Retail Building with Drive-In
New
For Sale
$1,495,000
177 N Sycamore Street, Aberdeen, NC 28315
Commercial Sale, Aberdeen, NC
Property Size8,500 SF
Lot Size0.65 Acres
Price / SF$175.88
Days on Market5
Property Features for 177 N Sycamore Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Parking features
Off Street, Parking Lot
Subdivision
Not In Subdivision
Lot features
Corner Lot
Directions
Take US-1 S/N Sandhills Blvd from Southern Pines towards Aberdeen. Turn left onto Knight Street. Property is located at the end of Knight Street at the intersection with N Sycamore St on the right
Standard status
Active
APN
00048488
Size
8,500 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
118 X 115
Legal Description
118 X 115
Utilities
Heating system
Electric (Heating)
Amenities
onsite parking lot
building signage
rear drive-in overhead door
Building Details
Year built
1980
Listing Agency:
Carolina Summit Group, LLC
(910) 684-5353
Listed By:
George Manley · License #265776
(910) 603-8395
Added: Aug 21
Changed: Aug 24
Last Checked: Aug 25 at 2:06PM
MLS# 100598496
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-tenant retail property provides approximately 8,500 square feet on a 0.65-acre site in downtown Aberdeen. The building includes a broad open sales area, drop ceilings, a rear drive-in overhead door, and a former food service section. On-site parking, building signage, and electric heating are in place. Built in 1980, the property is zoned CB, or Central Business.
Access is available from N. Sycamore Street, Knight Street, and Talbooth Street, with the building positioned at the corner of N. Sycamore Street and Knight Street. The property is available for sale or lease with NNN lease terms and includes an off-street parking lot. Its existing layout combines open retail space with service-oriented improvements and rear loading functionality.
Access is available from N. Sycamore Street, Knight Street, and Talbooth Street, with the building positioned at the corner of N. Sycamore Street and Knight Street. The property is available for sale or lease with NNN lease terms and includes an off-street parking lot. Its existing layout combines open retail space with service-oriented improvements and rear loading functionality.
Key Highlights
- Approximately 8,500 SF single‑tenant retail building
- 0.65‑acre site in downtown Aberdeen
- CB (Central Business) zoning
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 space with open interior, parking, signage, and access from three downtown streets.
Where is this retail space located?
The property is located at 177 N Sycamore Street 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; 0.65‑acre site in downtown Aberdeen; CB (Central Business) zoning
