Commercial Space in Goldsboro,
For Sale
$98,000
414 South John St, Goldsboro, NC 27530
Adaptable commercial space suitable for retail, office, or automotive businesses.
Property Size1,107 SF
Lot Size0.13 Acres
Price / SF$88.53
Days on Market185
Property Features for 414 South John St
General Information
Standard status
Active
Property type
Auto shops, Automotive properties, Other restaurants, Other office properties, Retail properties & Spaces, Restaurants, Office Spaces
Size
1,107 SF
Net Rentable
1,107 SF
Class
C
Total Parking Spaces
25
Lot size
0.13 Acres
Building Details
Year Built
1954
Year Renovated
1995
Buildings
1
Stories
1
Listing Agency:
KW Commercial | Keller Williams Realty - Points East | Tim Ferruzzi
Listed By:
Tim Ferruzzi · License #89665,NC
(910) 729-9180
Added: Apr 14
Changed: Aug 3
Investment Insights
Based on property information with market context.
Located at 414 South John Street in Goldsboro, North Carolina, this commercial property offers 1107 square feet of space on a 0.13-acre lot. The property is suitable for a variety of business operations, including a convenient store, restaurant, auto repair shop, tire shop, office, day care, or service business. This adaptable commercial space is suitable for retail, office, or automotive businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,940
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
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
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 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 63.57%
Second Best
Office B
$206.0K
$180.2K – $240.3K
NOI $14,418 @ 7.0% cap · market cap 14.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Grady's Discount Used Tyres — 1822 US-117, Goldsboro, NC 27530
- Budget Auto Glass — 2105 S Koonce St, Goldsboro, NC 27530, United States
- Public Tire Warehouse — 1608 US-117, Goldsboro, NC 27530
- Oliver's Truck Center & Salvage Inc. — 2598477654, 1407 US-117, Goldsboro, NC 27530
- Bob's Muffler Shops Inc — 1215 U.S, 117 South St, Goldsboro, NC 27530
Frequently Asked Questions
What type of property is this?
Auto shop - Adaptable commercial space suitable for retail, office, or automotive businesses.
Where is this auto shop located?
The property is located at 414 South John St Goldsboro, NC.
What is the asking price?
The asking price for this property is $98,000.
