Building Details

Year built 1960

Building materials Brick Veneer

Listing Agency: Ellis Barbour & Sons, Inc. Show Phone

Listed By: Wayne Barbour · License #43106 Show Phone

Added: Jul 10 Changed: Oct 8 Last Checked: Oct 11 at 1:06AM

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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.

This 1,250-square-foot brick office and retail building occupies a 0.5-acre corner lot and was constructed in 1960. The property carries C-3 zoning and is suited to commercial use within the storefront category.

The building fronts US Hwy 421, identified as one of Harnett County’s main thoroughfares, and is convenient to I-95. Its corner positioning places the property along a prominent commercial corridor in Dunn, North Carolina.

Key Highlights

• 1,250‑square‑foot brick office and retail building
• 0.5‑acre corner lot
• C‑3 zoning

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 (±1% cap)

NOI $13,621 @ 7.0% cap · market cap 3.03%

Second Best

Retail

$158.2K

$138.4K – $184.6K (±1% cap)

NOI $11,073 @ 7.0% cap · market cap 2.46%

Theoretical Best

Office A

$272.1K

$238.1K – $317.5K (±1% cap)

NOI $19,048 @ 7.0% cap · market cap 4.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Parker & Frey Law ... Law Firm

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Furniture & Home Goods Garden Center Cafe & Coffee Shop

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

Lease Details

Yes

Highway 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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Brick office and retail building on a commercially visible corner along a primary thoroughfare.

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: 1,250‑square‑foot brick office and retail building; 0.5‑acre corner lot; C‑3 zoning