Building Details

Year Built 1960

Buildings 4

Construction masonry

Listing Agency: GRANT-MURRAY REAL ESTATE LLC. i***@aol.com Show Phone

Listed By: KEVIN CARROLL · License #363322 Show Phone

Source: Dwellraleigh

Added: Aug 10 Changed: Oct 29 Last Checked: Oct 29 at 6:48PM

Report an Issue

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 GRANT-MURRAY REAL ESTATE LLC.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,428-square-foot conditioned masonry flex facility sits on 1.42 acres and includes three offices, a reception area, a meeting room, a lounge, and 400 square feet of upstairs open space. Staff amenities include two ADA-accessible restrooms, two showers, and a utility room with washer and dryer hookups. The heated apparatus bays include electronic overhead doors and a 90-foot drive-through bay. Three wired storage buildings are on site, one with three-phase power; the property also has two water wells, an upgraded septic system, fiber internet, and a 30 kW backup generator.

At 2140 Wade Stedman Road in eastern Cumberland County, the property has approximately 300 feet of road frontage and access to Fayetteville and Interstate 95. The site also features commercial kitchen facilities, keyless entry, security cameras, exterior lighting, a marquee, and a flagpole. Built in 1960, the facility is offered for sale.

Key Highlights

• 5,428‑square‑foot conditioned masonry building on 1.42 acres
• Approximately 300 feet of frontage along Wade Stedman Road
• 90‑foot heated drive‑through bay with electronic overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,766

Cap Rate

8.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$815,320 $815.3K

Cap Rate 7%

$582,371 $582.4K

Cap Rate 9%

$452,956 $453.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,428 SF

Gross rent

$68.4K $12.60/SF

− Vacancy

−$5.7K −$1.05/SF

EGI

$62.7K $11.55/SF

− OpEx

−$22.0K −$4.04/SF

NOI

$40.8K $7.51/SF

Area

Cumberland County, NC

Vacancy

8.30%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$815,320

Cap Rate 7%

$582,371

Cap Rate 9%

$452,956

Alternative Uses

Best Use

Industrial

$789.2K

$690.5K – $920.7K (±1% cap)

NOI $55,243 @ 7.0% cap · market cap 11.63%

Second Best

Flex RnD

$582.4K

$509.6K – $679.4K (±1% cap)

NOI $40,766 @ 7.0% cap · market cap 8.58%

Theoretical Best

Office A

$1.30M

$1.13M – $1.51M (±1% cap)

NOI $90,794 @ 7.0% cap · market cap 19.11%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Repair Shop Restaurant Storage Facility Butcher

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

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 28391, NC

5,476

Population

2,414

Households

2.3

Avg Household Size

42

Median Age

20%

College-Educated

92%

High-School Grad

39.3 sq mi

ZIP Area

139

Density / Sq Mi

$70,227

Median Household Income

$48,008

Median Earnings

$875

Median Rent

$184,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Heated vehicle bays and wired outbuildings support equipment-intensive service operations.

Where is this flex space located?

The property is located at 2140 Wade Stedman Road Stedman, NC.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 5,428‑square‑foot conditioned masonry building on 1.42 acres; Approximately 300 feet of frontage along Wade Stedman Road; 90‑foot heated drive‑through bay with electronic overhead doors