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    Downtown Mixed-Use Income Property Title is generated by Realmo AI

    205-207 E Walnut Street, Goldsboro, NC 27530

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    Pending
    $1,100,000

    COMMERCIAL - Goldsboro, NC

    Property size:
    11,455 SF
    Lot size:
    0.17 Acres
    Added:
    Sep 10, 2025
    Days on Market:
    270
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 205-207 E Walnut Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COM
    Rooms
    Dining Room
    Interior features
    Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Recessed Lighting, Stone Counters, Storage
    Standard status
    Pending
    APN
    12000024002024
    Size
    11,455 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    205-07 E WALNUT ST
    Tax Annual Amount
    7730

    Utilities

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

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Brick, Brick Veneer
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Beth Hines
    Beth Hines

    Listing agent Beth Hines License #192858

    Listing office RE/MAX SOUTHLAND REALTY II 5160 Veterans Parkway, Garner, NC

    Listing date Sep 10, 2025

    MLS# 10120934

    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.

    HighLights

    • 11,455 SQFT Commercial Building in Prime Downtown Goldsboro Location.
    • 6 Total Rented Spaces (4 Apartments Upstairs, 2 Large Commercial Spaces Downstairs) - Income Producing.
    • Recently Renovated with Granite Island Kitchens, Stainless Steel Appliances in Apartments, and Modern Finishes.
    • Upfitted Medical Space and Retail Store Currently Leased.
    • Large Veranda Upstairs and Original Character Preserved.
    • Easy Access to Hwy 70, Seymour Johnson Air Force Base, and Raleigh.

    Overview

    This mixed-use income property features recently renovated residential units and dedicated commercial space within one building. Upstairs, there are four apartments, each with a granite island kitchen and stainless steel appliances, along with a large veranda. Downstairs, the property includes two large commercial spaces totaling approximately 2,500 square feet each, and the building contains six total rented spaces. Updates noted include electrical, plumbing, and HVAC improvements, along with new modern finishes while retaining original character.

    The property is located in downtown Goldsboro, diagonally across from the courthouse, at 205–207 E Walnut Street in Wayne County. Nearby established shops are referenced, and the location is described as providing easy access to Highway 70 and Seymour Johnson Air Force Base, with Raleigh also mentioned in the remarks.

    With existing occupancy and leased commercial use, the building may appeal to owners or operators seeking a combination of residential and retail/medical income streams in one asset. The presence of upfitted medical space on one side and retail tenancy on the other provides a flexible foundation for continued commercial leasing alongside the upstairs apartment units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.994995
    Latitude
    35.382728

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with recently renovated apartments upstairs and two leased commercial spaces downstairs.
    Where is this mixed-use property located?
    The property is located at 205-207 E Walnut Street Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 11,455 SQFT Commercial Building in Prime Downtown Goldsboro Location.; 6 Total Rented Spaces (4 Apartments Upstairs, 2 Large Commercial Spaces Downstairs) - Income Producing.; Recently Renovated with Granite Island Kitchens, Stainless Steel Appliances in Apartments, and Modern Finishes.
    (919) 868-6316
    We can help!
    Listing Contact
    Beth Hines
    Beth Hines
    Real Estate License ID: 192858
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    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.

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