Renovated
New
For Sale
$419,000
518 Queen Street, Grifton, NC 28530
Commercial Sale, Grifton, NC
Property Size4,423 SF
Lot Size0.11 Acres
Price / SF$94.73
Days on Market3
Property Features for 518 Queen Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Parking features
On Street
Subdivision
Not In Subdivision
Directions
Highway 11 South to Grifton.
Standard status
Active
APN
018364
Size
4,423 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
STORE QUEEN ST.
Tax Annual Amount
2741
Legal Description
STORE QUEEN ST.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating), Radiant
Cooling system
Central Air
Water source
Public
Building Details
Year built
1905
Flooring type
Concrete
Building materials
Brick Veneer, Steel Siding
Listing Agency:
All About You Realty Team
(336) 337-7898
Listed By:
Amy L Oakley · License #215909
(336) 285-0099
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 11:06AM
MLS# 100609216
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 4,423-square-foot warehouse in Grifton was renovated in 2025 and is currently vacant following the departure of an arcade tenant. The building dates to 1905 and has brick veneer and steel siding, concrete flooring, central air, and electric heating with radiant and forced-air systems.
The 0.11-acre property is zoned CBD. Public water and sewer serve the site, and parking is on the street. The existing configuration supports consideration of warehouse, retail, or office use.
The 0.11-acre property is zoned CBD. Public water and sewer serve the site, and parking is on the street. The existing configuration supports consideration of warehouse, retail, or office use.
Key Highlights
- 4,423 square feet of warehouse space
- Renovated in 2025; currently vacant
- 0.11‑acre site zoned CBD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,476
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,520
$749.5K
Cap Rate 7%
$535,371
$535.4K
Cap Rate 9%
$416,400
$416.4K
Market Conditions
NOI Build-Up for 4,423 SF
Gross rent
$58.4K $13.20/SF
− Vacancy
−$4.8K −$1.10/SF
EGI
$53.5K $12.10/SF
− OpEx
−$16.1K −$3.63/SF
NOI
$37.5K $8.47/SF
Area
Pitt County, NC
Vacancy
8.30%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,520
Cap Rate 7%
$535,371
Cap Rate 9%
$416,400
Alternative Uses
Best Use
Retail
$535.4K
$468.5K – $624.6K
NOI $37,476 @ 7.0% cap · market cap 8.94%
Second Best
Warehouse
$474.5K
$415.2K – $553.6K
NOI $33,217 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$962.8K
$842.5K – $1.12M
NOI $67,398 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28530, NC
6,771
Population
3,557
Households
1.9
Avg Household Size
43
Median Age
17%
College-Educated
90%
High-School Grad
74.0 sq mi
ZIP Area
92
Density / Sq Mi
$39,233
Median Household Income
$31,250
Median Earnings
$810
Median Rent
$122,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - CBD-zoned space offers central air, public water, and public sewer service.
Where is this warehouse located?
The property is located at 518 Queen Street Grifton, NC.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 4,423 square feet of warehouse space; Renovated in 2025; currently vacant; 0.11‑acre site zoned CBD
