Retail Building with Open
For Sale
$1,495,000
177 N Sycamore St, Aberdeen, NC 28315
Single-tenant commercial property with multiple access points, on-site parking, and CB zoning in an established downtown setting.
Property Size8,500 SF
Lot Size0.65 Acres
Price / SF$175.88
Days on Market19
Property Features for 177 N Sycamore St
General Information
Standard status
Active
Size
8,500 SF
Lot size
0.65 Acres
Property subtype
Commercial
Zoning
CB
Site & Location
Corner Location
Yes
Road Access
Yes
Amenities
onsite parking lot
building signage
rear drive-in overhead door
Building Details
Year Built
1980
Tenancy
Single
Listing Agency:
Carolina Summit Group, LLC
Listed By:
George Manley · License #265776
(910) 603-8395
Source:
Coastalrealtyassociates
Added: Aug 16
Changed: Sep 1
Last Checked: Sep 2 at 6:32PM
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 Carolina Summit Group, LLC
Investment Insights
Based on property information with market context.
This single-tenant retail property contains approximately 8,500 square feet on about 0.65 acres. The building was constructed in 1980 and includes an expansive open interior with drop ceilings, a rear drive-in overhead door, and a former food service area. Building signage and an on-site parking lot are also included.
The property occupies the corner of N. Sycamore Street and Knight Street in downtown Aberdeen, with additional access from Talbooth Street. CB (Central Business) zoning and the adaptable interior support a range of commercial configurations. The site is available for sale, with access and parking features serving the existing retail-oriented layout.
The property occupies the corner of N. Sycamore Street and Knight Street in downtown Aberdeen, with additional access from Talbooth Street. CB (Central Business) zoning and the adaptable interior support a range of commercial configurations. The site is available for sale, with access and parking features serving the existing retail-oriented layout.
Key Highlights
- Approximately 8,500 SF single‑tenant retail building
- About 0.65 acres with on‑site parking lot
- Corner position at N. Sycamore Street and Knight Street
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
$69,754
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
4.67%
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%
$1,395,080
$1.4M
Cap Rate 7%
$996,486
$996.5K
Cap Rate 9%
$775,044
$775.0K
Market Conditions
NOI Build-Up for 8,500 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
$119.3K $14.04/SF
− Vacancy
−$19.7K −$2.32/SF
EGI
$99.6K $11.72/SF
− OpEx
−$29.9K −$3.52/SF
NOI
$69.8K $8.21/SF
Area
Moore County, NC
Vacancy
16.50%
Lease Rate
$14.04 /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%
$1,395,080
Cap Rate 7%
$996,486
Cap Rate 9%
$775,044
Alternative Uses
Best Use
Retail
$996.5K
$871.9K – $1.16M
NOI $69,754 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,376 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
6,088 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
824 visits/mo
0.2 miles
Demographics for 28315, NC
13,500
Population
6,350
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
65.0 sq mi
ZIP Area
208
Density / Sq Mi
$73,079
Median Household Income
$45,644
Median Earnings
$1,131
Median Rent
$279,700
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?
Retail space - Single-tenant commercial property with multiple access points, on-site parking, and CB zoning in an established downtown setting.
Where is this retail space located?
The property is located at 177 N Sycamore St Aberdeen, NC.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Approximately 8,500 SF single‑tenant retail building; About 0.65 acres with on‑site parking lot; Corner position at N. Sycamore Street and Knight Street
