Corner Mixed-Use
For Sale
$369,900
201 S Orange Ave, Dunn, NC 28334
Flexible commercial building with paved parking, hardwood interiors, and a detached storage structure for additional operational space.
Property Size3,154 SF
Price / SF$117.28
Days on Market38
Property Features for 201 S Orange Ave
General Information
Standard status
Active
Size
3,154 SF
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Year Built
1923
Buildings
2
Building Size
3,154 SF
Listing Agency:
RE/MAX SIGNATURE REALTY
(919) 669-8848
Listed By:
GAIL ADAMS · License #206708
Source:
Tcrnc
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 30 at 12:10PM
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 RE/MAX SIGNATURE REALTY
Investment Insights
Based on property information with market context.
This 3,154-square-foot mixed-use property includes a primary commercial building with a flexible interior arrangement, multiple entry points, open work areas, and space for private offices. Hardwood flooring extends throughout the main structure, supporting a range of office or retail configurations. A separate storage building adds dedicated room for inventory, equipment, or supplies.
The property occupies a corner site at 201 S Orange Ave in Dunn, North Carolina, with access along HWY 421. A large paved parking area serves customers, employees, and deliveries. Constructed in 1923, the property combines an established building footprint with adaptable commercial space and supplemental storage.
The property occupies a corner site at 201 S Orange Ave in Dunn, North Carolina, with access along HWY 421. A large paved parking area serves customers, employees, and deliveries. Constructed in 1923, the property combines an established building footprint with adaptable commercial space and supplemental storage.
Key Highlights
- 3,154‑square‑foot mixed‑use commercial building
- Corner property at 201 S Orange Ave, Dunn, NC 28334
- Access along HWY 421
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
$27,939
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
7.55%
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%
$558,780
$558.8K
Cap Rate 7%
$399,129
$399.1K
Cap Rate 9%
$310,433
$310.4K
Market Conditions
NOI Build-Up for 3,154 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
$43.5K $13.80/SF
− Vacancy
−$3.6K −$1.15/SF
EGI
$39.9K $12.65/SF
− OpEx
−$12.0K −$3.80/SF
NOI
$27.9K $8.86/SF
Area
Harnett County, NC
Vacancy
8.30%
Lease Rate
$13.80 /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%
$558,780
Cap Rate 7%
$399,129
Cap Rate 9%
$310,433
Alternative Uses
Best Use
Office B
$491.0K
$429.6K – $572.8K
NOI $34,368 @ 7.0% cap · market cap 9.29%
Second Best
Retail
$399.1K
$349.2K – $465.7K
NOI $27,939 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$686.6K
$600.8K – $801.0K
NOI $48,061 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 28334, NC
23,697
Population
10,339
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
86%
High-School Grad
160.3 sq mi
ZIP Area
148
Density / Sq Mi
$54,527
Median Household Income
$37,967
Median Earnings
$826
Median Rent
$171,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Mixed-use property - Flexible commercial building with paved parking, hardwood interiors, and a detached storage structure for additional operational space.
Where is this mixed-use property located?
The property is located at 201 S Orange Ave Dunn, NC.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 3,154‑square‑foot mixed‑use commercial building; Corner property at 201 S Orange Ave, Dunn, NC 28334; Access along HWY 421
