Brick Office Building with
For Sale
$399,000
110 S Layton Avenue, Dunn, NC 28334
Commercial Sale, Dunn, NC
Property Size3,101 SF
Lot Size0.41 Acres
Price / SF$128.67
Days on Market328
Property Features for 110 S Layton Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
O&I
Standard status
Active
APN
1516-57-0833.000
Size
3,101 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 75X142 FIRST BAPTIST CHURCH
Tax Annual Amount
3200
Legal Description
LT 75X142 FIRST BAPTIST CHURCH
Amenities
full kitchen
courtyard or patio
built ins
storage
restrooms
Building Details
Year built
1960
Building materials
Brick
Listing Agency:
Elmore Realty, LLC
(910) 892-6900
Listed By:
Lindsey Edith Elmore Godwin · License #281461
(919) 820-1036
Added: Oct 23, 2025
Changed: Sep 8
Last Checked: Sep 15 at 5:06PM
MLS# 10129345
Copyright © 2026 Doorify 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 3,101-square-foot office building is constructed of brick and dates to 1960. The interior includes multiple office areas, built-in features, a full kitchen, storage areas, and restrooms. Outdoor amenities include a courtyard and patio.
The property encompasses 0.41 acres across three combined lots in downtown Dunn, with visibility along 421. O&I zoning supports its current office-oriented configuration. The address is 110 S Layton Avenue, Dunn, NC 28334.
The property encompasses 0.41 acres across three combined lots in downtown Dunn, with visibility along 421. O&I zoning supports its current office-oriented configuration. The address is 110 S Layton Avenue, Dunn, NC 28334.
Key Highlights
- 3,101‑square‑foot office building on 0.41 acres
- Three combined lots in downtown Dunn
- Multiple office areas with built‑ins
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
$33,791
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
8.47%
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%
$675,820
$675.8K
Cap Rate 7%
$482,729
$482.7K
Cap Rate 9%
$375,456
$375.5K
Market Conditions
NOI Build-Up for 3,101 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
$54.0K $17.40/SF
− Vacancy
−$8.9K −$2.87/SF
EGI
$45.1K $14.53/SF
− OpEx
−$11.3K −$3.63/SF
NOI
$33.8K $10.90/SF
Area
Harnett County, NC
Vacancy
16.50%
Lease Rate
$17.40 /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%
$675,820
Cap Rate 7%
$482,729
Cap Rate 9%
$375,456
Alternative Uses
Best Use
Office B
$482.7K
$422.4K – $563.2K
NOI $33,791 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.0K
$590.7K – $787.6K
NOI $47,253 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-area office property with a kitchen, built-ins, storage, restrooms, and outdoor courtyard space.
Where is this office building located?
The property is located at 110 S Layton Avenue Dunn, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,101‑square‑foot office building on 0.41 acres; Three combined lots in downtown Dunn; Multiple office areas with built‑ins
