Brick Mixed-Use
For Sale
$450,000
1206 W Cumberland St, Dunn, NC 28334
Corner-lot office and retail building along a major Harnett County thoroughfare with access to I-95.
Property Size1,250 SF
Price / SF$360
Days on Market62
Property Features for 1206 W Cumberland St
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Business Opportunity
Building Details
Year Built
1960
Listing Agency:
Ellis Barbour & Sons, Inc.
Listed By:
Wayne Barbour · License #43106
(910) 514-3594
Source:
Tcrnc
Added: Aug 14
Changed: Oct 3
Last Checked: Oct 7 at 3:06PM
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 Ellis Barbour & Sons, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property is a brick office and retail building constructed in 1960. The asset occupies a corner lot and provides a combination of office and storefront functionality within one commercial building.
The property is located at 1206 W Cumberland St in Dunn, along US Hwy 421, identified as one of Harnett County’s main thoroughfares. Its position offers convenient access to I-95 and places the building within a prominent highway-oriented commercial setting.
The property is located at 1206 W Cumberland St in Dunn, along US Hwy 421, identified as one of Harnett County’s main thoroughfares. Its position offers convenient access to I-95 and places the building within a prominent highway-oriented commercial setting.
Key Highlights
- Brick office and retail building constructed in 1960
- Located on a corner lot at 1206 W Cumberland St, Dunn, NC 28334
- Positioned along US Hwy 421, one of Harnett County’s main thoroughfares
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,621
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,420
$272.4K
Cap Rate 7%
$194,586
$194.6K
Cap Rate 9%
$151,344
$151.3K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$21.8K $17.40/SF
− Vacancy
−$3.6K −$2.87/SF
EGI
$18.2K $14.53/SF
− OpEx
−$4.5K −$3.63/SF
NOI
$13.6K $10.90/SF
Area
Harnett County, NC
Vacancy
16.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,420
Cap Rate 7%
$194,586
Cap Rate 9%
$151,344
Alternative Uses
Best Use
Office B
$194.6K
$170.3K – $227.0K
NOI $13,621 @ 7.0% cap · market cap 3.03%
Second Best
Retail
$158.2K
$138.4K – $184.6K
NOI $11,073 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$272.1K
$238.1K – $317.5K
NOI $19,048 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 28334, NC
23,697
Population
10,339
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
86%
High-School Grad
160.3 sq mi
ZIP Area
148
Density / Sq Mi
$54,527
Median Household Income
$37,967
Median Earnings
$826
Median Rent
$171,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot office and retail building along a major Harnett County thoroughfare with access to I-95.
Where is this mixed-use property located?
The property is located at 1206 W Cumberland St Dunn, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Brick office and retail building constructed in 1960; Located on a corner lot at 1206 W Cumberland St, Dunn, NC 28334; Positioned along US Hwy 421, one of Harnett County’s main thoroughfares
