800 Park StWilliamston, NC 27892

Property Details for 800 Park St

Lot size

0.63 AC

Zone code

M1

Property type

Healthcare properties

Property subtype

Medical offices

APN

504669

APU

504669

Description

This exceptional investment opportunity presents a single-tenant, 4,164 square foot medical office building in Williamston, NC. The property, located at 800 Park St, boasts a strong 7.51% cap rate and a 10-year net lease with Affinity Health Partners, LLC, commencing May 1, 2024, and expiring April 30, 2034. The lease includes two 5-year renewal options and features 3% annual rent escalations. The building, constructed in 1992 and renovated in 2020, comprises two suites (approximately 1,200 and 2,950 square feet) and sits on a 0.63-acre lot zoned M1. The asking price is $610,000, translating to $146.49 per square foot. Landlord responsibilities are limited to roof and structural maintenance. The property enjoys a prime location near Highway 17, offering excellent visibility and proximity to major retailers like Belk, Food Lion, and AutoZone. Currently 100% occupied, this investment offers exceptional stability and growth potential. The Net Operating Income (NOI) is $45,804. This is a turnkey investment with a secure, long-term lease and built-in rent growth.

• CAP approach

  CAP return

  Valuation

  6%

  $5,052,088

  6.5%

  $4,663,466

  7%

  $4,330,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,056,048

  Geo Method

  $6,250,374

• Alternative Use

  Use

  Valuation

  Residential

  $5,782,698

  Hospitality

  $5,296,920

  Educational

  $4,406,976

  Medical

  $4,558,538

  Retail

  $6,855,296

Location Insight

City

Williamston

County

Martin

State

North Carolina

Latitude

35.8474

Longitude

-77.0486

Property Tax & Assessments

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