Mixed-Use Commercial Building with
For Sale
$749,000
8 N Broad Street E, Angier, NC 27501
Commercial Sale, Angier, NC
Property Size2,775 SF
Lot Size0.03 Acres
Price / SF$269.91
Days on Market86
Property Features for 8 N Broad Street E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Bathrooms
1
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Standard status
Active
APN
040674 0154
Size
2,775 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1 Lt Depot & Broad St 28X55
Tax Annual Amount
2676
Legal Description
1 Lt Depot & Broad St 28X55
Building Details
Year built
1920
Floors in Building
2
Listing Agency:
HomeSmart Expert Realty · HomeSmart International
(919) 583-7711
Listed By:
Jonathan Edmiston · License #290634
(919) 391-6377
Added: Jul 2
Changed: Sep 13
Last Checked: Sep 25 at 6:06PM
MLS# 10177769
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.
Built in 1920, this 2,775-square-foot mixed-use commercial building includes a ground-floor deli and restaurant operation, along with an upper level formerly used as a speakeasy-style venue. The upstairs area includes a liquor license and can accommodate cocktails, entertainment, private events, and special gatherings. Four office spaces are also part of the configuration, with one currently occupied under a rental arrangement.
The property occupies 0.03 acres on N Broad Street E in downtown Angier, within Harnett County. CB zoning applies. The offering includes the building, furnishings, fixtures, equipment, business assets, goodwill, and operational components associated with the commercial operation.
The property occupies 0.03 acres on N Broad Street E in downtown Angier, within Harnett County. CB zoning applies. The offering includes the building, furnishings, fixtures, equipment, business assets, goodwill, and operational components associated with the commercial operation.
Key Highlights
- 2,775‑square‑foot mixed‑use commercial building on 0.03 acres
- Ground‑floor deli and restaurant operation
- Upstairs venue includes a liquor license
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
$33,266
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
4.44%
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%
$665,320
$665.3K
Cap Rate 7%
$475,229
$475.2K
Cap Rate 9%
$369,622
$369.6K
Market Conditions
NOI Build-Up for 2,775 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
$47.3K $17.04/SF
− Vacancy
−$2.9K −$1.06/SF
EGI
$44.4K $15.98/SF
− OpEx
−$11.1K −$4.00/SF
NOI
$33.3K $11.99/SF
Area
Harnett County, NC
Vacancy
6.20%
Lease Rate
$17.04 /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%
$665,320
Cap Rate 7%
$475,229
Cap Rate 9%
$369,622
Alternative Uses
Best Use
Specialty Retail
$475.2K
$415.8K – $554.4K
NOI $33,266 @ 7.0% cap · market cap 4.44%
Second Best
Mixed Use
$281.0K
$245.9K – $327.8K
NOI $19,668 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,286 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 33%
Home Improvements & Furnishings 13%
McDonald's
Dining
25,085 visits/mo
0.2 miles
Speedway
Shops & Services
12,510 visits/mo
0.2 miles
Angier Ace Hardware
Home Improvements & Furnishings
8,343 visits/mo
0.2 miles
Hardee's
Dining
7,015 visits/mo
0.4 miles
Truist
Shops & Services
4,005 visits/mo
0.1 miles
Demographics for 27501, NC
20,918
Population
9,104
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
82%
High-School Grad
62.8 sq mi
ZIP Area
333
Density / Sq Mi
$71,217
Median Household Income
$40,518
Median Earnings
$1,008
Median Rent
$251,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a deli operation, licensed upstairs venue, and four office spaces.
Where is this mixed-use property located?
The property is located at 8 N Broad Street E Angier, NC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,775‑square‑foot mixed‑use commercial building on 0.03 acres; Ground‑floor deli and restaurant operation; Upstairs venue includes a liquor license
