160 Turnberry WayPinehurst, NC 28374

Property Details for 160 Turnberry Way

Lot size

0.91 AC

Zone code

OS

Property type

Land

Property subtype

Commercial land

APN

31626

APU

31626

Description

This exceptional Class A medical office building, situated on a 0.91-acre lot in Pinehurst's Turnberry Wood Business Park, presents a compelling investment opportunity. The property boasts 6,853 square feet across two stories, featuring two units and 32 parking spaces. Currently 100% occupied by two strong medical tenants—Carolina Center for Oral & Facial Surgery (leased in 2022) and Osteo Strong (leased in 2023)—this net-lease investment offers a stable income stream with minimal landlord responsibilities. The building was constructed in 2016 and benefits from a favorable location at the northwest corner of Highway 15-501 and Morganton Road, providing excellent visibility and convenient access to major commercial corridors, schools, residential areas, and Pinehurst's renowned golf courses. The current lease terms are for five years with two five-year renewal options, and include a 3% annual rent bump. The property's Net Operating Income (NOI) is $153,783, resulting in an attractive 6.80% capitalization rate. The asking price is $2,250,000. The property is zoned OS and has a Moore County APN of 857105091757. This investment offers a strong return with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $11,742,668

  Hospitality

  $10,756,221

  Educational

  $8,949,050

  Medical

  $9,256,821

  Retail

  $13,920,744

Location Insight

City

Pinehurst

County

Moore

State

North Carolina

Latitude

35.1774

Longitude

-79.4345

CBSA code

38240

CBSA name

PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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