Building Details

Building Size 530 SF

Year Built 1910

Listing Agency: Threshold Real Estate LLC

Listed By: Hawley Harris Team · License #C40473 Show Phone

Source: Gibbseliterealty

Added: Jul 16 Changed: Oct 23 Last Checked: Oct 23 at 2:27PM

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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 Threshold Real Estate LLC

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Investment Insights

Based on property information with market context.

This 530-square-foot office unit at 109 E Bunn Lane includes a private bathroom within the stated area and has its own entrance. The building dates to 1910.

Parking is available on the street side or at the rear of the property. The address is in Spring Hope, North Carolina.

Key Highlights

• 530 square feet, including the in‑unit bathroom
• Separate entrance and private bathroom
• Street‑side or rear parking available

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,291

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,820 $205.8K

Cap Rate 7%

$147,014 $147.0K

Cap Rate 9%

$114,344 $114.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 530 SF

Gross rent

$15.9K $30.00/SF

− Vacancy

−$2.2K −$4.11/SF

EGI

$13.7K $25.89/SF

− OpEx

−$3.4K −$6.47/SF

NOI

$10.3K $19.42/SF

Area

Nash County, NC

Vacancy

13.70%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,820

Cap Rate 7%

$147,014

Cap Rate 9%

$114,344

Alternative Uses

Best Use

Office B

$147.0K

$128.6K – $171.5K (±1% cap)

NOI $10,291 @ 7.0% cap · market cap 1,210.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$174.7K

$152.9K – $203.9K (±1% cap)

NOI $12,232 @ 7.0% cap · market cap 1,439.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Allstate Insurance Agency Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Locksmith Bakery Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

206

Businesses Nearby

Explore this area Business Placement

Demographics for 27882, NC

7,648

Population

3,898

Households

2

Avg Household Size

43

Median Age

14%

College-Educated

84%

High-School Grad

103.6 sq mi

ZIP Area

74

Density / Sq Mi

$55,972

Median Household Income

$41,296

Median Earnings

$822

Median Rent

$161,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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End-Cap Flex Space

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Frequently Asked Questions

What type of property is this?

Office unit - A dedicated bathroom and separate entry give this office suite a self-contained layout.

Where is this office unit located?

The property is located at 109 E Bunn Lane Spring Hope, NC.

What are key features of this property?

This property features: 530 square feet, including the in‑unit bathroom; Separate entrance and private bathroom; Street‑side or rear parking available