Office-Showroom with
3840 Legion Road Unit 3840 Hope Mills, NC 28348
3840 Legion Road Unit 3840, Hope Mills, NC, 28348
$379,000
For Sale
$379,000
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 Market356
Property Features for 3840 Legion Road Unit 3840
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 3.00 Acres
- Property subtype
- Office
Listing agency
GRANT-MURRAY HOMES
(910) 987-7511
Listed by
RAYMOND SHARP · License ##258881
(910) 987-7511
Source
Xome
Added: Aug 2, 2025 Updated: Jul 22 at 7:28PM Checked: Jul 23 at 4:31AM
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.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $15.60 |
| − Vacancy | −$2.9k | −$1.06 |
| EGI | $39.3k | $14.54 |
| − OpEx | −$11.8k | −$4.36 |
| NOI | $27.5k | $10.18 |
2,700 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Master Pro Flooring
Carpet & Flooring Store
FaithWill Homes
Construction Company
masterprocabinet
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Friends Upscale Catering — 3739 Legion Rd, Hope Mills, NC 28348
FAQs
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 Unit 3840 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.
