Building Details

Year built 1972

Listing Agency: Wayne Realty Show Phone

Listed By: Bob Logan · License #72422 Show Phone

Added: Sep 10 Changed: Oct 20 Last Checked: Oct 30 at 11:06AM

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MLS# 100602903

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Investment Insights

Based on property information with market context.

The property comprises a 9,193-square-foot commercial building on a 0.55-acre parcel at 2302 Wayne Memorial Drive. Constructed in 1972, the building was formerly occupied by Wayne Pharmacy and is heated by electricity.

The property is located in Goldsboro, Wayne County, North Carolina, with zoning identified as GB & O&I-I. Its commercial building format and existing interior area provide a defined physical asset for a future owner or occupant to evaluate.

Key Highlights

• 9,193‑square‑foot commercial building
• 0.55‑acre parcel
• Former Wayne Pharmacy building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$112,820

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,256,400 $2.3M

Cap Rate 7%

$1,611,714 $1.6M

Cap Rate 9%

$1,253,556 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,193 SF

Gross rent

$165.5K $18.00/SF

− Vacancy

−$4.3K −$0.47/SF

EGI

$161.2K $17.53/SF

− OpEx

−$48.4K −$5.26/SF

NOI

$112.8K $12.27/SF

Area

Wayne County, NC

Vacancy

2.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,256,400

Cap Rate 7%

$1,611,714

Cap Rate 9%

$1,253,556

Alternative Uses

Best Use

Specialty Retail

$7.39M

$6.47M – $8.62M (±1% cap)

NOI $517,361 @ 7.0% cap · market cap 34.49%

Second Best

Retail

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,820 @ 7.0% cap · market cap 7.52%

Theoretical Best

—

—

same as Best Use

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

Wayne Pharmacy Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

810

Businesses Nearby

172k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 67% Groceries 25% Shops & Services 6% Electronics 1%

McDonald's Dining

39,173 visits/mo 0.2 miles

Harris Teeter Groceries

35,033 visits/mo 0.2 miles

Starbucks Dining

19,571 visits/mo 0.1 miles

Taco Bell Dining

15,593 visits/mo 0.4 miles

Wendy's Dining

12,857 visits/mo 0.1 miles

Demographics for 27534, NC

30,844

Population

15,158

Households

2

Avg Household Size

38

Median Age

29%

College-Educated

91%

High-School Grad

73.1 sq mi

ZIP Area

422

Density / Sq Mi

$59,950

Median Household Income

$39,686

Median Earnings

$1,106

Median Rent

$187,700

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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Similar Off Market Nearby

• Pharmacy — 1809 Wayne Memorial Dr, Goldsboro, NC 27534
• Harris Teeter Pharmacy — 2120 Wayne Memorial Dr, Goldsboro, NC 27534
• Pharmacy — Goldsboro, NC 27534
• CBD American Shaman — 2138 Wayne Memorial Dr, Goldsboro, NC 27534
• Aaron J. Dunets, PharmD — 2203 Wayne Memorial Dr, Goldsboro, NC 27534

Frequently Asked Questions

What type of property is this?

Drug store - Existing commercial building with substantial interior area and GB & O&I-I zoning.

Where is this drug store located?

The property is located at 2302 Wayne Memorial Drive Goldsboro, NC.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 9,193‑square‑foot commercial building; 0.55‑acre parcel; Former Wayne Pharmacy building