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    Retail Building in Pink Hill Title is generated by Realmo AI

    202 S Pine Street, Pink Hill, NC 28572

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    For Sale
    $150,000

    COMMERCIAL - Pink Hill, NC

    Property size:
    7,518 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $19/SF
    Added:
    Feb 23, 2026
    Days on Market:
    82
    Last Refresh:
    May 16 at 2:06 am

    Property Features for 202 S Pine Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm
    Parking
    15
    Standard status
    Active
    APN
    347711561638
    Size
    7,518 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    202 S Pine St Linda Vista Supermarket L / Deed book 1451 pg 94
    Tax Annual Amount
    2174

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1944
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block, Stone, Wood Frame
    Roof type
    Flat

    We can help!

    Listing Contact
    Jason Long

    Listing agent Jason Long License #339470

    Listing office Nathan Perry Realty LLC 416 N Queen St, Kinston, NC

    Listing date Feb 23, 2026

    MLS# 100556246

    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.

    HighLights

    • Large commercial retail building with approximately 8760 square feet on a corner lot.
    • Includes open retail area, multiple storage areas, and four walk‑in coolers.
    • Previously operated as a supermarket with deli and full kitchen; certain equipment conveys.
    • Approximately 15 on‑site parking spaces.
    • Flexible layout suitable for a variety of commercial uses.
    • Convenient utilities: Electricity Available, Public Water.

    Overview

    This commercial retail building, situated on a corner lot in Pink Hill, North Carolina, contains approximately 8760 square feet. The property includes approximately 15 on-site parking spaces. Previously operated as a supermarket with a deli and full kitchen, the building features an open retail area, multiple storage areas located behind the retail space, and four walk-in coolers. Certain kitchen and deli equipment will convey with the property. Located at 202 S Pine Street, Pink Hill, NC 28572, the property occupies a 0.42-acre lot. The building has been vacant and will require renovation and improvements. The layout provides flexibility for a variety of permitted commercial uses. The property is being sold as-is. The property size is 7518 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Linda Vista Supermarket Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Linda Vista Supermarket — 202 S Pine St, Pink Hill, NC 28572

    Location Insight

    • Map
    • Local Demand
    City
    Pink Hill
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.746487
    Latitude
    35.053277

    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial retail building in Pink Hill, NC, for sale.
    Where is this grocery and convenience store located?
    The property is located at 202 S Pine Street Pink Hill, NC.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Large commercial retail building with approximately 8760 square feet on a corner lot.; Includes open retail area, multiple storage areas, and four walk‑in coolers.; Previously operated as a supermarket with deli and full kitchen; certain equipment conveys.
    (252) 775-0855
    We can help!
    Listing Contact
    Jason Long
    Real Estate License ID: 339470
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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