Turn-Key Metal Building on
For Sale
Contact for pricing
806 E Main St, Havelock, NC 28532
5500 sq/ft metal building on large corner lot.
Property Size5,500 SF
Lot Size0.50 Acres
Price / SF$152.73
Days on Market166
Property Features for 806 E Main St
General Information
Standard status
Active
Size
5,500 SF
Class
B
Lot size
0.50 Acres
Property subtype
Business for Sale, Industrial, Mixed Use, Retail
Zoning
B1
Investment Type
Owner/User
Building Details
Year Built
1998
Year Renovated
2018
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX Ocean Properties
(980) 580-7469
Listed By:
Matthew Johnson · License #NC 251018
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 10 at 3:49AM
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 RE/MAX Ocean Properties
Investment Insights
Based on property information with market context.
This is a 5500 sq/ft metal building situated on a corner lot in Havelock, NC. The building features office and retail space at the front entrance, along with a large, conditioned warehouse space. The warehouse includes five large roll-up doors on the east side. The building is located on nearly a 0.5-acre parcel, with an adjoining vacant parcel that offers room for expansion or product display. The sale includes the existing business and assets, with a few exceptions. There is ample parking and multiple entrance/exit points for site mobility. The ceiling height is approximately 14 feet in the center. The property has city water and city sewer services. It is located near Cherry Point Marine Base and is located on the corner of Hwy 70 and Pineview.
Key Highlights
- Large 5500 sq/ft turn‑key metal building on a corner lot.
- Located on Hwy 70 and Pineview in Havelock, NC.
- Includes office/retail space and a large, conditioned warehouse.
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
$55,688
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
6.63%
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%
$1,113,760
$1.1M
Cap Rate 7%
$795,543
$795.5K
Cap Rate 9%
$618,756
$618.8K
Market Conditions
NOI Build-Up for 5,500 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
$99.0K $18.00/SF
− Vacancy
−$9.9K −$1.80/SF
EGI
$89.1K $16.20/SF
− OpEx
−$33.4K −$6.07/SF
NOI
$55.7K $10.13/SF
Area
Craven County, NC
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,113,760
Cap Rate 7%
$795,543
Cap Rate 9%
$618,756
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,668 @ 7.0% cap · market cap 12.94%
Second Best
Mixed Use
$795.5K
$696.1K – $928.1K
NOI $55,688 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,933 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 28532, NC
20,340
Population
8,677
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
93%
High-School Grad
165.4 sq mi
ZIP Area
123
Density / Sq Mi
$65,772
Median Household Income
$38,839
Median Earnings
$1,270
Median Rent
$193,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 5500 sq/ft metal building on large corner lot.
Where is this mixed-use property located?
The property is located at 806 E Main St Havelock, NC.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Large 5500 sq/ft turn‑key metal building on a corner lot.; Located on Hwy 70 and Pineview in Havelock, NC.; Includes office/retail space and a large, conditioned warehouse.
