Two-Story Storefront
For Sale
Under Contract
$585,000
108 E Main Street, Aberdeen, NC 28315
Commercial Sale, Aberdeen, NC
Property Size3,976 SF
Lot Size0.06 Acres
Price / SF$147.13
Days on Market163
Property Features for 108 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Subdivision
Royal Estates
Directions
Take US HWY 1 south to Aberdeen turn left onto Main Street and building is on your right.
Standard status
Active Under Contract
APN
00048649
Size
3,976 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MAIN STREET
Legal Description
MAIN STREET
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1904
Listing Agency:
Keller Williams Pinehurst · Keller Williams Realty
(910) 692-5553
Listed By:
Frank Zaccherio · License #291048
(516) 984-9444
Added: Mar 11
Changed: Aug 19
Last Checked: Aug 20 at 12:06AM
MLS# 100559536
Copyright © 2026 Hive MLS. 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 two-story storefront property at 108 E Main Street in Aberdeen, NC, contains 3,976 square feet within a 0.06-acre site. Built in 1904, the building provides commercial space across two levels and is currently offered vacant following the departure of a former tenant. The roof was replaced 5 years ago, and the property is served by electric heating.
Located in downtown Aberdeen, the property carries CB zoning and offers an existing commercial building for continued retail or other uses allowed under the applicable zoning. Its Main Street address places the asset within the established commercial area of Aberdeen, in Moore County.
Located in downtown Aberdeen, the property carries CB zoning and offers an existing commercial building for continued retail or other uses allowed under the applicable zoning. Its Main Street address places the asset within the established commercial area of Aberdeen, in Moore County.
Key Highlights
- 3,976‑square‑foot commercial building on a 0.06‑acre lot
- Two‑story storefront configuration
- CB zoning
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
$32,629
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
5.58%
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%
$652,580
$652.6K
Cap Rate 7%
$466,129
$466.1K
Cap Rate 9%
$362,544
$362.5K
Market Conditions
NOI Build-Up for 3,976 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
$55.8K $14.04/SF
− Vacancy
−$9.2K −$2.32/SF
EGI
$46.6K $11.72/SF
− OpEx
−$14.0K −$3.52/SF
NOI
$32.6K $8.21/SF
Area
Moore County, NC
Vacancy
16.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$652,580
Cap Rate 7%
$466,129
Cap Rate 9%
$362,544
Alternative Uses
Best Use
Retail
$466.1K
$407.9K – $543.8K
NOI $32,629 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$757.6K
$662.9K – $883.9K
NOI $53,033 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
17,877 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
6,088 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
824 visits/mo
0.3 miles
Demographics for 28315, NC
13,500
Population
6,350
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
65.0 sq mi
ZIP Area
208
Density / Sq Mi
$73,079
Median Household Income
$45,644
Median Earnings
$1,131
Median Rent
$279,700
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - CB-zoned commercial property with electric heating and a roof replaced 5 years ago.
Where is this storefront property located?
The property is located at 108 E Main Street Aberdeen, NC.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3,976‑square‑foot commercial building on a 0.06‑acre lot; Two‑story storefront configuration; CB zoning
