Wide-Open Retail
For Sale
$999,000
1530 N Bragg Blvd, Spring Lake, NC 28390
Flexible commercial space with an open interior layout, road frontage, and on-site parking.
Property Size8,200 SF
Price / SF$121.83
Days on Market315
Property Features for 1530 N Bragg Blvd
General Information
Standard status
Active
Size
8,200 SF
Property subtype
Commercial
Building Details
Year Built
2014
Listing Agency:
EXIT REALTY PREFERRED
Listed By:
ANTHONY RAY SHERRILL · License #353597
(910) 904-7355
Source:
Fayettevillehomesource
Added: Nov 9, 2025
Changed: Sep 18
Last Checked: Sep 20 at 9:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT REALTY PREFERRED
Investment Insights
Based on property information with market context.
This 8,200-square-foot retail property was built in 2014 and offers a broad, open interior suitable for reconfiguration. The building includes road frontage and on-site parking, supporting customer-facing commercial operations.
Located at 1530 N Bragg Blvd in Spring Lake, the property is near Fort Bragg and established businesses. The real estate is offered for sale separately from the existing gym business, allowing the purchaser to acquire the building without that operating business.
Located at 1530 N Bragg Blvd in Spring Lake, the property is near Fort Bragg and established businesses. The real estate is offered for sale separately from the existing gym business, allowing the purchaser to acquire the building without that operating business.
Key Highlights
- 8,200‑square‑foot retail property built in 2014
- Open interior layout with flexible reconfiguration potential
- Road frontage along N Bragg Blvd
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
$80,011
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
8.01%
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%
$1,600,220
$1.6M
Cap Rate 7%
$1,143,014
$1.1M
Cap Rate 9%
$889,011
$889.0K
Market Conditions
NOI Build-Up for 8,200 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
$118.1K $14.40/SF
− Vacancy
−$3.8K −$0.46/SF
EGI
$114.3K $13.94/SF
− OpEx
−$34.3K −$4.18/SF
NOI
$80.0K $9.76/SF
Area
Cumberland County, NC
Vacancy
3.20%
Lease Rate
$14.40 /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%
$1,600,220
Cap Rate 7%
$1,143,014
Cap Rate 9%
$889,011
Alternative Uses
Best Use
Retail
$1.14M
$1.00M – $1.33M
NOI $80,011 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.29M
NOI $137,162 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Shops & Services 4%
IHOP
Dining
11,374 visits/mo
0.2 miles
Circle K
Shops & Services
454 visits/mo
0.4 miles
Demographics for 28390, NC
23,799
Population
10,204
Households
2.3
Avg Household Size
31
Median Age
28%
College-Educated
93%
High-School Grad
60.2 sq mi
ZIP Area
395
Density / Sq Mi
$58,750
Median Household Income
$36,678
Median Earnings
$1,151
Median Rent
$195,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with an open interior layout, road frontage, and on-site parking.
Where is this retail space located?
The property is located at 1530 N Bragg Blvd Spring Lake, NC.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 8,200‑square‑foot retail property built in 2014; Open interior layout with flexible reconfiguration potential; Road frontage along N Bragg Blvd
