Office-Showroom with
For Sale
$379,000
3840 Legion Road, Hope Mills, NC 28348
A 3-acre site with frontage on a four-lane road, offering office/showroom space and a two-bay workshop with roll-up doors.
Property Size2,700 SF
Lot Size3.00 Acres
Price / SF$140.37
Days on Market308
Property Features for 3840 Legion Road
General Information
Standard status
Active
Size
2,700 SF
Lot size
3.00 Acres
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
Electric
3
Clear lot.
Listing Agency:
GRANT-MURRAY HOMES
(910) 987-7511
Listed By:
RAYMOND SHARP · License #258881
(910) 987-7511
Source:
Xome
Added: Oct 6, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:58AM
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 HOMES
Investment Insights
Based on property information with market context.
This for-sale property offers a combined office/showroom layout with additional workshop space on a 3-acre parcel. The existing improvements include approximately 1,700 sq. ft. of office/showroom space configured with multiple offices and 3 bathrooms, along with areas suited to conference and small group meetings. A separate 1,000 sq. ft. two-bay workshop is included, featuring roll-up doors for practical access and operations.
The site has approximately 200 feet of frontage on a four-lane Legion Road and provides convenient access to regional routes. The property’s size supports on-site parking and outdoor storage, and the existing structures may support renovation or adaptive reuse.
Overall, the configuration is suited for an owner-occupant or a business needing both customer-facing office/showroom space and a secured, functional workshop area within the same parcel.
The site has approximately 200 feet of frontage on a four-lane Legion Road and provides convenient access to regional routes. The property’s size supports on-site parking and outdoor storage, and the existing structures may support renovation or adaptive reuse.
Overall, the configuration is suited for an owner-occupant or a business needing both customer-facing office/showroom space and a secured, functional workshop area within the same parcel.
Key Highlights
- 3‑acre commercial parcel with approximately 200 ft frontage on Legion Rd (4‑lane).
- Includes about 1,700 SF office/showroom with 6 offices and 3 bathrooms.
- Two‑bay workshop totals about 1,000 SF with roll‑up doors.
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
$27,479
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
7.25%
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%
$549,580
$549.6K
Cap Rate 7%
$392,557
$392.6K
Cap Rate 9%
$305,322
$305.3K
Market Conditions
NOI Build-Up for 2,700 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
$42.1K $15.60/SF
− Vacancy
−$2.9K −$1.06/SF
EGI
$39.3K $14.54/SF
− OpEx
−$11.8K −$4.36/SF
NOI
$27.5K $10.18/SF
Area
Cumberland County, NC
Vacancy
6.80%
Lease Rate
$15.60 /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%
$549,580
Cap Rate 7%
$392,557
Cap Rate 9%
$305,322
Alternative Uses
Best Use
Office B
$504.1K
$441.1K – $588.1K
NOI $35,284 @ 7.0% cap · market cap 9.31%
Second Best
Industrial
$392.6K
$343.5K – $458.0K
NOI $27,479 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$645.2K
$564.5K – $752.7K
NOI $45,163 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
239
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Friends Upscale Catering — 3739 Legion Rd, Hope Mills, NC 28348
Frequently Asked Questions
What type of property is this?
Flex space - A 3-acre site with frontage on a four-lane road, offering office/showroom space and a two-bay workshop with roll-up doors.
Where is this flex space located?
The property is located at 3840 Legion Road Hope Mills, NC.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3‑acre commercial parcel with approximately 200 ft frontage on Legion Rd (4‑lane).; Includes about 1,700 SF office/showroom with 6 offices and 3 bathrooms.; Two‑bay workshop totals about 1,000 SF with roll‑up doors.
