Commercial Land Development
For Sale
$450,000
100 W Strawberry Blvd W, Chadbourn, NC 28431
Commercial land in Chadbourn with a prior convenience-store use.
Property Size2,500 SF
Price / SF$180
Days on Market306
Property Features for 100 W Strawberry Blvd W
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Listing Agency:
REALTY ONE GROUP HERITAGE
(910) 740-6690
Listed By:
BRION OXENDINE · License #246798
Source:
Fayettevillehomesource
Added: Oct 29, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP HERITAGE
Investment Insights
Based on property information with market context.
This commercial land parcel is located at 100 W Strawberry Blvd W in Chadbourn, North Carolina. The property formerly operated as a convenience store, while the current offering emphasizes the land for future development.
Key Highlights
- Commercial land in Chadbourn, NC 28431
- Former convenience‑store use
- Address: 100 W Strawberry Blvd W
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
$31,853
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
7.08%
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%
$637,060
$637.1K
Cap Rate 7%
$455,043
$455.0K
Cap Rate 9%
$353,922
$353.9K
Market Conditions
NOI Build-Up for 2,500 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
$47.4K $18.96/SF
− Vacancy
−$4.9K −$1.97/SF
EGI
$42.5K $16.99/SF
− OpEx
−$10.6K −$4.25/SF
NOI
$31.9K $12.74/SF
Area
Columbus County, NC
Vacancy
10.40%
Lease Rate
$18.96 /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%
$637,060
Cap Rate 7%
$455,043
Cap Rate 9%
$353,922
Alternative Uses
Best Use
Specialty Retail
$455.0K
$398.2K – $530.9K
NOI $31,853 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$431.1K
$377.2K – $503.0K
NOI $30,177 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$606.4K
$530.6K – $707.5K
NOI $42,451 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 28431, NC
6,255
Population
3,252
Households
1.9
Avg Household Size
42
Median Age
10%
College-Educated
83%
High-School Grad
78.5 sq mi
ZIP Area
80
Density / Sq Mi
$32,244
Median Household Income
$30,504
Median Earnings
$736
Median Rent
$89,700
Median Home Value
Market
Vacancy Rate% for Retail 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?
Commercial land - Commercial land in Chadbourn with a prior convenience-store use.
Where is this commercial land located?
The property is located at 100 W Strawberry Blvd W Chadbourn, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Commercial land in Chadbourn, NC 28431; Former convenience‑store use; Address: 100 W Strawberry Blvd W
