Building Details

Year Built 1960

Listing Agency: KENT HUNTER REALTY LLC k***@gmail.com Show Phone

Listed By: KENT HUNTER · License #268274

Source: Corcoran

Added: Mar 19 Changed: Aug 8 Last Checked: Aug 8 at 6:27AM

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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 KENT HUNTER REALTY LLC

Investment Insights

Based on property information with market context.

This 982 square foot flex-space is available for sale or lease. The property is suitable for a variety of businesses and benefits from a location with high traffic, making it suitable for both office and retail uses.

Key Highlights

• 982sf Flex‑Space suitable for Retail or Office use
• High‑traffic location ideal for business visibility
• Suitable for many different types of businesses

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

$11,664

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

4.57%

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%

$233,280 $233.3K

Cap Rate 7%

$166,629 $166.6K

Cap Rate 9%

$129,600 $129.6K

Market Conditions

NOI Build-Up for 982 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

$19.6K $19.92/SF

− Vacancy

−$4.0K −$4.08/SF

EGI

$15.6K $15.84/SF

− OpEx

−$3.9K −$3.96/SF

NOI

$11.7K $11.88/SF

Area

Forsyth County, NC

Vacancy

20.50%

Lease Rate

$19.92 /SF/Yr

Expense Ratio

25.00%

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%

$233,280

Cap Rate 7%

$166,629

Cap Rate 9%

$129,600

Alternative Uses

Best Use

Office B

$166.6K

$145.8K – $194.4K (±1% cap)

NOI $11,664 @ 7.0% cap · market cap 4.57%

Second Best

Retail

$153.6K

$134.4K – $179.3K (±1% cap)

NOI $10,755 @ 7.0% cap · market cap 4.22%

Theoretical Best

Specialty Retail

$253.7K

$222.0K – $296.0K (±1% cap)

NOI $17,758 @ 7.0% cap · market cap 6.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Plumbing Service Catering Service Electrical Service Pet Store

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

8

Businesses Nearby

Explore this area Business Placement

Demographics for 27050, NC

3,929

Population

1,729

Households

2.3

Avg Household Size

46

Median Age

22%

College-Educated

86%

High-School Grad

25.0 sq mi

ZIP Area

157

Density / Sq Mi

$85,820

Median Household Income

$45,446

Median Earnings

$856

Median Rent

$185,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 982 SF flex-space suitable for retail or office use.

Where is this mixed-use property located?

The property is located at 7010 Doral Drive Tobaccoville, NC.

What is the asking price?

The asking price for this property is $255,000.

What are key features of this property?

This property features: 982sf Flex‑Space suitable for Retail or Office use; High‑traffic location ideal for business visibility; Suitable for many different types of businesses