Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Goldsboro Retail Building For Sale Title is generated by Realmo AI

    1406 W Gramtham Street, Goldsboro, NC 27530

    View on Map
    Claim this Listing
    For Sale
    $990,000

    SINGLE_FAMILY - Goldsboro, NC

    Type:Retail
    Property size:
    6,537 SF
    Lot size:
    1.18 Acres
    Price / SF:
    $151/SF
    Added:
    Nov 6, 2025
    Days on Market:
    202
    Last Refresh:
    May 27 at 8:06 pm

    Property Features for 1406 W Gramtham Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking
    32
    Parking features
    Parking Lot
    Security features
    Security
    Interior features
    HighSpeedInternet
    Standard status
    Active
    APN
    2690221593
    Size
    6,537 SF
    Lot size
    1.18 Acres

    Taxes and HOA fees

    Tax Description
    LT 4 BORDEN FARM

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2001
    Building materials
    Concrete
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    DONNIE ATCHISON
    DONNIE ATCHISON

    Listing agent DONNIE ATCHISON License #269782

    Listing office VIP ROYAL SERVICE 6900 Cliffdale Rd STE 109, FAYETTEVILLE, NC

    Listing date Nov 6, 2025

    MLS# 752981

    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.

    HighLights

    • Located on a 4‑lane road in Wayne County
    • Features Central Air cooling
    • Constructed with durable Concrete
    • Offers High‑Speed Internet
    • Includes a Parking Lot
    • Built in 2001

    Overview

    Located at 1406 W Grantham St in Goldsboro, North Carolina, this building is situated on a four-lane road in Wayne County. The property is near local educational institutions, including North Drive Elementary School, Carver Heights Elementary School, and Dillard Middle School. The building has a size of 6,537 square feet and is positioned on a 1.18-acre lot.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $891.4K
    NOI $80,225 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.15M
    NOI $80,225 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.60M
    NOI $80,225 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $117.7k $18.00
    − Vacancy −$3.1k −$0.47
    EGI $114.6k $17.53
    − OpEx −$34.4k −$5.26
    NOI $80.2k $12.27
    6,537 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.15M
    $1.00M – $1.34M (±1% cap)
    NOI $80,225 @ 7.0% cap · market cap 8.10%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $5.26M
    $4.60M – $6.13M (±1% cap)
    NOI $367,887 @ 7.0% cap · market cap 37.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.019352
    Latitude
    35.401494

    Nearby Similar for Sale

    • $215,000
      572 SF

      Goldsboro Restaurant with Parking Lot

      Fully operational restaurant with equipment, building, and parking lot.
      415 S John Street, Goldsboro, NC 27530
      View Details
    • $159,900
      1,400 SF

      Goldsboro Commercial Property For Sale

      Versatile commercial property in downtown Goldsboro suitable for various business uses.
      121 N James Street, Goldsboro, NC 27530
      View Details
    • $995,000
      4,650 SF

      Established Medical Offices For Sale

      Medical offices at busy intersection, could convert to business offices.
      2902 Central Heights Rd, Goldsboro, NC 27534
      View Details
    • $215,000
      572 SF

      Quick Serve Food Stand Opportunity

      Fully equipped, operational walk-up restaurant near Wayne County courthouse.
      415 John St, Goldsboro, NC 27530
      View Details
    • $168,500
      1,491 SF

      Goldsboro Commercial Property For Sale

      Commercial property near downtown Goldsboro with recent updates and ample parking.
      401 N James Street, Goldsboro, NC 27530
      View Details
    • $550,000
      3,461 SF

      Goldsboro Mixed-Use Commercial Property

      Turnkey restaurant, apartment, and flex space for sale.
      246 N Carolina 581, Goldsboro, NC 27530
      View Details
    • $425,000
      2,370 SF

      Goldsboro Retail Plaza For Sale

      Two-tenant plaza with hair salon and redevelopment potential in Goldsboro.
      698 E New Hope Road, Goldsboro, NC 27534
      View Details
    • Sponsored
      $89,000
      1,107 SF

      414 South John Street, Goldsboro, NC 27530

      Adaptable commercial space suitable for retail, office, or automotive businesses.
      414 South John St, Goldsboro, NC 27530
      View Details
    • $1,100,000
      11,455 SF

      Goldsboro Mixed-Use Investment Opportunity

      Recently renovated mixed-use property in downtown Goldsboro with income potential.
      205-207 E Walnut Street, Goldsboro, NC 27530
      View Details
    • $825,000
      4,200 SF

      Medical Office Near UNC Health

      Former psychiatrist office for sale near UNC Health Wayne.
      2805 Mclamb Place, Goldsboro, NC 27534
      View Details
    • $4,000
      3,454 SF

      Versatile Auto Shop and Office

      Auto shop and office spaces available for lease.
      2398 S Us Hwy 13 S, Goldsboro, NC 27530
      View Details
    • $975,000
      5,264 SF

      Commercial Office Building on Corner

      Classic brick building with 22 office spaces and parking.
      706 N Berkeley Boulevard, Goldsboro, NC 27534
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail building on a 1.18-acre lot in Goldsboro, NC.
    Where is this storefront property located?
    The property is located at 1406 W Gramtham Street Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Located on a 4‑lane road in Wayne County; Features Central Air cooling; Constructed with durable Concrete
    (910) 987-9221
    We can help!
    Listing Contact
    DONNIE ATCHISON
    DONNIE ATCHISON
    Real Estate License ID: 269782
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1406 W Gramtham Street, Goldsboro, NC 27530
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!