Mixed-Use Property with Liquor
For Sale
$789,000
8 N Broad Street E, Angier, NC 27501
COMMERCIAL - Angier, NC
Property Size2,775 SF
Lot Size0.03 Acres
Price / SF$284.32
Days on Market49
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: Aug 4
Last Checked: Aug 19 at 1:06AM
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.
Mixed-use property at 8 N Broad Street E in downtown Angier. The main level includes a deli and restaurant operation, and the upstairs space is a former speakeasy-style venue that includes a liquor license. The upstairs area can also be used as office space, and the property has a total of four office spaces, with one office currently being rented.
The offering includes the commercial building and business-related assets needed for a transition of ownership, including furnishings, fixtures, equipment, goodwill, and operational components. The property is zoned CB and includes two bathrooms.
Built in 1920, the property sits on a 0.03-acre lot and contains 2,775 square feet of space.
The offering includes the commercial building and business-related assets needed for a transition of ownership, including furnishings, fixtures, equipment, goodwill, and operational components. The property is zoned CB and includes two bathrooms.
Built in 1920, the property sits on a 0.03-acre lot and contains 2,775 square feet of space.
Key Highlights
- Upstairs former speakeasy‑style venue with an included liquor license
- Four office spaces total, with one office currently being rented
- Deli and restaurant operation on the main level
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
4.22%
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 4.22%
Second Best
Mixed Use
$281.0K
$245.9K – $327.8K
NOI $19,668 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,286 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Mixed-use building with deli/restaurant and upstairs venue featuring a liquor license 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 $789,000.
What are key features of this property?
This property features: Upstairs former speakeasy‑style venue with an included liquor license; Four office spaces total, with one office currently being rented; Deli and restaurant operation on the main level
