Building Details

Tenancy Single

Listing Agency: B+E

Listed By: Carson Jeremiah · License #FL SL3466868 Show Phone

Source: Crexi

Added: May 8 Changed: Sep 9 Last Checked: Sep 14 at 7:09AM

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Investment Insights

Based on property information with market context.

This for-sale retail storefront property offers a total size of 4,386 square feet. The offering is classified as retail real estate and storefront space, providing a straightforward footprint for retail-oriented use.

The property is located at 142 8th Avenue in Cramerton, North Carolina 28032.

For additional details regarding the current layout, condition, or improvements, please contact the listing team for the property materials and disclosures associated with this sale.

Key Highlights

• For sale retail storefront property totaling 4,386 SF
• Located at 142 8th Avenue in Cramerton, NC

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

$53,845

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

3.94%

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%

$1,076,900 $1.1M

Cap Rate 7%

$769,214 $769.2K

Cap Rate 9%

$598,278 $598.3K

Market Conditions

NOI Build-Up for 4,386 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

$83.2K $18.96/SF

− Vacancy

−$6.2K −$1.42/SF

EGI

$76.9K $17.54/SF

− OpEx

−$23.1K −$5.26/SF

NOI

$53.8K $12.28/SF

Area

Gaston County, NC

Vacancy

7.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

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%

$1,076,900

Cap Rate 7%

$769,214

Cap Rate 9%

$598,278

Alternative Uses

Best Use

Retail

$769.2K

$673.1K – $897.4K (±1% cap)

NOI $53,845 @ 7.0% cap · market cap 3.94%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,632 @ 7.0% cap · market cap 7.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Building Supply Hair Salon Electrical Service

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

Location Intelligence

Trade Area within ½ mile

182

Businesses Nearby

72k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 42% Dining 35% Shops & Services 22%

Food Lion Grocery Store Groceries

30,565 visits/mo 0.1 miles

Burger King Dining

25,602 visits/mo 0.2 miles

Shell Shops & Services

9,204 visits/mo 0.2 miles

Dollar General Shops & Services

7,080 visits/mo 0.1 miles

Demographics for 28032, NC

3,279

Population

1,664

Households

2

Avg Household Size

43

Median Age

43%

College-Educated

95%

High-School Grad

2.1 sq mi

ZIP Area

1,561

Density / Sq Mi

$74,085

Median Household Income

$65,625

Median Earnings

$1,016

Median Rent

$273,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 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 retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - For sale retail storefront property totaling 4,386 square feet at 142 8th Avenue in Cramerton, NC.

Where is this retail space located?

The property is located at 142 8th Avenue Cramerton, NC.

What is the asking price?

The asking price for this property is $1,366,000.

What are key features of this property?

This property features: For sale retail storefront property totaling 4,386 SF; Located at 142 8th Avenue in Cramerton, NC