Goldsboro Retail Building For
For Sale
$990,000
1406 W Gramtham Street, Goldsboro, NC 27530
SINGLE_FAMILY - Goldsboro, NC
Property Size6,537 SF
Lot Size1.18 Acres
Price / SF$151.45
Days on Market267
Property Features for 1406 W Gramtham Street
General Information
Property type
Residential
Property subtype
Retail
Zoning description
M1 - Industrial District
Parking
32
Parking features
Parking Lot
Security features
Security
Interior features
HighSpeedInternet
Subdivision
WAYNE COUNTY
Lot features
One To Two Acres, Cleared, Level
Directions
GPS
Standard status
Active
APN
2690221593
Size
6,537 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Description
LT 4 BORDEN FARM
Legal Description
LT 4 BORDEN FARM
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2001
Building materials
Concrete
Roof type
Tar/Gravel
Listing Agency:
VIP ROYAL SERVICE
(910) 987-9221
Listed By:
DONNIE ATCHISON · License #269782
(910) 987-9221
Added: Nov 6, 2025
Changed: Apr 27
Last Checked: Jul 31 at 12:06AM
MLS# 752981
Copyright © 2026 Longleaf Pine Realtors. 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.
Located at 1406 W Grantham St in Goldsboro, North Carolina, this building is situated on a four-lane road in Wayne County. The property is near local educational institutions, including North Drive Elementary School, Carver Heights Elementary School, and Dillard Middle School. The building has a size of 6,537 square feet and is positioned on a 1.18-acre lot.
Key Highlights
- Located on a 4‑lane road in Wayne County
- Features Central Air cooling
- Constructed with durable Concrete
Financial Insights For Retail
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 | $117.7k | $18.00 |
| − Vacancy | −$3.1k | −$0.47 |
| EGI | $114.6k | $17.53 |
| − OpEx | −$34.4k | −$5.26 |
| NOI | $80.2k | $12.27 |
6,537 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,225 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.26M
$4.60M – $6.13M
NOI $367,887 @ 7.0% cap · market cap 37.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27530, NC
37,470
Population
17,796
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
89%
High-School Grad
106.5 sq mi
ZIP Area
352
Density / Sq Mi
$55,507
Median Household Income
$37,696
Median Earnings
$827
Median Rent
$176,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building on a 1.18-acre lot in Goldsboro, NC.
Where is this storefront property located?
The property is located at 1406 W Gramtham Street Goldsboro, NC.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Located on a 4‑lane road in Wayne County; Features Central Air cooling; Constructed with durable Concrete
