142 Paraclete DrRaeford, NC 28376

Property Details for 142 Paraclete Dr

Year built

2013

Lot size

1.53 AC

Property size (Sq ft)

19,884 SF

Property type

Medical offices

Property subtype

Medical centers

APN

494660201300

APU

494660201300

Description

The Sky Center, a Class A, three-story office building (19,200 square feet) in Raeford, NC, offers exceptional space for lease. Located at 142 Paraclete Dr (Fayetteville Rd @ Brock Rd), this 2014-built property sits on 1.5 acres and features 72 parking spaces. A fully-equipped, 6,500-square-foot medical office suite is immediately available on the third floor. This space is ideally suited for medical practices, previously housing an orthopedic office. The layout includes nine exam rooms (approx. 9'x11'), two physician offices (10'x11'6"), a large gym (49'x18'), an X-ray room (9'2"x18'6"), an OT treatment room (11'6"x19'), triage rooms, a break room, storage areas, a reception/waiting area, and administrative offices. The building also offers a second-floor shell space (up to 6,500 square feet) that is divisible. The building is zoned HC-Highway Commercial (APN: 494660201300) and includes one elevator. The lease rate for the third-floor medical suite is $25.85 per square foot annually on a NNN basis ($14,000 per month). The property's convenient location near Hwy 401 makes it easily accessible.

• CAP approach

  CAP return

  Valuation

  6%

  $5,106,263

  6.5%

  $4,713,474

  7%

  $4,376,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,686,312

  Geo Method

  $4,564,174

• Alternative Use

  Use

  Valuation

  Residential Income

  $5,844,708

  Hospitality / Lodging

  $5,353,720

  Institutional / Educational

  $4,454,232

  Healthcare / Senior Housing

  $4,607,420

  Retail / Commercial

  $6,928,806

Location Insight

City

Raeford

County

Hoke

State

North Carolina

Latitude

35.0324

Longitude

-79.1082

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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