.28 ac (55,757 SF)
    Zoning code B1
    APN 006 133
    UPID US53-1233118
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Busby & Webb Orthodontics Dental Office
    • Bret Busby Orthodontics Dental Office
    • Dr. Jenny L. Stone, MD Physician Medical Clinic
    • Fort Samuel L MD Physician Medical Clinic
    • Mr. Aaron Wever Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.62M
    Comparable Approach Comparable
    $1.51M
    Blend (final) Blend
    $1.35M
    Owner & transaction history
    Tm Medical Prop Salisbury LP · 8 yrs held
    Tm Medical Prop Salisbury LP
    since 2018
    3 recorded transactions
    2020
    2018
    $3.1M
    1969
    Zoning & alternative use
    B1 · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.0M +3.4%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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