Building Details

Year Built 1980

Tenancy Single

Listing Agency: Carolina Summit Group, LLC

Listed By: George Manley · License #265776 Show Phone

Source: Searchgreateraugustahomes

Added: Jul 18 Changed: Oct 1 Last Checked: Oct 19 at 7:17AM

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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

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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.

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 / Yr

$69,754

Cap Rate

4.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,395,080 $1.4M

Cap Rate 7%

$996,486 $996.5K

Cap Rate 9%

$775,044 $775.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,500 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $113,376 @ 7.0% cap · market cap 7.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

LibertyX Bitcoin ATM Atm Davenport's Galaxy Grocery & Convenience Store ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy (Bike/Boat/Book/etc) Store Electrical Service Nail Salon

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

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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