Two-Story Downtown
For Sale
$585,000
Pending
108 E Main St, Aberdeen, NC 28315
Commercial space with two levels and a roof replaced five years ago.
Property Size3,976 SF
Days on Market175
Property Features for 108 E Main St
General Information
Standard status
Pending
Size
3,976 SF
Property subtype
Commercial
Building Details
Year Built
1904
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Keller Williams Pinehurst
(910) 692-5553
Listed By:
Frank Zaccherio · License #291048
Source:
Coastalrealtyassociates
Added: Mar 8
Changed: Aug 29
Last Checked: Aug 29 at 11:11PM
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 Keller Williams Pinehurst
Investment Insights
Based on property information with market context.
This two-story storefront building provides 3,976 square feet across its upper and lower levels. Constructed in 1904, the property offers a traditional commercial structure with a roof replacement completed five years ago.
The building is located at 108 E Main St in downtown Aberdeen, North Carolina. Its two-level configuration supports flexible retail or commercial planning, subject to applicable approvals and site requirements.
The building is located at 108 E Main St in downtown Aberdeen, North Carolina. Its two-level configuration supports flexible retail or commercial planning, subject to applicable approvals and site requirements.
Key Highlights
- 3,976‑square‑foot two‑story storefront building
- Roof replaced 5 years ago
- Built in 1904
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
$32,629
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
5.58%
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%
$652,580
$652.6K
Cap Rate 7%
$466,129
$466.1K
Cap Rate 9%
$362,544
$362.5K
Market Conditions
NOI Build-Up for 3,976 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
$55.8K $14.04/SF
− Vacancy
−$9.2K −$2.32/SF
EGI
$46.6K $11.72/SF
− OpEx
−$14.0K −$3.52/SF
NOI
$32.6K $8.21/SF
Area
Moore County, NC
Vacancy
16.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$652,580
Cap Rate 7%
$466,129
Cap Rate 9%
$362,544
Alternative Uses
Best Use
Retail
$466.1K
$407.9K – $543.8K
NOI $32,629 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$757.6K
$662.9K – $883.9K
NOI $53,033 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
6,088 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
824 visits/mo
0.2 miles
Demographics for 28315, NC
13,500
Population
6,350
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
65.0 sq mi
ZIP Area
208
Density / Sq Mi
$73,079
Median Household Income
$45,644
Median Earnings
$1,131
Median Rent
$279,700
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?
Storefront property - Commercial space with two levels and a roof replaced five years ago.
Where is this storefront property located?
The property is located at 108 E Main St Aberdeen, NC.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3,976‑square‑foot two‑story storefront building; Roof replaced 5 years ago; Built in 1904
