Private-Entry Office
For Sale
Contact for pricing
111 S Pine Street, Spring Hope, NC 27882
A dedicated entrance and parking options at the street or behind the building support independent office access.
Property Size346 SF
Price / SF$2.17
Days on Market101
Property Features for 111 S Pine Street
General Information
Standard status
Active
Size
346 SF
Property subtype
Commercial
Zoning
C-CB
Additional Details
Property Use
Office
Building Details
Building Size
346 SF
Year Built
1910
Listing Agency:
Threshold Real Estate LLC
Listed By:
Hawley Harris Team · License #C40473
(252) 326-6970
Source:
Gibbseliterealty
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 23 at 2:27PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit offers 346 square feet of space, with the stated area excluding the bathroom. The unit has its own entrance, and the building dates to 1910.
Parking is available along the street or at the rear of the property, providing two options for visitors and occupants.
Parking is available along the street or at the rear of the property, providing two options for visitors and occupants.
Key Highlights
- 346 square feet, excluding the bathroom
- Private entrance to the office unit
- Street‑side or rear parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,718
Suggested Prices Based on Cap Rates
Cap Rate 5%
$134,360
$134.4K
Cap Rate 7%
$95,971
$96.0K
Cap Rate 9%
$74,644
$74.6K
Market Conditions
NOI Build-Up for 346 SF
Gross rent
$10.4K $30.00/SF
− Vacancy
−$1.4K −$4.11/SF
EGI
$9.0K $25.89/SF
− OpEx
−$2.2K −$6.47/SF
NOI
$6.7K $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%
$134,360
Cap Rate 7%
$95,971
Cap Rate 9%
$74,644
Alternative Uses
Best Use
Office B
$96.0K
$84.0K – $112.0K
NOI $6,718 @ 7.0% cap · market cap 895.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$114.1K
$99.8K – $133.1K
NOI $7,985 @ 7.0% cap · market cap 1,064.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Frequently Asked Questions
What type of property is this?
Office unit - A dedicated entrance and parking options at the street or behind the building support independent office access.
Where is this office unit located?
The property is located at 111 S Pine Street Spring Hope, NC.
What are key features of this property?
This property features: 346 square feet, excluding the bathroom; Private entrance to the office unit; Street‑side or rear parking available
