Highway Commercial
New
For Sale
$500,000
511 Spring Branch Rd, Dunn, NC 28334
C-3 zoning, city water and sewer, and a layout with office, kitchen, dining, and storage areas support varied business operations.
Property Size3,232 SF
Price / SF$154.70
Days on Market2
Property Features for 511 Spring Branch Rd
General Information
Standard status
Active
Size
3,232 SF
Building Details
Year Built
1960
Listing Agency:
John Wayne Hudson Realty INC.
Listed By:
John Wayne Hudson
(919) 820-1548
Source:
Tcrnc
Added: Sep 30
Last Checked: Sep 30 at 2:51PM
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 John Wayne Hudson Realty INC.
Investment Insights
Based on property information with market context.
The 3,232-square-foot storefront sits on a 0.42-acre lot and contains a large central area, an office, kitchen and dining space, two restrooms, and a storage room. Built in 1960, the building has served as a convenience store, gas station, and church. It is zoned C-3 (Highway Commercial) and has city water and sewer service.
The property is near I-95 Exit 72 in Dunn, by the Pope Road and Spring Branch Road roundabout. Former gas tanks have been removed, remediation was completed, and the property received an NCDEQ Letter of No Further Action.
The property is near I-95 Exit 72 in Dunn, by the Pope Road and Spring Branch Road roundabout. Former gas tanks have been removed, remediation was completed, and the property received an NCDEQ Letter of No Further Action.
Key Highlights
- 3,232‑square‑foot building on a 0.42‑acre lot
- C‑3 (Highway Commercial) zoning
- Central area, office, kitchen and dining space, two restrooms, and storage
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
$28,630
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
5.73%
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%
$572,600
$572.6K
Cap Rate 7%
$409,000
$409.0K
Cap Rate 9%
$318,111
$318.1K
Market Conditions
NOI Build-Up for 3,232 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
$44.6K $13.80/SF
− Vacancy
−$3.7K −$1.15/SF
EGI
$40.9K $12.65/SF
− OpEx
−$12.3K −$3.80/SF
NOI
$28.6K $8.86/SF
Area
Harnett County, NC
Vacancy
8.30%
Lease Rate
$13.80 /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%
$572,600
Cap Rate 7%
$409,000
Cap Rate 9%
$318,111
Alternative Uses
Best Use
Retail
$409.0K
$357.9K – $477.2K
NOI $28,630 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$703.6K
$615.6K – $820.8K
NOI $49,249 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
64k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 33%
Hotels & Casinos 13%
Cracker Barrel Old Country Store
Dining
24,705 visits/mo
0.4 miles
Exxon
Shops & Services
17,860 visits/mo
0.5 miles
Sagebrush Steakhouse
Dining
10,110 visits/mo
0.4 miles
Hampton Inn Dunn
Hotels & Casinos
4,298 visits/mo
0.4 miles
Fairfield Inn & Suites by Marriott Dunn I-95
Hotels & Casinos
1,891 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - C-3 zoning, city water and sewer, and a layout with office, kitchen, dining, and storage areas support varied business operations.
Where is this storefront property located?
The property is located at 511 Spring Branch Rd Dunn, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,232‑square‑foot building on a 0.42‑acre lot; C‑3 (Highway Commercial) zoning; Central area, office, kitchen and dining space, two restrooms, and storage
