Office Unit with
For Sale
$299,000
904 Jefferson Street, Whiteville, NC 28472
Commercial Sale, Whiteville, NC
Property Size1,462 SF
Lot Size1.75 Acres
Price / SF$204.51
Days on Market162
Property Features for 904 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Parking features
Parking Lot
Subdivision
Not In Subdivision
Directions
From the office parking lot, turn left onto Jefferson Street. Continue through 3 stop lights. Property will be on the right.
Standard status
Active
APN
0291.04-54-5379.000
Size
1,462 SF
Lot size
1.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
No description provided on tax card
Tax Annual Amount
3335
Legal Description
No description provided on tax card
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Hilton Auction & Realty Inc-Whiteville
(910) 207-6053
Listed By:
LeAnn L Martinez · License #316767
(910) 840-2148
Added: Mar 16
Changed: Aug 19
Last Checked: Aug 24 at 8:06AM
MLS# 100561014
Copyright © 2026 Hive 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.
The property includes a 1,462-square-foot manufactured doublewide office unit built in 1999. Interior finishes include vinyl and carpet flooring, with central air conditioning and electric heat pump service. A handicap-accessible ramp provides entry, and the site includes a parking lot for staff and visitors.
Set on approximately 1.75 acres within the city limits of Whiteville, the property carries B-3 zoning. The rear portion consists of an expansive grassy area, providing additional open ground associated with the office site. Public water serves the property, while vinyl siding and a metal roof complete the exterior improvements. The address is 904 Jefferson Street in Whiteville, North Carolina.
Set on approximately 1.75 acres within the city limits of Whiteville, the property carries B-3 zoning. The rear portion consists of an expansive grassy area, providing additional open ground associated with the office site. Public water serves the property, while vinyl siding and a metal roof complete the exterior improvements. The address is 904 Jefferson Street in Whiteville, North Carolina.
Key Highlights
- 1,462‑square‑foot manufactured doublewide office unit
- Approximately 1.75 acres within Whiteville city limits
- B‑3 zoning
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
$18,332
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
6.13%
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%
$366,640
$366.6K
Cap Rate 7%
$261,886
$261.9K
Cap Rate 9%
$203,689
$203.7K
Market Conditions
NOI Build-Up for 1,462 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
$31.6K $21.60/SF
− Vacancy
−$7.1K −$4.88/SF
EGI
$24.4K $16.72/SF
− OpEx
−$6.1K −$4.18/SF
NOI
$18.3K $12.54/SF
Area
Columbus County, NC
Vacancy
22.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$366,640
Cap Rate 7%
$261,886
Cap Rate 9%
$203,689
Alternative Uses
Best Use
Office B
$261.9K
$229.2K – $305.5K
NOI $18,332 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.6K
$310.3K – $413.8K
NOI $24,825 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 28472, NC
17,308
Population
8,073
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
91%
High-School Grad
197.9 sq mi
ZIP Area
87
Density / Sq Mi
$48,963
Median Household Income
$36,535
Median Earnings
$788
Median Rent
$141,000
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 - Manufactured office building with accessible entry, on-site parking, and additional grassy area within city limits.
Where is this office units located?
The property is located at 904 Jefferson Street Whiteville, NC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,462‑square‑foot manufactured doublewide office unit; Approximately 1.75 acres within Whiteville city limits; B‑3 zoning
