Building Details

Year Built 1937

Buildings 1

Stories 1

Units 1

Building Size 10,032 SF

Construction brick

Listing Agency: Century 21 Triangle Group - Flanagan CRE Team

Listed By: Pat Flanagan · License #295126 Show Phone

Source: Crexi

Added: Apr 2 Changed: Oct 14 Last Checked: Oct 16 at 8:57AM

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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 Century 21 Triangle Group - Flanagan CRE Team

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Investment Insights

Based on property information with market context.

Built in 1937, this 10,032-square-foot flex property combines a classic brick exterior with a divided interior designed for multiple commercial functions. Office areas occupy the front portion, providing dedicated space for client-facing or administrative activity, while the rear is configured as a large open-span warehouse suitable for inventory storage or production operations.

The property is located at 312 N Center St in downtown Goldsboro, North Carolina, within the GB: General Business zoning district. Its combination of office buildout, warehouse capacity, historic construction, and central downtown placement supports an owner-user configuration or a renovation-oriented commercial project.

Key Highlights

• 10,032 SF flex property in downtown Goldsboro
• Built in 1937 with a classic brick exterior
• Front section configured with professional office areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,767

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,340 $895.3K

Cap Rate 7%

$639,529 $639.5K

Cap Rate 9%

$497,411 $497.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,032 SF

Gross rent

$68.6K $6.84/SF

− Vacancy

−$4.7K −$0.47/SF

EGI

$64.0K $6.37/SF

− OpEx

−$19.2K −$1.91/SF

NOI

$44.8K $4.46/SF

Area

Wayne County, NC

Vacancy

6.80%

Lease Rate

$6.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,340

Cap Rate 7%

$639,529

Cap Rate 9%

$497,411

Alternative Uses

Best Use

Flex RnD

$6.53M

$5.71M – $7.62M (±1% cap)

NOI $457,150 @ 7.0% cap · market cap 65.32%

Second Best

Office B

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,665 @ 7.0% cap · market cap 18.67%

Theoretical Best

Specialty Retail

$8.07M

$7.06M – $9.41M (±1% cap)

NOI $564,578 @ 7.0% cap · market cap 80.67%

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

Property Analytics

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Current Use

A Cleaners (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Pharmacy Storage Facility Dental Office HVAC Service Kitchen & Bath Showroom Auto Parts 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

902

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 27530, NC

37,470

Population

17,796

Households

2.1

Avg Household Size

41

Median Age

22%

College-Educated

89%

High-School Grad

106.5 sq mi

ZIP Area

352

Density / Sq Mi

$55,507

Median Household Income

$37,696

Median Earnings

$827

Median Rent

$176,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Front office areas pair with a large open warehouse interior for versatile commercial use.

Where is this flex space located?

The property is located at 312 N Center St Goldsboro, NC.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: 10,032 SF flex property in downtown Goldsboro; Built in 1937 with a classic brick exterior; Front section configured with professional office areas