Building Details

Year Built 2026

Listing Agency: Hometowne Realty

Listed By: Adam McKnight · License #285591 Show Phone

Source: Barefootbrokers

Added: Jul 24 Changed: Oct 14 Last Checked: Oct 7 at 5:24PM

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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 Hometowne Realty

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Investment Insights

Based on property information with market context.

This planned shopping center will include six individual storybook-style buildings, with four units currently identified for pre-lease. The available spaces are intended for retail occupancy and range from 400 SF to 1050 SF. Year-built designation is 2026.

Located at 310 N Peedin Avenue C in Pine Level, North Carolina, the project is positioned in the downtown area. Its multi-unit layout provides a defined setting for retailers seeking space within a new neighborhood commercial center.

Key Highlights

• Four of six planned units are available for pre‑lease
• Retail‑oriented shopping center with six planned storybook buildings
• Available unit sizes range from 400 SF to 1050 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,629

Suggested Prices Based on Cap Rates

Cap Rate 5%

$132,580 $132.6K

Cap Rate 7%

$94,700 $94.7K

Cap Rate 9%

$73,656 $73.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 540 SF

Gross rent

$10.2K $18.96/SF

− Vacancy

−$768 −$1.42/SF

EGI

$9.5K $17.54/SF

− OpEx

−$2.8K −$5.26/SF

NOI

$6.6K $12.28/SF

Area

Johnston County, NC

Vacancy

7.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$132,580

Cap Rate 7%

$94,700

Cap Rate 9%

$73,656

Alternative Uses

Best Use

Retail

$94.7K

$82.9K – $110.5K (±1% cap)

NOI $6,629 @ 7.0% cap · market cap 441.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$163.4K

$142.9K – $190.6K (±1% cap)

NOI $11,435 @ 7.0% cap · market cap 762.33%

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

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Plumbing Service Storage Facility Garden Center Furniture & Home Goods Bakery (Bike/Boat/Book/etc) Store

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

90

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Parkside Cafe Dining

3,488 visits/mo 0.3 miles

Demographics for 27568, NC

1,187

Population

630

Households

1.9

Avg Household Size

41

Median Age

22%

College-Educated

92%

High-School Grad

1.2 sq mi

ZIP Area

989

Density / Sq Mi

$72,639

Median Household Income

$37,319

Median Earnings

$881

Median Rent

$233,100

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?

Shopping center - New retail units are planned within a six-building center designed for neighborhood-serving storefronts.

Where is this shopping center located?

The property is located at 310 N Peedin Avenue C Pine Level, NC.

What are key features of this property?

This property features: Four of six planned units are available for pre‑lease; Retail‑oriented shopping center with six planned storybook buildings; Available unit sizes range from 400 SF to 1050 SF