Brick Ranch-Style Office
For Sale
Contact for pricing
Pending
608 N Ellis Avenue, Dunn, NC 28334
The layout includes reception space, private offices, a kitchen, bathroom, and separate storage structures.
Property Size881 SF
Lot Size0.21 Acres
Days on Market858
Property Features for 608 N Ellis Avenue
General Information
Standard status
Pending
Size
881 SF
Lot size
0.21 Acres
Property subtype
Industrial
Zoning
Commercial
Building Details
Year Built
1955
Buildings
3
Construction
brick
Listing Agency:
Coldwell Banker Advantage Henderson
Listed By:
Pam Johnson · License #NC
(910) 237-3347
Source:
Crexi
Added: Jun 12, 2024
Changed: Oct 4
Last Checked: Oct 16 at 7:17AM
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 Coldwell Banker Advantage Henderson
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Investment Insights
Based on property information with market context.
Built in 1955, this 881-square-foot brick ranch-style office property occupies approximately 0.21 acres at 608 N Ellis Avenue in Dunn, North Carolina. The interior includes a lobby, two offices, a kitchen, and a bathroom, providing a straightforward configuration for office use.
Two storage buildings are also included on the property. The site is currently zoned Commercial, and the property information indicates that residential zoning may be pursued through rezoning. Its address places the office within Dunn and provides an established setting for a compact professional workspace with supporting storage improvements.
Two storage buildings are also included on the property. The site is currently zoned Commercial, and the property information indicates that residential zoning may be pursued through rezoning. Its address places the office within Dunn and provides an established setting for a compact professional workspace with supporting storage improvements.
Key Highlights
- 881‑square‑foot office building on approximately 0.21 acres
- Brick ranch‑style construction built in 1955
- Lobby, 2 offices, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,600
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,000
$192.0K
Cap Rate 7%
$137,143
$137.1K
Cap Rate 9%
$106,667
$106.7K
Market Conditions
NOI Build-Up for 881 SF
Gross rent
$15.3K $17.40/SF
− Vacancy
−$2.5K −$2.87/SF
EGI
$12.8K $14.53/SF
− OpEx
−$3.2K −$3.63/SF
NOI
$9.6K $10.90/SF
Area
Harnett County, NC
Vacancy
16.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,000
Cap Rate 7%
$137,143
Cap Rate 9%
$106,667
Alternative Uses
Best Use
Office B
$137.1K
$120.0K – $160.0K
NOI $9,600 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.8K
$167.8K – $223.8K
NOI $13,425 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The layout includes reception space, private offices, a kitchen, bathroom, and separate storage structures.
Where is this office building located?
The property is located at 608 N Ellis Avenue Dunn, NC.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 881‑square‑foot office building on approximately 0.21 acres; Brick ranch‑style construction built in 1955; Lobby, 2 offices, kitchen, and bathroom
