Mixed-Use Property with Auto
For Sale
$850,000
389 Turnage Barefoot Lane, Dunn, NC 28334
Commercial buildings and a brick ranch residence occupy a property along I-95.
Property Size3,875 SF
Lot Size3.00 Acres
Price / SF$219.35
Days on Market16
Property Features for 389 Turnage Barefoot Lane
General Information
Standard status
Active
Size
3,875 SF
Lot size
3.00 Acres
Property subtype
Commercial
Zoning
COMM
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, residential
Service Bays
3
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$4,369
Amenities
4 oversized garage doors
office/half bath
3 auto lifts
Built-in Features
Ceiling Fan(s)
Crown Molding
Laminate Counters
Stone Counters
Rain Gutters
Building Details
Building Size
3,875 SF
Year Built
1978
Stories
1
Listing Agency:
O'Meara Realty Group Inc.
Listed By:
Donald O'Meara · License #282330
(919) 937-2618
Source:
Egglestonrealestate
Added: Oct 15
Changed: Oct 30
Last Checked: Oct 29 at 7:24PM
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 O'Meara Realty Group Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property in Dunn includes a brick ranch residence with 3 bedrooms and 2 full baths, a commercial building with 4 oversized garage doors, an office and half bath, and a separate building with office space. The commercial building is equipped with 3 auto lifts.
The property fronts I-95 and is zoned COMM. It comprises two parcels, which may be acquired separately. Highway sign rentals are associated with both the developed portion and the vacant parcel.
The property fronts I-95 and is zoned COMM. It comprises two parcels, which may be acquired separately. Highway sign rentals are associated with both the developed portion and the vacant parcel.
Key Highlights
- Commercial building features 4 oversized garage doors and 3 auto lifts
- Brick ranch residence has 3 bedrooms and 2 full baths
- Separate building includes office space; main commercial building has an office and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,326
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,520
$686.5K
Cap Rate 7%
$490,371
$490.4K
Cap Rate 9%
$381,400
$381.4K
Market Conditions
NOI Build-Up for 3,875 SF
Gross rent
$53.5K $13.80/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$49.0K $12.65/SF
− OpEx
−$14.7K −$3.80/SF
NOI
$34.3K $8.86/SF
Area
Harnett County, NC
Vacancy
8.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,520
Cap Rate 7%
$490,371
Cap Rate 9%
$381,400
Alternative Uses
Best Use
Retail
$490.4K
$429.1K – $572.1K
NOI $34,326 @ 7.0% cap · market cap 4.04%
Second Best
Mixed Use
$392.3K
$343.3K – $457.7K
NOI $27,464 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$843.5K
$738.1K – $984.1K
NOI $59,048 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 28334, NC
23,697
Population
10,339
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
86%
High-School Grad
160.3 sq mi
ZIP Area
148
Density / Sq Mi
$54,527
Median Household Income
$37,967
Median Earnings
$826
Median Rent
$171,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial buildings and a brick ranch residence occupy a property along I-95.
Where is this mixed-use property located?
The property is located at 389 Turnage Barefoot Lane Dunn, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Commercial building features 4 oversized garage doors and 3 auto lifts; Brick ranch residence has 3 bedrooms and 2 full baths; Separate building includes office space; main commercial building has an office and half bath
