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    FOR SALE
    Medical Office Space

    42 Park Pl 14, Brevard, NC 28712

    5,794 SF 0.18 ac lot Built 2019
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-3393556
    Property summary
    AI-generated overview

    This exceptional 0.2-acre commercial lot at 42 Park Place Unit 14, Brevard, NC, presents a unique opportunity for immediate development. Architectural plans for a 2744 square foot office building are already complete, eliminating the design phase and expediting the construction process. The property boasts unparalleled visibility, situated on a corner lot at the entrance to Straus Park, Brevard's premier commercial and residential community. All utilities are readily available, including high-speed internet, natural gas, power, water, sewer, storm water, and telephone service. The lot is conveniently located within walking distance of hospitals, doctor's offices, banks, financial institutions, and other professional services. The site offers level building areas, despite a slight incline from the road, and includes existing paved parking. The building design allows for either single-level or multi-level construction. Given its prime location and comprehensive planning, this property is ideal for a variety of commercial uses, including medical offices and other professional services. The high visibility and established infrastructure of Straus Park make this an exceptional investment opportunity.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2019
    Total area 5,794 SF
    Lot 0.18 ac (7,841 SF)
    APN 8596-09-2499-000
    UPID US53-3393556
    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
    • Sylvan Valley Dental Dental Office
    • Dempsey Bailey Dental Office
    • Alecia W. Hardy, DDS Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $460k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $606k
    Blend (final) Blend
    $535k
    Owner & transaction history
    Hughes Realty Enterprises LLC · 7 yrs held
    Hughes Realty Enterprises LLC
    since 2019
    4 recorded transactions
    2019
    $107,500
    2018
    $40,000
    2012
    $1.2M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $795,000 +66.6%
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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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