Gas Station with
For Sale
$450,000
10503 & 10535 New Britton Hwy E, Whiteville, NC 28472
Commercial property combines a convenience store, restaurant space, fuel canopy, storage building, and above-ground tank capacity.
Property Size2,500 SF
Lot Size1.96 Acres
Days on Market90
Property Features for 10503 & 10535 New Britton Hwy E
General Information
Standard status
Active
Size
2,500 SF
Lot size
1.96 Acres
Property subtype
C-Store
Additional Details
Road Access
Yes
Amenities
gas station canopy
above ground tanks
Building Details
Building Size
2,500 SF
Buildings
2
Listing Agency:
NAI Charleston
(770) 905-9918
Listed By:
Welles Worthen · License #SC #113828
Source:
Naicharleston
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 4:46PM
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 NAI Charleston
Investment Insights
Based on property information with market context.
This gas station property includes approximately 1.96 total acres with a roughly 2,500-square-foot convenience store and restaurant, a gas station canopy, and an approximately 1,200-square-foot storage building. The main building is identified as C-Store/restaurant space, while above-ground tanks provide a combined capacity of 30,000 gallons.
Fuel sales are currently deactivated, and the convenience store/deli is operating on limited hours, closing at 2 p.m. Monday through Friday and remaining closed on weekends. The property also includes an operating business component with inside sales of approximately $20,000 per month, although financial figures are excluded from this listing summary.
Fuel sales are currently deactivated, and the convenience store/deli is operating on limited hours, closing at 2 p.m. Monday through Friday and remaining closed on weekends. The property also includes an operating business component with inside sales of approximately $20,000 per month, although financial figures are excluded from this listing summary.
Key Highlights
- Approximately 1.96 total acres
- Approximately 2,500 SF C‑Store/restaurant
- 30,000‑gallon combined capacity in above‑ground tanks
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Commercial property combines a convenience store, restaurant space, fuel canopy, storage building, and above-ground tank capacity.
Where is this gas station located?
The property is located at 10503 & 10535 New Britton Hwy E Whiteville, 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: Approximately 1.96 total acres; Approximately 2,500 SF C‑Store/restaurant; 30,000‑gallon combined capacity in above‑ground tanks
