Multifamily
For Sale
$330,000
Pending
4413 W Church Street A B C & D, Farmville, NC 27828
Within walking distance of downtown Farmville’s art galleries, restaurants, theater, and shops.
Property Size4,014 SF
Days on Market47
Property Features for 4413 W Church Street A B C & D
General Information
Standard status
Pending
Size
4,014 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
just a little tic
Building Details
Year Built
1901
Tenancy
Multi
Listing Agency:
Lee and Harrell Real Estate Professionals
Listed By:
Kevin Lee · License #186173
(252) 327-9668
Source:
Bradberrygarnerrealestate
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 1 at 11:09PM
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 Lee and Harrell Real Estate Professionals
Investment Insights
Based on property information with market context.
This multifamily property contains 4,014 square feet and dates to 1901. The listed address identifies components designated A, B, C, and D.
The property is within walking distance of downtown Farmville, with nearby art galleries, restaurants, a theater, and shops.
The property is within walking distance of downtown Farmville, with nearby art galleries, restaurants, a theater, and shops.
Key Highlights
- 4,014‑square‑foot multifamily property
- Built in 1901
- Address identifies components A, B, C, and D
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
$24,956
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
7.56%
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%
$499,120
$499.1K
Cap Rate 7%
$356,514
$356.5K
Cap Rate 9%
$277,289
$277.3K
Market Conditions
NOI Build-Up for 4,014 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
$48.2K $12.00/SF
− Vacancy
−$2.8K −$0.70/SF
EGI
$45.4K $11.30/SF
− OpEx
−$20.4K −$5.09/SF
NOI
$25.0K $6.22/SF
Area
Pitt County, NC
Vacancy
5.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$499,120
Cap Rate 7%
$356,514
Cap Rate 9%
$277,289
Alternative Uses
Best Use
Apartment 5plus
$356.5K
$312.0K – $415.9K
NOI $24,956 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$873.8K
$764.6K – $1.02M
NOI $61,166 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 27828, NC
8,673
Population
4,006
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
84%
High-School Grad
79.3 sq mi
ZIP Area
109
Density / Sq Mi
$53,523
Median Household Income
$36,970
Median Earnings
$947
Median Rent
$156,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Within walking distance of downtown Farmville’s art galleries, restaurants, theater, and shops.
Where is this multifamily property located?
The property is located at 4413 W Church Street A B C & D Farmville, NC.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 4,014‑square‑foot multifamily property; Built in 1901; Address identifies components A, B, C, and D
