Open-Plan Retail
New
For Sale
$280,000
804 S Clinton Avenue, Dunn, NC 28334
Commercial Sale, Dunn, NC
Property Size1,995 SF
Lot Size0.35 Acres
Price / SF$140.35
Days on Market5
Property Features for 804 S Clinton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Vegetation
Cleared
Exterior features
Awning(s), Storage
Lot features
Open Lot
Standard status
Active
APN
02151611350009
Size
1,995 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
55X150 1 Lot South Clinton Ave & 41X150 1 LOT 802 SOUTH CLINTON AVE
Tax Annual Amount
2033
Legal Description
55X150 1 Lot South Clinton Ave & 41X150 1 LOT 802 SOUTH CLINTON AVE
Utilities
Cooling system
Central Air
Amenities
storage area
Building Details
Year built
1950
Floors in Building
1
Flooring type
Laminate, Wood
Building materials
Brick
Additional Structures
Storage
Listing Agency:
RE/MAX Signature Realty · RE/MAX International
(910) 814-0532
Listed By:
Jessica Anderson · License #279307
(919) 868-0158
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 5 at 1:06AM
MLS# 10196297
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.
This brick retail building offers 1,995 square feet of open interior space, with laminate and wood flooring, central air, an awning, and a storage area at the rear. The layout can be adapted to business needs, and the property includes one bathroom. Built in 1950, the building sits on a 0.35-acre lot and is zoned C-3.
The property is on S Clinton Avenue in Dunn, within the city limits and along Hwy 301. The lot provides room for parking.
The property is on S Clinton Avenue in Dunn, within the city limits and along Hwy 301. The lot provides room for parking.
Key Highlights
- 1,995‑square‑foot building with an open interior
- 0.35‑acre lot with room for parking
- C‑3 zoning
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
$23,915
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
8.54%
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%
$478,300
$478.3K
Cap Rate 7%
$341,643
$341.6K
Cap Rate 9%
$265,722
$265.7K
Market Conditions
NOI Build-Up for 1,995 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
$34.0K $17.04/SF
− Vacancy
−$2.1K −$1.06/SF
EGI
$31.9K $15.98/SF
− OpEx
−$8.0K −$4.00/SF
NOI
$23.9K $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%
$478,300
Cap Rate 7%
$341,643
Cap Rate 9%
$265,722
Alternative Uses
Best Use
Specialty Retail
$341.6K
$298.9K – $398.6K
NOI $23,915 @ 7.0% cap · market cap 8.54%
Second Best
Office B
$310.6K
$271.7K – $362.3K
NOI $21,739 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 28334, NC
23,697
Population
10,339
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
86%
High-School Grad
160.3 sq mi
ZIP Area
148
Density / Sq Mi
$54,527
Median Household Income
$37,967
Median Earnings
$826
Median Rent
$171,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - An adaptable interior is complemented by rear storage and a sizable lot with room for parking.
Where is this retail space located?
The property is located at 804 S Clinton Avenue Dunn, NC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,995‑square‑foot building with an open interior; 0.35‑acre lot with room for parking; C‑3 zoning
