Commercial Land with Public
For Sale
$450,000
100 W Strawberry Boulevard W, Chadbourn, NC 28431
CommercialSale, Chadbourn, NC
Property Size2,500 SF
Price / SF$180
Days on Market162
Property Features for 100 W Strawberry Boulevard W
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C3 - Heavy Commercial
Subdivision
CHADBOURN (NC)
Lot features
One To Two Acres, Cleared, Level
Standard status
Active
APN
025103221287000
Size
2,500 SF
Taxes and HOA fees
Tax Description
Dist 13 CITY/MUNI/TWP CHADBOURN
Legal Description
Dist 13 CITY/MUNI/TWP CHADBOURN
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Building materials
Block
Roof type
Asphalt
Listing Agency:
REALTY ONE GROUP HERITAGE
(910) 738-3731
Listed By:
BRION OXENDINE · License #246798
(910) 740-6690
Added: Mar 26
Changed: Aug 19
Last Checked: Sep 3 at 4:06PM
MLS# 759695
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering is located at 100 W Strawberry Boulevard W in Chadbourn, North Carolina. The property measures 2,500 square feet and is associated with a former convenience-store use. Existing physical details include block construction and an asphalt roof.
Public water and public sewer serve the property. Its Chadbourn location and documented former retail use provide clear context for evaluating the site and its existing improvements.
Public water and public sewer serve the property. Its Chadbourn location and documented former retail use provide clear context for evaluating the site and its existing improvements.
Key Highlights
- 2,500‑square‑foot commercial land property
- Former convenience‑store use
- Block construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,853
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,060
$637.1K
Cap Rate 7%
$455,043
$455.0K
Cap Rate 9%
$353,922
$353.9K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.4K $18.96/SF
− Vacancy
−$4.9K −$1.97/SF
EGI
$42.5K $16.99/SF
− OpEx
−$10.6K −$4.25/SF
NOI
$31.9K $12.74/SF
Area
Columbus County, NC
Vacancy
10.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,060
Cap Rate 7%
$455,043
Cap Rate 9%
$353,922
Alternative Uses
Best Use
Specialty Retail
$455.0K
$398.2K – $530.9K
NOI $31,853 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$431.1K
$377.2K – $503.0K
NOI $30,177 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$606.4K
$530.6K – $707.5K
NOI $42,451 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 28431, NC
6,255
Population
3,252
Households
1.9
Avg Household Size
42
Median Age
10%
College-Educated
83%
High-School Grad
78.5 sq mi
ZIP Area
80
Density / Sq Mi
$32,244
Median Household Income
$30,504
Median Earnings
$736
Median Rent
$89,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Former convenience-store use and public water and sewer provide existing site context.
Where is this commercial land located?
The property is located at 100 W Strawberry Boulevard W Chadbourn, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,500‑square‑foot commercial land property; Former convenience‑store use; Block construction
