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    Goldsboro Commercial Property For Sale Title is generated by Realmo AI

    401 N James Street, Goldsboro, NC 27530

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    Pending
    $168,500

    COMMERCIAL - Goldsboro, NC

    Type:Office
    Property size:
    1,491 SF
    Lot size:
    0.39 Acres
    Added:
    Jan 1, 2026
    Days on Market:
    134
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 401 N James Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking
    11
    Vegetation
    Brush, Partially Wooded
    Interior features
    High Ceilings, Laminate Counters, Open Floorplan, Pantry, Storage, Vaulted Ceiling(s)
    Exterior features
    Awning(s), Private Entrance, Rain Gutters
    Appliances
    Free-Standing Refrigerator
    Standard status
    Pending
    APN
    2599878559
    Size
    1,491 SF
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    N James St
    Tax Annual Amount
    1587

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1967
    Floors in Building
    1
    Flooring type
    Carpet, Laminate
    Building materials
    Wood Siding
    Roof type
    Shake
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Victoria Block

    Listing agent Victoria Block

    Listing office Northside Realty Inc. 4701 Creedmoor Rd, Ste.105, Raleigh, NC

    Listing date Jan 1, 2026

    MLS# 10140527

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Close to downtown Goldsboro, less than half a mile from the Wayne County Courthouse, and approximately 3 miles from Wayne Community College and the hospital.
    • Recent Improvements: Features a new 2024 roof and 2025 exterior painting.
    • Ample Parking: Includes a paved on‑site parking lot for convenient employee and client parking.
    • Flexible Interior: Offers four potential private offices, two conference rooms, two bathrooms, and a kitchenette with washer and dryer hookups.
    • Adaptable Layout: The floor plan can be customized to suit a wide range of business needs.
    • Functional Amenities: Includes high ceilings, laminate counters, open floor plan, pantry, storage, vaulted ceilings, awning(s), private entrance, rain gutters, and central heating and cooling.

    Overview

    Located near downtown Goldsboro, this commercial property offers accessibility and visibility. Situated less than half a mile from the Wayne County Courthouse and approximately 3 miles from Wayne Community College and the hospital, the location is suitable for professional offices, administrative services, medical or medical-adjacent use, and other permitted business operations. The property is positioned on a 0.39-acre lot and includes a paved on-site parking lot. The building has been improved with a 2024 roof and 2025 exterior painting. The interior layout includes four potential private offices, two conference rooms, two bathrooms, and a kitchenette equipped with washer and dryer hookups. The flexible floor plan allows for customization to suit a wide range of business needs. The property has 1491 square feet of space. County regulations prohibit entertainment-related uses at this property. With its location, recent updates, ample parking, and adaptable interior layout, this property presents an opportunity for businesses seeking a functional commercial space in Goldsboro.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $660.1K
    NOI $59,409 @ 9.00% cap · cautious / downside scenario
    Moderate
    $848.7K
    NOI $59,409 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.19M
    NOI $59,409 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $114.9k $77.04
    − Vacancy −$15.9k −$10.63
    EGI $99.0k $66.41
    − OpEx −$39.6k −$26.56
    NOI $59.4k $39.85
    1,491 SF · lease $77.04/SF/yr · vacancy 13.80% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $848.7K
    $742.6K – $990.2K (±1% cap)
    NOI $59,409 @ 7.0% cap · market cap 35.26%
    Second Best
    Office B
    $277.4K
    $242.8K – $323.7K (±1% cap)
    NOI $19,420 @ 7.0% cap · market cap 11.53%
    Theoretical Best
    Specialty Retail
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $83,910 @ 7.0% cap · market cap 49.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.997261
    Latitude
    35.387826

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    FAQs

    What type of property is this?
    Office units - Commercial property near downtown Goldsboro with recent updates and ample parking.
    Where is this office units located?
    The property is located at 401 N James Street Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $168,500.
    What are key features of this property?
    This property features: Prime Location: Close to downtown Goldsboro, less than half a mile from the Wayne County Courthouse, and approximately 3 miles from Wayne Community College and the hospital.; Recent Improvements: Features a new 2024 roof and 2025 exterior painting.; Ample Parking: Includes a paved on‑site parking lot for convenient employee and client parking.
    (919) 720-2664
    We can help!
    Listing Contact
    Victoria Block
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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