Multi-Building Storefront
2707 Royall Avenue, Goldsboro, NC 27534
For Sale
$695,000
Commercial Sale, Goldsboro, NC
Property Size2,731 SF
Lot Size1.49 Acres
Price / SF$254.49
Days on Market489
Property Features for 2707 Royall Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Heating system
Building Details
Year built
Listing Agency:
Wayne Realty
(919) 735-1341
Listed By:
Bob Logan · License NC #72422
(919) 735-1876
Added: Jul 10, 2025
Changed: Oct 20
Last Checked: Nov 10 at 5:06PM
MLS# 100518562
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.
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Investment Insights
Based on property information with market context.
This storefront property contains 2,731 square feet across six buildings on 1.49 acres. Three buildings are currently leased. The main building was formerly occupied by the seller, while two additional buildings have been used for storage. The property was built in 1955 and has electric heating.
The site is located at 2707 Royall Avenue in Goldsboro, North Carolina, within Wayne County. NB zoning applies to the property.
The site is located at 2707 Royall Avenue in Goldsboro, North Carolina, within Wayne County. NB zoning applies to the property.
Key Highlights
- 2,731‑square‑foot storefront property on 1.49 acres
- Six buildings included in the property
- Three buildings currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,516
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,320
$670.3K
Cap Rate 7%
$478,800
$478.8K
Cap Rate 9%
$372,400
$372.4K
Market Conditions
NOI Build-Up for 2,731 SF
Gross rent
$49.2K $18.00/SF
− Vacancy
−$1.3K −$0.47/SF
EGI
$47.9K $17.53/SF
− OpEx
−$14.4K −$5.26/SF
NOI
$33.5K $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%
$670,320
Cap Rate 7%
$478,800
Cap Rate 9%
$372,400
Alternative Uses
Best Use
Retail
$478.8K
$419.0K – $558.6K
NOI $33,516 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.20M
$1.92M – $2.56M
NOI $153,694 @ 7.0% cap · market cap 22.11%
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
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
604k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Shops & Services 23%
Dining 21%
Office Supplies 3%
Walmart
Superstores
93,651 visits/mo
0.3 miles
Sam's Club
Superstores
93,302 visits/mo
0.3 miles
Target
Superstores
81,235 visits/mo
0.3 miles
Five Below
Shops & Services
40,458 visits/mo
0.4 miles
Sheetz
Shops & Services
34,703 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Southern Flowers — 2822 Cashwell Dr, Goldsboro, NC 27534
- FTH Florist — 415 N Berkeley Blvd, Goldsboro, NC 27534
- Sam's Club Floral — 2811 N Park Dr, Goldsboro, NC 27534
- Flowers For You Inc — 1208 B Parkway Dr, Goldsboro, NC 27534
Frequently Asked Questions
What type of property is this?
Storefront property - Six buildings include three leased structures, a former owner-occupied main building, and two buildings used for storage.
Where is this storefront property located?
The property is located at 2707 Royall Avenue Goldsboro, NC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,731‑square‑foot storefront property on 1.49 acres; Six buildings included in the property; Three buildings currently leased
