Flex Space with
For Sale
$337,000
714 Washington St, Whiteville, NC 28472
B-3-zoned commercial property combines showroom, warehouse, and flex-area improvements with on-site parking.
Property Size1,944 SF
Price / SF$173.35
Days on Market87
Property Features for 714 Washington St
General Information
Standard status
Active
Size
1,944 SF
Zoning
B-3
Additional Details
Road Access
Yes
Warehouse Space
3,178 SF
Building Details
Year Built
1965
Year Renovated
2025
Listing Agency:
Coldwell Banker Sea Coast Advantage
Listed By:
Holland H Speight · License #291327
(910) 444-8882
Source:
Bradberrygarnerrealestate
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 7 at 2:08PM
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 Sea Coast Advantage
Investment Insights
Based on property information with market context.
This flex property combines heated retail and showroom space with warehouse and additional flex-area improvements. The building includes updated restrooms, plumbing, lighting, and interior paint, along with a new metal roof completed in 2025. Originally built in 1965, the property offers a mixed commercial configuration suited to users needing both customer-facing and operational areas.
The site has approximately 106 feet of road frontage on Washington Street and is located near US Hwy 74/76, with downtown Whiteville a short drive away. On-site parking is available. The property is situated on a B-3-zoned site; lot size is based on the deed. Parking count and ADA compliance are subject to independent purchaser or tenant verification.
The site has approximately 106 feet of road frontage on Washington Street and is located near US Hwy 74/76, with downtown Whiteville a short drive away. On-site parking is available. The property is situated on a B-3-zoned site; lot size is based on the deed. Parking count and ADA compliance are subject to independent purchaser or tenant verification.
Key Highlights
- Flex configuration with heated retail/showroom, warehouse, and additional flex‑area space
- Approximately 106 feet of road frontage on Washington Street
- New metal roof completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,466
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,320
$469.3K
Cap Rate 7%
$335,229
$335.2K
Cap Rate 9%
$260,733
$260.7K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$35.0K $18.00/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$33.5K $17.24/SF
− OpEx
−$10.1K −$5.17/SF
NOI
$23.5K $12.07/SF
Area
Columbus County, NC
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,320
Cap Rate 7%
$335,229
Cap Rate 9%
$260,733
Alternative Uses
Best Use
Retail
$335.2K
$293.3K – $391.1K
NOI $23,466 @ 7.0% cap · market cap 6.96%
Second Best
Flex RnD
$322.0K
$281.7K – $375.6K
NOI $22,537 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$471.6K
$412.6K – $550.2K
NOI $33,010 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28472, NC
17,308
Population
8,073
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
91%
High-School Grad
197.9 sq mi
ZIP Area
87
Density / Sq Mi
$48,963
Median Household Income
$36,535
Median Earnings
$788
Median Rent
$141,000
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carolina Country Catering — Whiteville, NC 28472
Frequently Asked Questions
What type of property is this?
Flex space - B-3-zoned commercial property combines showroom, warehouse, and flex-area improvements with on-site parking.
Where is this flex space located?
The property is located at 714 Washington St Whiteville, NC.
What is the asking price?
The asking price for this property is $337,000.
What are key features of this property?
This property features: Flex configuration with heated retail/showroom, warehouse, and additional flex‑area space; Approximately 106 feet of road frontage on Washington Street; New metal roof completed in 2025
