Gas Station
For Sale
$97,000
414 S John Street, Goldsboro, NC 27530
Commercial Sale, Goldsboro, NC
Property Size1,107 SF
Lot Size0.14 Acres
Price / SF$87.62
Days on Market157
Property Features for 414 S John Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
10 - COMM
Subdivision
Not In Subdivision
Lot features
Corner Lot
Directions
Turn on to Elm St. from Bus 70/117. Building on corner of Elm and S John St.
Standard status
Active
APN
2599838853
Size
1,107 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
414 South John Street
Legal Description
414 South John Street
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1954
Building materials
Block
Listing Agency:
Keller Williams Realty Points East
(252) 355-6000
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Added: Mar 17
Changed: Aug 20
Last Checked: Aug 20 at 1:06AM
MLS# 100560932
Copyright © 2026 Hive 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.
This 1,107-square-foot commercial building in Goldsboro was constructed in 1954 with block construction. The property previously operated as a gas station and package store, providing an existing commercial building for continued evaluation under applicable zoning requirements.
Located at 414 S John Street in the historic uptown area, the property sits within a designated Historic District and is subject to local city regulations. Zoning is identified as 10 - COMM. Public water, public sewer, and water availability are documented for the site, which encompasses 0.14 acres.
Located at 414 S John Street in the historic uptown area, the property sits within a designated Historic District and is subject to local city regulations. Zoning is identified as 10 - COMM. Public water, public sewer, and water availability are documented for the site, which encompasses 0.14 acres.
Key Highlights
- 1,107‑square‑foot commercial building on a 0.14‑acre lot
- Previously used as a gas station and package store
- Located within Goldsboro’s Historic District
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
$4,940
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
5.09%
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%
$98,800
$98.8K
Cap Rate 7%
$70,571
$70.6K
Cap Rate 9%
$54,889
$54.9K
Market Conditions
NOI Build-Up for 1,107 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
$7.6K $6.84/SF
− Vacancy
−$515 −$0.47/SF
EGI
$7.1K $6.37/SF
− OpEx
−$2.1K −$1.91/SF
NOI
$4.9K $4.46/SF
Area
Wayne County, NC
Vacancy
6.80%
Lease Rate
$6.84 /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%
$98,800
Cap Rate 7%
$70,571
Cap Rate 9%
$54,889
Alternative Uses
Best Use
Specialty Retail
$890.0K
$778.7K – $1.04M
NOI $62,299 @ 7.0% cap · market cap 64.23%
Second Best
Retail
$194.1K
$169.8K – $226.4K
NOI $13,586 @ 7.0% cap · market cap 14.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 56%
Shops & Services 44%
Citi Trends
Apparel
4,638 visits/mo
0.5 miles
Family Dollar
Shops & Services
3,622 visits/mo
0.4 miles
Demographics for 27530, NC
37,470
Population
17,796
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
89%
High-School Grad
106.5 sq mi
ZIP Area
352
Density / Sq Mi
$55,507
Median Household Income
$37,696
Median Earnings
$827
Median Rent
$176,500
Median Home Value
Market
Vacancy Rate% for Retail 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?
Gas station - Historic District commercial property with public water and sewer service.
Where is this gas station located?
The property is located at 414 S John Street Goldsboro, NC.
What is the asking price?
The asking price for this property is $97,000.
What are key features of this property?
This property features: 1,107‑square‑foot commercial building on a 0.14‑acre lot; Previously used as a gas station and package store; Located within Goldsboro’s Historic District
