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    Property profile & analytics

    305 Medical Arts Dr Edenton, NC 27932

    • Medical offices
    • 4,031 SF
    • 1.27 lot acres
    For Sale
    View listing
    $190,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-4659242
    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

    • Medical offices

    Property Details for 305 Medical Arts Dr

    Year built
    2021
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.27 lot acres
    Property size
    4,031 SF
    Zone code
    MA
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    780500434216
    APU
    780500434216

    Description

    This exceptional 1-acre commercial lot, located at 305 Medical Arts Drive in Edenton, North Carolina (Chowan County, zip code 27932), presents a unique investment opportunity. Priced at $190,000 (recently reduced by $39,000!), this property boasts a desirable cul-de-sac location with 500 feet of road frontage. Its strategic position offers excellent visibility and accessibility, situated near prominent medical facilities including Davita and Vidant Hospital, as well as a shopping center and other medical offices. The property is conveniently located near the Highway 17 Bypass, ensuring easy access for patients and employees. The lot is zoned for Medical Arts use, making it ideal for a variety of healthcare-related businesses. Adding to its appeal, the sellers are open to building to suit a credit tenant offering a long-term lease, providing flexibility and potential for significant return on investment. The total area encompasses 55,321 square feet, offering ample space for development. This is a rare opportunity to acquire a prime commercial lot in a thriving medical district. Don't miss out on this exceptional investment prospect.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edenton
    County
    Chowan
    State
    North Carolina
    Longitude
    -76.616
    Latitude
    36.0714

    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
    $8,544
    $85,125
    $695,173
    $780,298
    -
    $85,125
    $695,173
    $780,298

    Comparable in this City

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      701 Broad St

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      105 Mark Dr

      MEDICAL BUILDING • 4,726 SF
      105 Mark Dr, Edenton, NC 27932-1704
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      2,567 SF

      410 Broad St

      MEDICAL BUILDING • 2,567 SF
      410 Broad St, Edenton, NC 27932-1906
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      101 Mark Dr

      MEDICAL BUILDING • 10,354 SF
      101 Mark Dr, Edenton, NC 27932-1778
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    • Value Estimation by Request
      11,508 SF

      203 Earnhart Dr

      MEDICAL BUILDING • 11,508 SF
      203 Earnhart Dr, Edenton, NC 27932-8401
      View Details

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    305 Medical Arts Dr
    Edenton, NC 27932
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    Realmo Value Estimation

    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.

    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.

    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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