Prime Commercial Land
1283 Nc-50, Benson, NC 27504
New
- Added:
- May 29, 2026
- Days on Market:
- 3
- Last Refresh:
- May 31 at 7:06 pm
Property Features for 1283 Nc-50
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security
- Interior features
- Shower Only, Storage
- Appliances
- Electric Water Heater, Microwave, Refrigerator
- Standard status
- Active
- Size
- 7,840 SF
- Lot size
- 2.59 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Parcel ID: 01-F-11-002-E
- Tax Annual Amount
- 962
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1965
- Flooring type
- Concrete
- Building materials
- Block, Concrete
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Lee Pilkington (919) 902-4746
Listing office Coldwell Banker Advantage-Smit 1360 N Brightleaf Blvd, Smithfield, NC (919) 300-0207
Listing date May 29, 2026
MLS# 10170604
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.
HighLights
- Prime commercial location near I‑95 and I‑40 intersection
- High visibility and easy access, only 0.2 miles from I‑95 exit ramp
- Neighboring Vulcan Elements Magnet Company, the largest of its kind in North America
- Existing 78x40 building ready for use or expansion
- 2.59‑acre property with timber production potential and two ponds
- Billboard on property line for additional income
Overview
This 2.59-acre commercial property is located one mile from the intersection of I-95 and I-40, and two-tenths of a mile from the I-95 exit ramp on Main Street Highway. The property includes an existing 7840-square-foot building. The land has two ponds and timber production potential. A billboard on the property line offers additional income potential. The property neighbors Vulcan Elements Magnet Company.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.6k | $9.00 |
| − Vacancy | −$4.9k | −$0.63 |
| EGI | $65.6k | $8.37 |
| − OpEx | −$19.7k | −$2.51 |
| NOI | $45.9k | $5.86 |
7,840 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$656.2K
$574.2K – $765.6K
NOI $45,935 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,025 @ 7.0% cap · market cap 30.24%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Benson
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.534962
- Latitude
- 35.373902
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 2.59-acre commercial land near I-95 and I-40 intersection.
Where is this commercial land located?
The property is located at 1283 Nc-50 Benson, NC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Prime commercial location near I‑95 and I‑40 intersection; High visibility and easy access, only 0.2 miles from I‑95 exit ramp; Neighboring Vulcan Elements Magnet Company, the largest of its kind in North America
