Corner Office
For Sale
$369,900
201 S Orange Avenue, Dunn, NC 28334
Commercial Sale, Dunn, NC
Property Size3,154 SF
Lot Size0.49 Acres
Price / SF$117.28
Days on Market464
Property Features for 201 S Orange Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Interior features
Entrance Foyer, High Ceilings, High Speed Internet, Storage
Exterior features
Awning(s), Fenced Yard, Rain Gutters, Storage
Fencing
Fenced
Basement
Crawl Space
Accessibility
Accessible Approach with Ramp
Appliances
Electric Range
Lot features
Corner Lot, Few Trees, Landscaped
Standard status
Active
Size
3,154 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lt 201 S Orange Ave 140x150
Tax Annual Amount
2562
Legal Description
Lt 201 S Orange Ave 140x150
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
hardwoods throughout
separate storage building
Building Details
Year built
1923
Flooring type
Tile, Hardwood, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle, Rubber
Additional Structures
Storage
Listing Agency:
RE/MAX Signature Realty · RE/MAX International
(910) 814-0532
Listed By:
Gail Adams · License #206708
(919) 868-0158
Added: Jun 18, 2025
Changed: Sep 13
Last Checked: Sep 24 at 4:06PM
MLS# 10103925
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 3,154-square-foot office property sits on a 0.49-acre corner parcel and includes a main building with multiple entrances, open work areas, private office potential, and hardwood flooring. A separate storage building adds on-site room for inventory, equipment, or supplies. The property also features high ceilings, an entrance foyer, storage, an accessible approach with ramp, and a fenced yard with awnings and rain gutters.
A large paved parking area supports convenient access, while the property’s position on HWY 421 provides direct roadway exposure. Public water and public sewer serve the site, with natural gas available. The building was constructed in 1923 and has vinyl siding, rubber and shingle roofing, and vinyl, hardwood, and tile flooring.
A large paved parking area supports convenient access, while the property’s position on HWY 421 provides direct roadway exposure. Public water and public sewer serve the site, with natural gas available. The building was constructed in 1923 and has vinyl siding, rubber and shingle roofing, and vinyl, hardwood, and tile flooring.
Key Highlights
- 3,154‑square‑foot office property on a 0.49‑acre corner lot
- Large paved parking area with HWY 421 exposure
- Separate on‑site storage building
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
$27,939
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
7.55%
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%
$558,780
$558.8K
Cap Rate 7%
$399,129
$399.1K
Cap Rate 9%
$310,433
$310.4K
Market Conditions
NOI Build-Up for 3,154 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
$43.5K $13.80/SF
− Vacancy
−$3.6K −$1.15/SF
EGI
$39.9K $12.65/SF
− OpEx
−$12.0K −$3.80/SF
NOI
$27.9K $8.86/SF
Area
Harnett County, NC
Vacancy
8.30%
Lease Rate
$13.80 /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%
$558,780
Cap Rate 7%
$399,129
Cap Rate 9%
$310,433
Alternative Uses
Best Use
Office B
$491.0K
$429.6K – $572.8K
NOI $34,368 @ 7.0% cap · market cap 9.29%
Second Best
Retail
$399.1K
$349.2K – $465.7K
NOI $27,939 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$686.6K
$600.8K – $801.0K
NOI $48,061 @ 7.0% cap · market cap 12.99%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
849
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible interior includes open work areas, private office potential, multiple entrances, and a separate storage structure.
Where is this office units located?
The property is located at 201 S Orange Avenue Dunn, NC.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 3,154‑square‑foot office property on a 0.49‑acre corner lot; Large paved parking area with HWY 421 exposure; Separate on‑site storage building
