Professional Office with Fenced
For Sale
$129,900
108 S Lee Street, Whiteville, NC 28472
SINGLE_FAMILY - Whiteville, NC
Property Size700 SF
Lot Size0.16 Acres
Price / SF$185.57
Days on Market131
Property Features for 108 S Lee Street
General Information
Property type
Residential
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
Electric (Heating), Heat Pump (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: Jul 30
Last Checked: Jul 31 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This property is configured with two offices and one bathroom, and includes a greeting/lobby area and a kitchen. Approximate total size is about 700 square feet. The back yard is mostly fenced and is described as suitable for parking.
Located at 108 S Lee Street in Whiteville, North Carolina, the property is stated to be across from the PO and near schools, shopping, dining, and banks. The remarks also note that it is only minutes from area beaches.
Zoning is listed as O&I, with the description indicating it is zoned for residential or light business use, including professional office and small medical.
Located at 108 S Lee Street in Whiteville, North Carolina, the property is stated to be across from the PO and near schools, shopping, dining, and banks. The remarks also note that it is only minutes from area beaches.
Zoning is listed as O&I, with the description indicating it is zoned for residential or light business use, including professional office and small medical.
Key Highlights
- Approx. 700 sq ft building with 2 offices and 1 bathroom, plus a greeting/lobby area and kitchen
- Zoned for residential or light business use (professional office, small medical, etc.)
- Year built 1953; wood frame construction with composition and shingle roofing (asbestos noted in materials)
Financial Insights For Office B
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 | $15.1k | $21.60 |
| − Vacancy | −$3.4k | −$4.88 |
| EGI | $11.7k | $16.72 |
| − OpEx | −$2.9k | −$4.18 |
| NOI | $8.8k | $12.54 |
700 SF · lease $21.60/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$125.4K
$109.7K – $146.3K
NOI $8,777 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$79.1K
$69.2K – $92.3K
NOI $5,535 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$169.8K
$148.6K – $198.1K
NOI $11,886 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
415
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 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?
Single family property - Includes a greeting/lobby area, kitchen, two offices, one bathroom, and a mostly fenced back yard.
Where is this single family 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 $129,900.
What are key features of this property?
This property features: Approx. 700 sq ft building with 2 offices and 1 bathroom, plus a greeting/lobby area and kitchen; Zoned for residential or light business use (professional office, small medical, etc.); Year built 1953; wood frame construction with composition and shingle roofing (asbestos noted in materials)
