Listing Agency: REALTY ONE GROUP HERITAGE

Listed By: BRION OXENDINE · License #246798 Show Phone

Source: Fayettevillehomesource

Added: Sep 21, 2025 Changed: Oct 1 Last Checked: Oct 12 at 7:59PM

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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 / Yr

$31,853

Cap Rate

7.08%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $31,853 @ 7.0% cap · market cap 7.08%

Second Best

Retail

$431.1K

$377.2K – $503.0K (±1% cap)

NOI $30,177 @ 7.0% cap · market cap 6.71%

Theoretical Best

Office A

$606.4K

$530.6K – $707.5K (±1% cap)

NOI $42,451 @ 7.0% cap · market cap 9.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triad Timber Co Big Box & Wholesale Store

Suggested Use

Top Pick Building Supply Dental Office Law Firm Hair Salon Furniture & Home Goods Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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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