Mixed-Use Office
For Sale
$120,000
108 S Lee Street, Whiteville, NC 28472
Commercial Sale, Whiteville, NC
Property Size700 SF
Lot Size0.16 Acres
Price / SF$171.43
Days on Market222
Property Features for 108 S Lee Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
O&I
Subdivision
Not In Subdivision
Directions
property is located on S Lee St, directly across the street from Whiteville post office
Standard status
Active
APN
2648
Size
700 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PID: 002648
Legal Description
PID: 002648
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Building materials
Composition, Asbestos, Wood Frame
Roof type
Shingle
Listing Agency:
Atlantic Blue Coast Realty LLC
(910) 914-6084
Listed By:
Eric D Hill · License #250127
(910) 625-8199
Added: Mar 23
Changed: Oct 26
Last Checked: Oct 30 at 10:06AM
MLS# 100562221
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 700-square-foot property includes two offices, a bathroom, a lobby area, and a kitchen. It was built in 1953 and has been used for both office operations and residential rental. The parcel measures 0.16 acres, with a mostly fenced backyard. Public water and sewer service the property, and the building has central air conditioning and electric heat pump heating.
At 108 S Lee Street in Whiteville, the property sits across from the post office. Its O&I zoning and history of office and residential use provide a documented mix of past applications.
At 108 S Lee Street in Whiteville, the property sits across from the post office. Its O&I zoning and history of office and residential use provide a documented mix of past applications.
Key Highlights
- 700 square feet of building area on a 0.16‑acre parcel
- Two offices, one bathroom, lobby area, and kitchen
- O&I zoning; previously used for office and residential rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,020
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,400
$180.4K
Cap Rate 7%
$128,857
$128.9K
Cap Rate 9%
$100,222
$100.2K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$16.8K $24.00/SF
− Vacancy
−$2.4K −$3.38/SF
EGI
$14.4K $20.62/SF
− OpEx
−$5.4K −$7.73/SF
NOI
$9.0K $12.89/SF
Area
Columbus County, NC
Vacancy
14.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,400
Cap Rate 7%
$128,857
Cap Rate 9%
$100,222
Alternative Uses
Best Use
Mixed Use
$128.9K
$112.8K – $150.3K
NOI $9,020 @ 7.0% cap · market cap 7.52%
Second Best
Office B
$125.4K
$109.7K – $146.3K
NOI $8,777 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$169.8K
$148.6K – $198.1K
NOI $11,886 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
429
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The O&I-zoned building has previously accommodated office and residential rental use.
Where is this mixed-use property located?
The property is located at 108 S Lee Street Whiteville, NC.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 700 square feet of building area on a 0.16‑acre parcel; Two offices, one bathroom, lobby area, and kitchen; O&I zoning; previously used for office and residential rental
