Brick Office/Retail Corner
For Sale
$450,000
1206 W Cumberland Street, Dunn, NC 28334
COMMERCIAL - Dunn, NC
Property Size1,250 SF
Lot Size0.50 Acres
Price / SF$360
Days on Market48
Property Features for 1206 W Cumberland Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Standard status
Active
APN
02151609080009
Size
1,250 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DB 4057 PG 486
Tax Annual Amount
2332
Legal Description
DB 4057 PG 486
Building Details
Year built
1960
Building materials
Brick Veneer
Listing Agency:
Ellis Barbour & Sons, Inc.
(910) 892-3185
Listed By:
Wayne Barbour · License #43106
(910) 514-3594
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 26 at 2:06AM
MLS# 10179298
Copyright © 2026 Doorify 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.
Brick office/retail building offered on a corner lot, positioned in a high-visibility area. The property is zoned C-3 and has an approximate size of 1,250 square feet on 0.5 acres.
Located at 1206 W Cumberland Street in Dunn, NC, the property is on US Hwy 421 and described as convenient to I-95, placing it along one of Harnett County’s main thoroughfares.
Located at 1206 W Cumberland Street in Dunn, NC, the property is on US Hwy 421 and described as convenient to I-95, placing it along one of Harnett County’s main thoroughfares.
Key Highlights
- Brick veneer office/retail building built in 1960
- Corner lot location on US Hwy 421, on one of Harnett County’s main thoroughfares
- Convenient access to I‑95
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,621
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick office and retail building on a corner lot with high-visibility frontage on US Hwy 421.
Where is this storefront property located?
The property is located at 1206 W Cumberland Street 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 veneer office/retail building built in 1960; Corner lot location on US Hwy 421, on one of Harnett County’s main thoroughfares; Convenient access to I‑95
