Building Details

Year Built 2012

Tenancy Single

Listing Agency: Berkeley Capital Advisors Charlotte

Listed By: Al Dickens · License #NC 317771

Source: Crexi

Added: May 22 Changed: Oct 13 Last Checked: Oct 14 at 7:43PM

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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 Berkeley Capital Advisors Charlotte

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Investment Insights

Based on property information with market context.

This 8,000-square-foot retail property was completed in 2012 and is identified with Family Dollar. The building carries Commercial zoning and is positioned at 302 North White Street in Whitakers, North Carolina.

The property is offered with an 8.25% CAP rate, providing a defined operating metric for evaluation. Its established retail format and recognizable occupant support straightforward consideration for commercial buyers.

Key Highlights

• Family Dollar retail property at 302 North White Street in Whitakers, NC 27891
• 8,000‑square‑foot retail building
• Completed in 2012

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,965

Cap Rate

8.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,619,300 $1.6M

Cap Rate 7%

$1,156,643 $1.2M

Cap Rate 9%

$899,611 $899.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$115.2K $14.40/SF

− Vacancy

−$7.2K −$0.91/SF

EGI

$108.0K $13.49/SF

− OpEx

−$27.0K −$3.37/SF

NOI

$81.0K $10.12/SF

Area

Nash County, NC

Vacancy

6.29%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,619,300

Cap Rate 7%

$1,156,643

Cap Rate 9%

$899,611

Alternative Uses

Best Use

Retail

$2.11M

$1.85M – $2.47M (±1% cap)

NOI $147,987 @ 7.0% cap · market cap 14.98%

Second Best

Specialty Retail

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,965 @ 7.0% cap · market cap 8.19%

Theoretical Best

Office A

$2.64M

$2.31M – $3.08M (±1% cap)

NOI $184,630 @ 7.0% cap · market cap 18.69%

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

Property Analytics

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Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Real Estate Agency Hair Salon Nail Salon

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

57

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Family Dollar Shops & Services

2,900 visits/mo 0.1 miles

Demographics for 27891, NC

4,626

Population

2,035

Households

2.3

Avg Household Size

48

Median Age

10%

College-Educated

82%

High-School Grad

141.0 sq mi

ZIP Area

33

Density / Sq Mi

$65,806

Median Household Income

$35,102

Median Earnings

$1,007

Median Rent

$128,400

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

Frequently Asked Questions

What type of property is this?

Retail space - Commercially zoned retail building completed in 2012 for an established national retail occupant.

Where is this retail space located?

The property is located at 302 North White Street Whitakers, NC.

What is the asking price?

The asking price for this property is $988,000.

What are key features of this property?

This property features: Family Dollar retail property at 302 North White Street in Whitakers, NC 27891; 8,000‑square‑foot retail building; Completed in 2012