Brick Office
For Sale
$500,000
71 S End Court, Hampstead, NC 28443
Commercial Sale, Hampstead, NC
Property Size1,288 SF
Lot Size0.12 Acres
Price / SF$388.20
Days on Market33
Property Features for 71 S End Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PD
Parking features
Off Street, Parking Lot
Subdivision
Hampstead Village
Lot features
Wooded
Directions
Off Route 17 in Hampstead. Property is located in Hampstead Village behind Oval and Ale and First Citizens Bank
Standard status
Active
APN
3292-19-6355-0000
Size
1,288 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot #14 Hampstead Village
Tax Annual Amount
1761
HOA Fee
$2,400 Annually
Legal Description
Lot #14 Hampstead Village
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Flooring type
Carpet, Vinyl
Building materials
Brick, Wood Frame
Roof type
Shingle
Listing Agency:
Crager Realty Group
(910) 508-3112
Listed By:
Steve Crager · License #273615
(910) 508-3112
Added: Jul 19
Changed: Aug 19
Last Checked: Aug 20 at 11:06PM
MLS# 100590054
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 1,288-square-foot office building occupies a 0.12-acre parcel at 71 S End Court in Hampstead, North Carolina. Constructed in 1985, the property has brick and wood-frame construction, carpet and vinyl flooring, central air, electric heat, and a heat pump. Public water service supports the building, which also has a shingle roof.
The property is zoned PD and includes a parking lot with off-street parking. Its existing office configuration provides a commercial building platform for professional operations, subject to applicable zoning and permitting requirements.
The property is zoned PD and includes a parking lot with off-street parking. Its existing office configuration provides a commercial building platform for professional operations, subject to applicable zoning and permitting requirements.
Key Highlights
- 1,288‑square‑foot office building on a 0.12‑acre parcel
- PD zoning
- Constructed in 1985
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
$16,358
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
3.27%
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%
$327,160
$327.2K
Cap Rate 7%
$233,686
$233.7K
Cap Rate 9%
$181,756
$181.8K
Market Conditions
NOI Build-Up for 1,288 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
$26.9K $20.88/SF
− Vacancy
−$5.1K −$3.95/SF
EGI
$21.8K $16.93/SF
− OpEx
−$5.5K −$4.23/SF
NOI
$16.4K $12.70/SF
Area
Pender County, NC
Vacancy
18.90%
Lease Rate
$20.88 /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%
$327,160
Cap Rate 7%
$233,686
Cap Rate 9%
$181,756
Alternative Uses
Best Use
Office B
$233.7K
$204.5K – $272.6K
NOI $16,358 @ 7.0% cap · market cap 3.27%
Second Best
Healthcare Medical
$155.7K
$136.2K – $181.6K
NOI $10,897 @ 7.0% cap · market cap 2.18%
Theoretical Best
Multifamily LT 5
$15.77M
$13.80M – $18.40M
NOI $1,103,956 @ 7.0% cap · market cap 220.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 28443, NC
25,074
Population
11,276
Households
2.2
Avg Household Size
42
Median Age
40%
College-Educated
94%
High-School Grad
145.8 sq mi
ZIP Area
172
Density / Sq Mi
$89,392
Median Household Income
$45,933
Median Earnings
$1,372
Median Rent
$356,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Existing office space with central air, public water service, and on-site parking.
Where is this office building located?
The property is located at 71 S End Court Hampstead, 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: 1,288‑square‑foot office building on a 0.12‑acre parcel; PD zoning; Constructed in 1985
