Commercial Land with Existing
For Sale
$395,000
160 Kinston Highway, Richlands, NC 28574
HB-zoned site includes a highway-facing home and a separate building suited to office, retail, or salon use.
Property Size1,290 SF
Price / SF$306.20
Days on Market525
Property Features for 160 Kinston Highway
General Information
Standard status
Active
Size
1,290 SF
Property subtype
Commercial
Zoning
HB
Amenities
No
Yes
0.3
80x182x75x163
Asbestos,Vinyl Siding
On Site
Paved
City Street,State Road,4+ Lanes,Paved
1290.0
Building Details
Year Built
1958
Listing Agency:
COLDWELL BANKER SEA COAST ADVANTAGE
(912) 233-6000
Listed By:
Jon Peters
(813) 508-3977
Source:
Baystreetrealtygroup
Added: May 6, 2025
Changed: Oct 11
Last Checked: Oct 11 at 4:53AM
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 COLDWELL BANKER SEA COAST ADVANTAGE
Investment Insights
Based on property information with market context.
This HB-zoned commercial land offering includes approximately 0.3 acres with a 3-bedroom single-family home positioned along the highway. The existing residence measures 1,290 square feet and may support office, retail shop, or salon use. A separate rear building adds approximately 1,300 square feet with a reception area, small office, and full bath. The property was built in 1958.
Frontage includes 80 feet along US Hwy 258 and an additional 75 feet on Huffmantown Road. Reported traffic counts on US Hwy 258 are 21,000, and Walmart is located less than half a mile away. The site is within the Richlands ETJ and is located at 160 Kinston Highway in Richlands, North Carolina.
Frontage includes 80 feet along US Hwy 258 and an additional 75 feet on Huffmantown Road. Reported traffic counts on US Hwy 258 are 21,000, and Walmart is located less than half a mile away. The site is within the Richlands ETJ and is located at 160 Kinston Highway in Richlands, North Carolina.
Key Highlights
- Approximately 0.3 acres zoned HB
- 80 feet of frontage on US Hwy 258
- Additional 75 feet of frontage on Huffmantown Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,803
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,060
$296.1K
Cap Rate 7%
$211,471
$211.5K
Cap Rate 9%
$164,478
$164.5K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$23.2K $18.00/SF
− Vacancy
−$3.5K −$2.70/SF
EGI
$19.7K $15.30/SF
− OpEx
−$4.9K −$3.82/SF
NOI
$14.8K $11.48/SF
Area
Onslow County, NC
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,060
Cap Rate 7%
$211,471
Cap Rate 9%
$164,478
Alternative Uses
Best Use
Office B
$211.5K
$185.0K – $246.7K
NOI $14,803 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.2K
$245.2K – $326.9K
NOI $19,616 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 28574, NC
18,689
Population
8,055
Households
2.3
Avg Household Size
32
Median Age
20%
College-Educated
94%
High-School Grad
124.0 sq mi
ZIP Area
151
Density / Sq Mi
$66,555
Median Household Income
$38,605
Median Earnings
$1,123
Median Rent
$204,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - HB-zoned site includes a highway-facing home and a separate building suited to office, retail, or salon use.
Where is this commercial land located?
The property is located at 160 Kinston Highway Richlands, NC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Approximately 0.3 acres zoned HB; 80 feet of frontage on US Hwy 258; Additional 75 feet of frontage on Huffmantown Road
