Flex Space with
For Sale
$350,000
101 Doctor Donnie H Jones Jr Blvd W, Princeton, NC 27569
Versatile flex building with a showroom, large windows, tall roll-up doors, newer HVAC, and an updated roof.
Property Size5,198 SF
Price / SF$67.33
Days on Market356
Property Features for 101 Doctor Donnie H Jones Jr Blvd W
General Information
Standard status
Active
Size
5,198 SF
Listing Agency:
RE/MAX SOUTHLAND REALTY II
(919) 868-6316
Listed By:
Beth Hines · License #192858
(919) 868-6316
Source:
Exprealty
Added: Aug 11, 2025
Changed: Jul 28
Last Checked: Jul 31 at 7:52PM
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 RE/MAX SOUTHLAND REALTY II
Investment Insights
Based on property information with market context.
This versatile flex building includes a spacious showroom with large windows for natural light, along with ample open space to configure for a variety of business needs. The property features tall roll-up doors, newer HVAC, and an updated roof, and renovations have been started and are ready for your finishing touches.
Located directly across from Princeton Middle and High School, the site benefits from high visibility and high-traffic characteristics. Princeton is a growing town, with convenient access to area hospitals and an easy commute to RTP, Raleigh, Goldsboro, and surrounding areas.
The current interior layout supports showroom-style presentation and flexible use of the remaining open space, making the property well-suited for light industrial, storage, retail, service, or showroom applications.
Located directly across from Princeton Middle and High School, the site benefits from high visibility and high-traffic characteristics. Princeton is a growing town, with convenient access to area hospitals and an easy commute to RTP, Raleigh, Goldsboro, and surrounding areas.
The current interior layout supports showroom-style presentation and flexible use of the remaining open space, making the property well-suited for light industrial, storage, retail, service, or showroom applications.
Key Highlights
- Over 5,000 sq ft versatile commercial flex building with a showroom and configurable open space
- Spacious showroom with large windows for natural light and display potential
- Tall roll‑up doors for loading/access
Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $9.00 |
| − Vacancy | −$3.3k | −$0.63 |
| EGI | $43.5k | $8.37 |
| − OpEx | −$13.1k | −$2.51 |
| NOI | $30.5k | $5.86 |
5,198 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$911.6K
$797.7K – $1.06M
NOI $63,814 @ 7.0% cap · market cap 18.23%
Second Best
Flex RnD
$814.9K
$713.1K – $950.8K
NOI $57,046 @ 7.0% cap · market cap 16.30%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,076 @ 7.0% cap · market cap 31.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27569, NC
8,854
Population
3,559
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
85%
High-School Grad
80.0 sq mi
ZIP Area
111
Density / Sq Mi
$73,507
Median Household Income
$49,417
Median Earnings
$967
Median Rent
$194,000
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Versatile flex building with a showroom, large windows, tall roll-up doors, newer HVAC, and an updated roof.
Where is this flex space located?
The property is located at 101 Doctor Donnie H Jones Jr Blvd W Princeton, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Over 5,000 sq ft versatile commercial flex building with a showroom and configurable open space; Spacious showroom with large windows for natural light and display potential; Tall roll‑up doors for loading/access
