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1505 E Ash St 2,182 SF 8% Leased Office Building Goldsboro, NC 27530 $345,900 ($158.52/SF) 10.41% Cap Rate
Investment Highlights
- Large Reception area
- Full bathroom and 1/2 bath upstairs
- 9 Spacious offices, 6 offices 1st floor / 3 offices 2nd floor
Executive Summary
Well-maintained stand-alone brick office building featuring nine private offices and a large reception area ideal for professional, medical, or administrative use. The property offers on-site parking with a small rear parking lit plus two front parking spaces, all accessible via a shared driveway for easy ingress and egress. Solid brick construction, efficient layout, and strong street presence make this a versatile space ready for immediate occupancy. Perfect for businesses seeking a private, self-contained office setting in a convenient location.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$75,600
|
$34.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$700
|
$0.32
|
| Effective Gross Income |
$74,900
|
$34.33
|
| Taxes |
$2,198
|
$1.01
|
| Operating Expenses |
$11,246
|
$5.15
|
| Total Expenses |
$13,444
|
$6.16
|
| Net Operating Income |
$61,456
|
$28.16
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $75,600 |
| Annual Per SF | $34.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $700 |
| Annual Per SF | $0.32 |
| Effective Gross Income | |
|---|---|
| Annual | $74,900 |
| Annual Per SF | $34.33 |
| Taxes | |
|---|---|
| Annual | $2,198 |
| Annual Per SF | $1.01 |
| Operating Expenses | |
|---|---|
| Annual | $11,246 |
| Annual Per SF | $5.15 |
| Total Expenses | |
|---|---|
| Annual | $13,444 |
| Annual Per SF | $6.16 |
| Net Operating Income | |
|---|---|
| Annual | $61,456 |
| Annual Per SF | $28.16 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
2,182 SF
Building Class
C
Year Built
1946
Price
$345,900
Price Per SF
$158.52
Cap Rate
10.41%
NOI
$36,000
Percent Leased
8%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,091 SF
Building FAR
0.21
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
O&I - Permitted uses are professional offices or business offices, institutional uses and other non-retail office-type uses. I.E. Lawyer, real estate, etc.
Parking
9 Spaces (6 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1st Choice Associates, LLC
1505 E Ash St
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