55+ Ranch Home with
For Sale
$309,900
103 Chadbury Drive, Dunn, NC 28334
MULTI_FAMILY - Other - Dunn, NC
Property Size1,570 SF
Lot Size0.02 Acres
Price / SF$197.39
Days on Market99
Property Features for 103 Chadbury Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Dining Room, Laundry Room, Bedroom 1, Bathroom 2
Parking features
Garage
Patio and Porch features
Patio
Interior features
Attic, GraniteCounters, PrimaryDownstairs, LivingDiningRoom, PullDownAtticStairs, SoakingTub, SeparateShower, TubShower, WalkInClosets
Exterior features
Patio
Fireplace
1
Appliances
Dryer, Dishwasher, ElectricRange, Microwave, Refrigerator, Washer
Subdivision
GLENEAGLES
Lot features
Less Than Quarter Acre
Middle school
Dunn Middle School
High school
Triton High School
Standard status
Active
APN
1517-04-2707.000
Size
1,570 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
LOT#2 THECREST@GLENEAGLES SEC1 MAP#2000-663
HOA Fee
$125 Monthly
Legal Description
LOT#2 THECREST@GLENEAGLES SEC1 MAP#2000-663
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Forced Air
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2000
Flooring type
Carpet, Vinyl
Building materials
BrickVeneer
Architectural style
Other
Listing Agency:
RE/MAX SIGNATURE REALTY
(910) 814-0532
Listed By:
LARRY DAUGHTRY · License #232344
(910) 890-9337
Added: May 4
Changed: Aug 2
Last Checked: Aug 10 at 3:06AM
MLS# 761925
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.
Welcome to The Crest at GlenEagles, a 55 & over community. This newly updated 3-bedroom, 2-bath ranch home features new carpet and new paint, a gas log fireplace, and granite countertops. The open living room/dining room concept supports easy day-to-day living, and the home includes the refrigerator, washer, and dryer for added convenience. Outside, enjoy a patio with a vinyl privacy screen.
Located at 103 Chadbury Drive in Dunn, North Carolina, the property is part of The Crest at GlenEagles community. The home also includes a one-car garage with epoxy flooring.
With approximately 1,570 square feet of living space, this ranch home combines updated finishes with a functional layout designed around the open living and dining area.
Located at 103 Chadbury Drive in Dunn, North Carolina, the property is part of The Crest at GlenEagles community. The home also includes a one-car garage with epoxy flooring.
With approximately 1,570 square feet of living space, this ranch home combines updated finishes with a functional layout designed around the open living and dining area.
Key Highlights
- 55 & over community ranch home with 3 bedrooms and 2 bathrooms
- New updates include new carpet and new paint
- Open living room/dining room layout with a gas log fireplace
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
$11,879
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
3.83%
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%
$237,580
$237.6K
Cap Rate 7%
$169,700
$169.7K
Cap Rate 9%
$131,989
$132.0K
Market Conditions
NOI Build-Up for 1,570 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
$23.2K $14.76/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$21.6K $13.76/SF
− OpEx
−$9.7K −$6.19/SF
NOI
$11.9K $7.57/SF
Area
Harnett County, NC
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$237,580
Cap Rate 7%
$169,700
Cap Rate 9%
$131,989
Alternative Uses
Best Use
Apartment 5plus
$169.7K
$148.5K – $198.0K
NOI $11,879 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.8K
$299.1K – $398.7K
NOI $23,924 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 28334, NC
23,697
Population
10,339
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
86%
High-School Grad
160.3 sq mi
ZIP Area
148
Density / Sq Mi
$54,527
Median Household Income
$37,967
Median Earnings
$826
Median Rent
$171,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Newly updated 3-bedroom, 2-bath ranch with patio, vinyl privacy screen, and a one-car garage with epoxy flooring.
Where is this single family property located?
The property is located at 103 Chadbury Drive Dunn, NC.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 55 & over community ranch home with 3 bedrooms and 2 bathrooms; New updates include new carpet and new paint; Open living room/dining room layout with a gas log fireplace
