Goldsboro Mixed-Use Investment
205-207 E Walnut Street, Goldsboro, NC 27530
COMMERCIAL - Goldsboro, NC
Property size:
11,455 SFLot size:
0.17 Acres- Added:
- Sep 10, 2025
- Days on Market:
- 248
- Last Refresh:
- May 15 at 4:06 pm
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
Listing agent Beth Hines License #192858 (919) 868-6316
Listing office RE/MAX SOUTHLAND REALTY II 5160 Veterans Parkway, Garner, NC (919) 773-0991
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 11,455 square foot commercial building is located in a prime downtown Goldsboro location, diagonally across from the Court House. The recently renovated property features a total of six rented spaces, including four apartments upstairs with granite island kitchens and stainless steel appliances. Downstairs, there are two large commercial spaces, each approximately 2500 square feet. One side is currently leased as a nicely upfitted medical space, and the other as a retail store. The building offers potential for investment or business opportunities. The property includes a large veranda upstairs and retains much of its original character while incorporating updates to electrical, plumbing, HVAC, and new modern finishes. It is located near established shops with easy access to Highway 70, Seymour Johnson Air Force Base, and Raleigh. The lot size is 0.17 acres.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.56M
NOI $140,580 @ 9.00% cap · cautious / downside scenario
Moderate
$2.01M
NOI $140,580 @ 7.00% cap · market / base-case scenario
Aggressive
$2.81M
NOI $140,580 @ 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 | $206.2k | $18.00 |
| − Vacancy | −$5.4k | −$0.47 |
| EGI | $200.8k | $17.53 |
| − OpEx | −$60.2k | −$5.26 |
| NOI | $140.6k | $12.27 |
11,455 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,580 @ 7.0% cap · market cap 12.78%
Second Best
Mixed Use
$1.66M
$1.45M – $1.93M
NOI $115,982 @ 7.0% cap · market cap 10.54%
Theoretical Best
Specialty Retail
$9.21M
$8.06M – $10.74M
NOI $644,661 @ 7.0% cap · market cap 58.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Goldsboro
- County
- Wayne
- State
- North Carolina
- Longitude
- -77.994995
- Latitude
- 35.382728
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Recently renovated mixed-use property in downtown Goldsboro with income potential.
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.
