Office Units in Former Bank
300 N Hayne St Monroe, NC 28110
For Sale
Contact for pricing
Four downtown office units in a former bank building, with 7,721 square feet currently occupied by two tenants.
Property Size9,828 SF
Price / SF$183.15
Days on Market203
Property Features for 300 N Hayne St
General Information
Standard status
Active
Size
9,828 SF
Property subtype
OFFICE
Listing Agency:
Walt Perry Realty
(704) 507-8128
Listed By:
Jessica Perry
(704) 507-8128
Source:
Moodyscre
Added: Jan 8
Changed: Jul 30
Last Checked: Jul 30 at 3:41AM
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 Walt Perry Realty
Investment Insights
Based on property information with market context.
300 N Hayne St is a mixed-use office property featuring approximately 9,828 square feet of commercial space across four units in Monroe’s downtown core. The building is described as a former bank, with an architectural presence and prominent street frontage and landmark visibility.
Approximately 7,721 square feet are currently occupied by two tenants. The property is also noted as being just outside Monroe’s historic designation, so it is stated as not being on the Historic Registry.
The location is positioned for daily professional and service use in a walkable downtown setting near the courthouse, government offices, local businesses, and civic anchors.
Approximately 7,721 square feet are currently occupied by two tenants. The property is also noted as being just outside Monroe’s historic designation, so it is stated as not being on the Historic Registry.
The location is positioned for daily professional and service use in a walkable downtown setting near the courthouse, government offices, local businesses, and civic anchors.
Key Highlights
- Approximately 9,828 SF commercial space across four office units
- Approximately 7,721 SF currently occupied by two tenants
- Former bank building with prominent street frontage and landmark visibility
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.9k | $26.04 |
| − Vacancy | −$51.4k | −$5.23 |
| EGI | $204.5k | $20.81 |
| − OpEx | −$51.1k | −$5.20 |
| NOI | $153.4k | $15.60 |
9,828 SF · lease $26.04/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,361 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.54M
NOI $212,497 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Four downtown office units in a former bank building, with 7,721 square feet currently occupied by two tenants.
Where is this office units located?
The property is located at 300 N Hayne St Monroe, NC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 9,828 SF commercial space across four office units; Approximately 7,721 SF currently occupied by two tenants; Former bank building with prominent street frontage and landmark visibility
