130 Turnberry WayPinehurst, NC 28374

Property Details for 130 Turnberry Way

Year built

2000

Lot size

1.27 AC

Zone code

OS

Property type

Office buildings

APN

39776

APU

39776

Description

This exceptional two-story, 7,910 square foot office building in Pinehurst, NC's Turnberry Wood Office Park is available for sale. The property, built in 1985 and situated on 1.27 acres (APN 00039779), features a welcoming main floor with a reception area, nine private offices, two conference rooms, an open workspace with cubicles, three restrooms, and two kitchenettes. Upstairs, you'll find four additional private offices and another open workspace. A climate-controlled basement is ideal for IT infrastructure or record storage. Ample parking is provided. Recent updates include a roof replacement in 2015. The building is zoned OS - Office Services and is currently vacant. The asking price is $1,900,000, translating to $240.20 per square foot. Furniture is negotiable. The property's location offers proximity to various businesses, including medical practices, legal offices, and financial institutions. This owner-user opportunity presents a compelling investment in a thriving North Carolina community. The single-unit building offers a versatile layout suitable for a variety of professional uses.

• CAP approach

  CAP return

  Valuation

  6%

  $16,226,400

  6.5%

  $14,978,200

  7%

  $13,908,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,641,400

  Geo Method

  $12,698,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $29,035,000

  Retail / Commercial

  $14,977,800

  Mixed-Use / Specialty

  $14,994,400

  Hospitality / Lodging

  $11,092,000

  Institutional / Educational

  $15,613,100

  Residential Income

  $18,267,400

  Multifamily

  $21,521,000

  Automotive / Energy

  $13,382,700

  Parking / Income-Based Land

  $4,549,070

  Restaurant / Food Service

  $7,948,020

  Healthcare / Senior Housing

  $15,304,700

Location Insight

City

Pinehurst

County

Moore

State

North Carolina

Latitude

35.1776

Longitude

-79.434

CBSA code

38240

CBSA name

PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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