Office Building with Monument
New
For Sale
Contact for pricing
108 Old Fayetteville Rd, Leland, NC 28451
Two private offices, reception area, file storage, and one bathroom support a compact professional layout.
Property Size1,347 SF
Price / SF$296.96
Days on Market7
Property Features for 108 Old Fayetteville Rd
General Information
Standard status
Active
Size
1,347 SF
Property subtype
OFFICE
Listing Agency:
Noble Commercial Real Estate Group
(910) 617-8296
Listed By:
Nicholas Silivanch · License #263168
(910) 617-8296
Source:
Moodyscre
Added: Aug 11
Changed: Aug 17
Last Checked: Aug 17 at 12:43PM
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 Noble Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This 1,347-square-foot office building provides a practical configuration for professional use, with an entry and reception area, two private offices, a dedicated file-storage room, and one bathroom. The property also includes signage on the building and a monument sign, while recent landscaping work has refreshed the grounds.
The building is in downtown Leland, positioned near the intersection of Village Road and Old Fayetteville Road. Its existing office arrangement and visible signage provide a defined commercial setting for an owner or occupant seeking a smaller professional workspace.
The building is in downtown Leland, positioned near the intersection of Village Road and Old Fayetteville Road. Its existing office arrangement and visible signage provide a defined commercial setting for an owner or occupant seeking a smaller professional workspace.
Key Highlights
- 1,347‑square‑foot office building
- Two private offices with entry and reception area
- Private file‑storage room and 1 bathroom
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
$17,107
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
4.28%
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%
$342,140
$342.1K
Cap Rate 7%
$244,386
$244.4K
Cap Rate 9%
$190,078
$190.1K
Market Conditions
NOI Build-Up for 1,347 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
$28.1K $20.88/SF
− Vacancy
−$5.3K −$3.95/SF
EGI
$22.8K $16.93/SF
− OpEx
−$5.7K −$4.23/SF
NOI
$17.1K $12.70/SF
Area
Brunswick County, NC
Vacancy
18.90%
Lease Rate
$20.88 /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%
$342,140
Cap Rate 7%
$244,386
Cap Rate 9%
$190,078
Alternative Uses
Best Use
Office B
$244.4K
$213.8K – $285.1K
NOI $17,107 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.49M
$14.43M – $19.24M
NOI $1,154,526 @ 7.0% cap · market cap 288.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 28451, NC
39,025
Population
19,672
Households
2
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
172.2 sq mi
ZIP Area
227
Density / Sq Mi
$77,380
Median Household Income
$41,164
Median Earnings
$1,465
Median Rent
$315,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - Two private offices, reception area, file storage, and one bathroom support a compact professional layout.
Where is this office units located?
The property is located at 108 Old Fayetteville Rd Leland, NC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,347‑square‑foot office building; Two private offices with entry and reception area; Private file‑storage room and 1 bathroom
