3505 Masonboro Ct, Hope Mills, NC 28348

Building Details

Building Size 4,000 SF More

Year Built 1997 More

Listing Agency: Grant-Murray Real Estate

Listed By: Corey Croegaert · License NC #327556 Show Phone

Source: Grantmurrayre

Added: Aug 1 Changed: Nov 3 Last Checked: Nov 8 at 4:14AM

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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 Grant-Murray Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This warehouse property was constructed in 1997. The available information identifies the asset as a warehouse without additional details regarding size, layout, improvements, access, or tenancy.

Key Highlights

• Warehouse classification
• Constructed in 1997

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,053

Cap Rate

4.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$621,060 $621.1K

Cap Rate 7%

$443,614 $443.6K

Cap Rate 9%

$345,033 $345.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$39.8K $9.96/SF

− Vacancy

−$3.3K −$0.83/SF

EGI

$36.5K $9.13/SF

− OpEx

−$5.5K −$1.37/SF

NOI

$31.1K $7.76/SF

Area

Cumberland County, NC

Vacancy

8.30%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$621,060

Cap Rate 7%

$443,614

Cap Rate 9%

$345,033

Alternative Uses

Best Use

Warehouse

$443.6K

$388.2K – $517.6K (±1% cap)

NOI $31,053 @ 7.0% cap · market cap 4.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$955.8K

$836.4K – $1.12M (±1% cap)

NOI $66,908 @ 7.0% cap · market cap 9.70%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Packard Quinn & Sons ... Roofing Company

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Big Box & Wholesale Store 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

148

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 28348, NC

37,476

Population

14,413

Households

2.6

Avg Household Size

36

Median Age

22%

College-Educated

93%

High-School Grad

42.2 sq mi

ZIP Area

888

Density / Sq Mi

$65,213

Median Household Income

$39,270

Median Earnings

$1,111

Median Rent

$203,700

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Cumberland County, NC

$82.06 Jul

$69.99 Aug

$45.38 Sep

$56.77 Oct

Properties on Market for Warehouses in Cumberland County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Built in 1997 for commercial warehouse use.

Where is this warehouse located?

The property is located at 3505 Masonboro Ct Hope Mills, NC.

What is the asking price?

The asking price for this property is $690,000.

What are key features of this property?

This property features: Warehouse classification; Constructed in 1997