Religious Facility on Corner
For Sale
$1,000,000
401 W Cumberland, Dunn, NC 28334
COMMERCIAL - Dunn, NC
Property Size12,500 SF
Lot Size1.03 Acres
Price / SF$80
Days on Market243
Property Features for 401 W Cumberland
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OI
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Standard status
Active
APN
02151610110002
Size
12,500 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DB 895,915 PG 159-160, 451-453
Tax Annual Amount
6894
Legal Description
DB 895,915 PG 159-160, 451-453
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Ellis Barbour & Sons, Inc.
(910) 892-3185
Listed By:
Wayne Barbour · License #43106
(910) 514-3594
Added: Dec 15, 2025
Changed: Aug 4
Last Checked: Aug 15 at 9:06AM
MLS# 10137380
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.
Investment Insights
Based on property information with market context.
Multi-use brick facility offered for sale, built in 1940 and situated on a 1.03-acre corner lot. The property includes a 12,500 SF building and offers flexibility for multiple uses. Interior finishes include carpet and vinyl flooring, with electric heating and forced air, plus central air cooling. A shingle roof and accessible approach with a ramp support a practical, everyday operating environment.
The property is located on US Highway 421 in a high-traffic commercial corridor in Dunn, NC, providing strong visibility. The site is served by public water and public sewer.
Zoned OI, this property is positioned for tenants or operators seeking a versatile building on a corner lot with highway frontage and straightforward utilities.
The property is located on US Highway 421 in a high-traffic commercial corridor in Dunn, NC, providing strong visibility. The site is served by public water and public sewer.
Zoned OI, this property is positioned for tenants or operators seeking a versatile building on a corner lot with highway frontage and straightforward utilities.
Key Highlights
- 12,500 SF multi‑use building
- 1.03‑acre corner lot
- Located on US Highway 421 for visibility
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
$64,701
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
6.47%
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%
$1,294,020
$1.3M
Cap Rate 7%
$924,300
$924.3K
Cap Rate 9%
$718,900
$718.9K
Market Conditions
NOI Build-Up for 12,500 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
$97.5K $7.80/SF
− Vacancy
−$5.1K −$0.41/SF
EGI
$92.4K $7.39/SF
− OpEx
−$27.7K −$2.22/SF
NOI
$64.7K $5.18/SF
Area
Harnett County, NC
Vacancy
5.20%
Lease Rate
$7.80 /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%
$1,294,020
Cap Rate 7%
$924,300
Cap Rate 9%
$718,900
Alternative Uses
Best Use
Flex RnD
$1.48M
$1.29M – $1.72M
NOI $103,379 @ 7.0% cap · market cap 10.34%
Second Best
Industrial
$924.3K
$808.8K – $1.08M
NOI $64,701 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,476 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
863
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Church & religious facility - Brick multi-use facility on a corner lot with central air, public water and sewer, and accessible ramp entry.
Where is this church & religious facility located?
The property is located at 401 W Cumberland Dunn, NC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12,500 SF multi‑use building; 1.03‑acre corner lot; Located on US Highway 421 for visibility
