Corner Office
For Sale
$369,900
201 S Orange Avenue, Dunn, NC 28334
COMMERCIAL - Dunn, NC
Property Size3,154 SF
Lot Size0.49 Acres
Price / SF$117.28
Days on Market419
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
Building Details
Year built
1923
Flooring type
Hardwood, Vinyl, Tile
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) 669-8848
Added: Jun 18, 2025
Changed: Aug 4
Last Checked: Aug 10 at 4:06AM
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 corner commercial office building offers a flexible interior layout for office or retail use, with multiple entry points, open work areas, and private office space potential. Interior details include entrance foyer, high ceilings, high-speed internet, storage, and hardwood flooring throughout. The property also includes a separate storage building on-site for inventory, equipment, or supplies.
Set on a 0.49-acre corner lot on HWY 421, the building is positioned for customer and delivery access with a large paved parking area. Additional exterior features include awnings, a fenced yard, and rain gutters. An accessible approach with a ramp supports customer and employee access.
Built in 1923, the main building includes vinyl siding with a shingle and rubber roof. Utilities include natural gas available, along with public water and public sewer. Heating is provided by natural gas and cooling is electric, with electric range included.
Set on a 0.49-acre corner lot on HWY 421, the building is positioned for customer and delivery access with a large paved parking area. Additional exterior features include awnings, a fenced yard, and rain gutters. An accessible approach with a ramp supports customer and employee access.
Built in 1923, the main building includes vinyl siding with a shingle and rubber roof. Utilities include natural gas available, along with public water and public sewer. Heating is provided by natural gas and cooling is electric, with electric range included.
Key Highlights
- 3,154 sq ft office building with flexible layout for office or retail use
- 0.49‑acre corner lot on HWY 421 with large paved parking area
- Multiple entry points plus open work areas and private office space potential
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
732
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flexible office and retail-ready layout with multiple entries, paved parking, and a separate storage building on a corner lot.
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 sq ft office building with flexible layout for office or retail use; 0.49‑acre corner lot on HWY 421 with large paved parking area; Multiple entry points plus open work areas and private office space potential
