Building Details

Year built 1973

Floors in Building 1

Flooring type Wood

Listing Agency: Neighbors & Associates, Inc w***@neighborsassociates.com Show Phone

Listed By: Rebecca Neighbors · License #333472 Show Phone

Added: Sep 24 Changed: Oct 6 Last Checked: Oct 6 at 9:06PM

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MLS# 10194568

Copyright © 2026 Doorify 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 7,452-square-foot flex property on 1.52 acres includes a metal garage with four bays and separate office and lobby space. The site is zoned B2, and a long-term commercial tenant is in place. On-site parking serves the property.

Key Highlights

• 7,452‑square‑foot flex property on 1.52 acres
• Metal commercial garage with four bays
• Dedicated office and lobby space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,631

Cap Rate

9.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,232,620 $1.2M

Cap Rate 7%

$880,443 $880.4K

Cap Rate 9%

$684,789 $684.8K

Market Conditions

NOI Build-Up for 7,452 SF

Gross rent

$102.8K $13.80/SF

− Vacancy

−$8.0K −$1.08/SF

EGI

$94.8K $12.72/SF

− OpEx

−$33.2K −$4.45/SF

NOI

$61.6K $8.27/SF

Area

Harnett County, NC

Vacancy

7.80%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,232,620

Cap Rate 7%

$880,443

Cap Rate 9%

$684,789

Alternative Uses

Best Use

Flex RnD

$880.4K

$770.4K – $1.03M (±1% cap)

NOI $61,631 @ 7.0% cap · market cap 9.13%

Second Best

Industrial

$551.0K

$482.2K – $642.9K (±1% cap)

NOI $38,572 @ 7.0% cap · market cap 5.71%

Theoretical Best

Office A

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,554 @ 7.0% cap · market cap 16.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Dental Office Big Box & Wholesale Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

156

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 28339, NC

6,444

Population

3,245

Households

2

Avg Household Size

42

Median Age

14%

College-Educated

86%

High-School Grad

35.6 sq mi

ZIP Area

181

Density / Sq Mi

$51,803

Median Household Income

$36,017

Median Earnings

$1,006

Median Rent

$158,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - A long-term commercial tenant occupies the property, which also includes dedicated office and lobby areas.

Where is this flex space located?

The property is located at 700 N 13th Street Erwin, NC.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 7,452‑square‑foot flex property on 1.52 acres; Metal commercial garage with four bays; Dedicated office and lobby space