Listed by Foundations Commercial Real Estate
$2,150,000
1220 Biltmore Drive
Details
Property Type Office
Sub Type Medical Office
Square Footage 9,545
Cap Rate 7.08%
NOI $152,147
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2029
Rent Bumps Yes
Pro-Forma Cap Rate 7.60%
Class B
Year Built 2006
Buildings 1
Stories 1
Lot Size (SqFt) 60,000
Zoning IBP
Tenant Credit Credit Rated
A prime investment or owner-user opportunity is available in West Lawrence.
Marketing description
This free-standing medical office building is now available for sale in West Lawrence. The space includes ADA accessibility and features a large lobby and reception area, two patient restrooms, 18 exam rooms, two nurse stations, and two break areas. Additionally, there is a spacious lab, an X-ray room, a procedure room, a lab with an adjoining restroom, two staff restrooms, and six provider offices.
Investment highlights
- 9,545 SF building
- 60,000 SF Lot
- Sale Price: $2,150,000
- 7% Cap Rate
- NNN Lease through 12/31/2029
- IBP Zoning
- Built in 2006
Listing Contacts
Listed by Foundations Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,147.00
$12,678.92/mo
Valuation Metrics
0
DSCR
7.08%
Cap Rate
7.08%
ROI
Map
Zoning
IBP MixedMixed UseIndustrial Business Park
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View all 134 uses Last updated Jun 3, 2026 For deeper zoning details, reports are available at Zoneomics
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