Goldsboro Retail and Gas
For Sale
Contact for pricing
420 E New Hope Road, Goldsboro, NC 27534
Retail and gas property for sale in Goldsboro, North Carolina.
Property Size2,106 SF
Price / SF$1,266
Days on Market200
Property Features for 420 E New Hope Road
General Information
Standard status
Active
Size
2,106 SF
Class
A
Property subtype
Retail
Zoning
GB
Building Details
Year Built
1998
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Alvin Mansour · License #TX 0606255
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 8 at 3:13PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This commercial property, suitable for retail and gas station use, is located in Goldsboro, North Carolina. The property has a size of 2106 square feet.
Key Highlights
- Visit the property website for a full marketing package.
- Property website: https:\/\/themansourgroup.com\/properties\/310578\/7‑eleven‑speedway‑c‑store‑gas
- Property is a 7‑Eleven Speedway C‑Store Gas location.
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
$118,521
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
4.44%
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%
$2,370,420
$2.4M
Cap Rate 7%
$1,693,157
$1.7M
Cap Rate 9%
$1,316,900
$1.3M
Market Conditions
NOI Build-Up for 2,106 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
$162.2K $77.04/SF
− Vacancy
−$4.2K −$2.00/SF
EGI
$158.0K $75.04/SF
− OpEx
−$39.5K −$18.76/SF
NOI
$118.5K $56.28/SF
Area
Wayne County, NC
Vacancy
2.60%
Lease Rate
$77.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,370,420
Cap Rate 7%
$1,693,157
Cap Rate 9%
$1,316,900
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,521 @ 7.0% cap · market cap 4.44%
Second Best
Retail
$369.2K
$323.1K – $430.8K
NOI $25,846 @ 7.0% cap · market cap 0.97%
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
109
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Shops & Services 37%
Food Lion Grocery Store
Groceries
19,754 visits/mo
0.3 miles
Speedway
Shops & Services
7,853 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,777 visits/mo
0.3 miles
Demographics for 27534, NC
30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
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 - Retail and gas property for sale in Goldsboro, North Carolina.
Where is this gas station located?
The property is located at 420 E New Hope Road Goldsboro, NC.
What is the asking price?
The asking price for this property is $2,666,667.
What are key features of this property?
This property features: Visit the property website for a full marketing package.; Property website: https:\/\/themansourgroup.com\/properties\/310578\/7‑eleven‑speedway‑c‑store‑gas; Property is a **7‑Eleven Speedway C‑Store Gas location.**
