102 Northside ParkElizabeth City, NC 27909

Property Details for 102 Northside Park

Year built

2011

Construction

WOOD

Lot size

1.65 AC

Zone code

C-1

Property type

Medical offices

Property subtype

Medical centers

APN

8905 856640

APU

8905856640

Description

This exceptional Class A medical office building, located at 102 Northside Park in Elizabeth City, North Carolina, presents a unique investment opportunity. Boasting 8,974 square feet on a 1.654-acre lot, this 2011-constructed building is zoned C-1 and offers ample parking with 62 spaces (a 7.5 per 1000 sq ft ratio). The property features a comprehensive layout ideal for medical practices, including three operating/procedure rooms, five exam rooms, six patient rooms, two physician offices, two reception/waiting areas, two nurses' stations, a physician's office, a manager's office, a kitchen, a laundry/medical waste room, a clean storage room, and a covered entrance with a convenient drop-off area. The building is equipped with a building-wide music system, three-phase electric, and 10-foot ceilings. A newer Trane HVAC system ensures efficient climate control. Its strategic location provides easy access to Sentara Albemarle Medical Center, East Carolina University, the downtown district, and Elizabeth City Regional Airport, making it an attractive option for both medical professionals and investors. The asking price is $749,000, translating to $83.46 per square foot. This property offers a compelling combination of functionality, location, and modern amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $13,367,347

  6.5%

  $12,339,090

  7%

  $11,457,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,086,014

  Geo Method

  $12,032,736

• Alternative Use

  Use

  Valuation

  Residential

  $15,300,471

  Hospitality

  $14,015,149

  Educational

  $11,660,440

  Medical

  $12,061,460

  Retail

  $18,138,462

Location Insight

City

Elizabeth City

County

Pasquotank

State

North Carolina

Latitude

36.3448

Longitude

-76.2542

CBSA code

21020

CBSA name

ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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