Retail Storefront with Multiple
New
For Sale
$339,000
3133 Vass-Carthage Road, Carthage, NC 28327
Commercial Sale, Carthage, NC
Property Size1,296 SF
Lot Size0.41 Acres
Price / SF$261.57
Days on Market7
Property Features for 3133 Vass-Carthage Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Parking features
Paved or Surfaced, Parking Lot, Off Street
Lot features
Interior Lot
Directions
From Rt 1: Take Brothers Rd exit; LEFT on Valley View Rd; LEFT on S Connecticut Ave; CONTINUE to Niagara-Carthage Rd; LEFT on Vass-Carthage Rd.; Property is immediately on the RIGHT. From McCaskill Rd: RIGHT on Farm Life School Rd.; RIGHT on Vass-Carthage Rd; Property is on LEFT just before intersection with Niagara-Carthage Rd.
Standard status
Active
APN
99000278
Size
1,296 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BIBEY LAND LOT 2
Tax Annual Amount
463
Legal Description
BIBEY LAND LOT 2
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Private, Well
Building Details
Year built
1994
Flooring type
Concrete
Building materials
Vinyl Siding, Wood Frame
Roof type
Composition
Listing Agency:
eXp Realty
(888) 584-9431
Listed By:
Lydia Macinta · License #302081
(910) 695-5789
Added: Aug 15
Changed: Aug 20
Last Checked: Aug 21 at 12:06AM
MLS# 100596370
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.
Investment Insights
Based on property information with market context.
This 1296-square-foot retail storefront, built in 1994, has a reception lobby, work area, additional retail space, separate work room, bathroom, office, laundry and storage room, and tanning room. Concrete flooring runs throughout the building, which has vinyl siding and wood-frame construction. A heat pump is identified as brand new as of April 2026.
The property includes a paved parking lot, handicapped parking, a ramp, and two additional exits beyond the front entrance. Plumbing is installed in multiple areas, supporting the existing bathroom and offering documented infrastructure for potential bathroom or kitchen additions. The building is currently zoned B-1 for business retail and is served by a private well and septic tank. It occupies 0.41 acres at 3133 Vass-Carthage Road in Carthage, NC.
The property includes a paved parking lot, handicapped parking, a ramp, and two additional exits beyond the front entrance. Plumbing is installed in multiple areas, supporting the existing bathroom and offering documented infrastructure for potential bathroom or kitchen additions. The building is currently zoned B-1 for business retail and is served by a private well and septic tank. It occupies 0.41 acres at 3133 Vass-Carthage Road in Carthage, NC.
Key Highlights
- 1296 square feet on 0.41 acres
- Currently zoned B‑1 for business retail
- Interior includes reception, retail, work, office, storage, laundry, and tanning rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$212,700
$212.7K
Cap Rate 7%
$151,929
$151.9K
Cap Rate 9%
$118,167
$118.2K
Market Conditions
NOI Build-Up for 1,296 SF
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.
Gross rent
$18.2K $14.04/SF
− Vacancy
−$3.0K −$2.32/SF
EGI
$15.2K $11.72/SF
− OpEx
−$4.6K −$3.52/SF
NOI
$10.6K $8.21/SF
Area
Moore County, NC
Vacancy
16.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$212,700
Cap Rate 7%
$151,929
Cap Rate 9%
$118,167
Alternative Uses
Best Use
Retail
$151.9K
$132.9K – $177.3K
NOI $10,635 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$247.0K
$216.1K – $288.1K
NOI $17,287 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28327, NC
18,118
Population
7,874
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
94%
High-School Grad
186.6 sq mi
ZIP Area
97
Density / Sq Mi
$84,850
Median Household Income
$43,066
Median Earnings
$1,362
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - B-1 retail building with paved parking, ramp access, and flexible interior rooms.
Where is this storefront property located?
The property is located at 3133 Vass-Carthage Road Carthage, NC.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1296 square feet on 0.41 acres; Currently zoned B‑1 for business retail; Interior includes reception, retail, work, office, storage, laundry, and tanning rooms
