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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7 Duncan St Lillington, NC 27546

    • Office Properties & Spaces
    • 6,497 SF
    • 0.92 lot acres
    For Sale
    View listing
    $1,495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3647860
    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

    • Lillington Medical Services - Duncan Street / Medical Center
    • Briggs John L MD / Family Practice Physician
    • Olivia Perry / Nurse Practitioner
    • Melissa Beitzel / General Practitioner / Physician Assistant
    • Bruce E. Mckay, PA / Doctor

    Property Details for 7 Duncan St

    Year built
    1999
    Lot size
    0.92 lot acres
    Property size
    6,497 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 6,497 square foot medical office building presents a compelling investment opportunity in Lillington, North Carolina. Situated on a sizable 0.92-acre lot, the property boasts ample parking for staff and patients. The interior layout is well-designed and functional, featuring 25 individual offices or exam rooms, providing flexibility for a variety of medical practices. Eight bathrooms and two kitchenettes ensure convenience for both staff and patients. A large reception and waiting area creates a welcoming and efficient patient flow. Currently, the property benefits from a secure, six-year lease with a credit-worthy tenant, providing immediate and consistent cash flow. The lease includes a favorable option for a five-year renewal, offering long-term stability and predictable income. The monthly base rent is $8,368, translating to a competitive $15.69 per square foot. Annual rent increases are built into the lease, protecting against inflation and ensuring growing returns on investment. This property offers a rare combination of size, location, and secure tenancy, making it an ideal acquisition for investors seeking a stable and appreciating asset in the thriving healthcare sector. The ample parking and convenient location further enhance its appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lillington
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.81339
    Latitude
    35.40427

    Comparable in this City

    • $475,000
      3,240 SF

      Lillington Medical Office Building

      Prime Downtown Location, 3,240 SF
      407 Front St, Lillington, NC 27546
      View Details
    • Contact for pricing
      820.00 Acres

      Capeton: 820-Acre Master Plan

      Prime NC Retail/Restaurant Opportunity
      0 Us-421, Lillington, NC 27546
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    • $225,000
      1,285 SF

      Lillington Office Building - Prime Location

      Downtown Lillington Office, High Visibility
      209 Front St, Lillington, NC 27546
      View Details
    • $1,495,000
      6,497 SF

      Prime Medical Office Building in Lillington, NC

      Spacious medical office with strong lease in place.
      7 Duncan St, Lillington, NC 27546
      View Details
    • $325,000
      Pending

      Operational Chicken Farm on 10 Acres

      Operational chicken farm on 10 acres near Lillington, North Carolina.
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    • $395,000
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      Land For Sale, Lillington, NC

      2.65 acre tract on Hwy 210 North of Lillington.
      N Nc Hwy 210, Lillington, NC 27546
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    Similar Nearby for Sale

    • $475,000
      3,240 SF

      Lillington Medical Office Building

      Prime Downtown Location, 3,240 SF
      407 Front St, Lillington, NC 27546
      View Details
    • $1,495,000
      6,497 SF

      Prime Medical Office Building in Lillington, NC

      Spacious medical office with strong lease in place.
      7 Duncan St, Lillington, NC 27546
      View Details
    • Contact for pricing
      820.00 Acres

      Capeton: 820-Acre Master Plan

      Prime NC Retail/Restaurant Opportunity
      0 Us-421, Lillington, NC 27546
      View Details
    • $225,000
      1,285 SF

      Lillington Office Building - Prime Location

      Downtown Lillington Office, High Visibility
      209 Front St, Lillington, NC 27546
      View Details
    • Contact for pricing
      1.10 Acres

      Capeton Retail Outparcel Opportunity

      High-Visibility Retail Space in Lillington, NC
      0 Us-421, Lillington, NC 27546
      View Details
    • $249,900
      1.00 Acre

      Lillington Commercial Land Opportunity

      One-acre lot, prime commercial location.
      2 8Th St, Lillington, NC 27546
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
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    • $1,500 /Mo
      1,863 SF

      Renovated Commercial Space, Lillington, NC

      Newly renovated commercial property in Downtown Lillington, steps from local amenities.
      1007 S Main St, Lillington, NC 27546
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    7 Duncan St
    Lillington, NC 27546
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    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
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