Corner Gas Station
For Sale
Contact for pricing
900 E Ash Street, Goldsboro, NC 27530
Former service station on a fully signalized corner with three fuel tanks and a membrane roof replacement in 2023.
Property Size1,320 SF
Price / SF$132.58
Days on Market124
Property Features for 900 E Ash Street
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Retail, Special Purpose
Zoning
NB-Neighborhood Business
Investment Type
Owner/User
Additional Details
Traffic Count
15,000 vehicles/day
Building Details
Construction
concrete block
Listing Agency:
Cox Construction and Properties
Listed By:
Chris Cox, CCIM · License #NC
Source:
Crexi
Added: May 7
Changed: Aug 16
Last Checked: Sep 7 at 5:09AM
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 Cox Construction and Properties
Investment Insights
Based on property information with market context.
The Baker Property is a former service/gas station located at a fully signalized corner. The property includes a 1,320 SF concrete block building and three fuel tanks totaling two 5,000-gallon tanks and one 6,000-gallon tank. The flat roof membrane was replaced in 2023.
The site is described as having traffic counts exceeding 15,000 CPD, with visibility and easy access at the corner location.
Under City of Goldsboro, NC jurisdiction, the property is zoned NB–Neighborhood Business.
The site is described as having traffic counts exceeding 15,000 CPD, with visibility and easy access at the corner location.
Under City of Goldsboro, NC jurisdiction, the property is zoned NB–Neighborhood Business.
Key Highlights
- Former service/gas station on a fully signalized corner at 900 E Ash Street, Goldsboro, NC
- 1,320 SF concrete block building with three fuel tanks: two 5,000‑gallon tanks and one 6,000‑gallon tank
- Flat roof membrane replaced in 2023
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
$5,890
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
3.37%
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%
$117,800
$117.8K
Cap Rate 7%
$84,143
$84.1K
Cap Rate 9%
$65,444
$65.4K
Market Conditions
NOI Build-Up for 1,320 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
$9.0K $6.84/SF
− Vacancy
−$614 −$0.47/SF
EGI
$8.4K $6.37/SF
− OpEx
−$2.5K −$1.91/SF
NOI
$5.9K $4.46/SF
Area
Wayne County, NC
Vacancy
6.80%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
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%
$117,800
Cap Rate 7%
$84,143
Cap Rate 9%
$65,444
Alternative Uses
Best Use
Specialty Retail
$1.06M
$928.6K – $1.24M
NOI $74,287 @ 7.0% cap · market cap 42.45%
Second Best
Retail
$231.4K
$202.5K – $270.0K
NOI $16,200 @ 7.0% cap · market cap 9.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 39%
Dining 21%
Piggly Wiggly
Groceries
8,777 visits/mo
0.1 miles
Speedway
Shops & Services
8,127 visits/mo
0.4 miles
KFC
Dining
4,691 visits/mo
0.2 miles
Jackson Hewitt Tax Service
Shops & Services
442 visits/mo
0.1 miles
Demographics for 27530, NC
37,470
Population
17,796
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
89%
High-School Grad
106.5 sq mi
ZIP Area
352
Density / Sq Mi
$55,507
Median Household Income
$37,696
Median Earnings
$827
Median Rent
$176,500
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?
Gas station - Former service station on a fully signalized corner with three fuel tanks and a membrane roof replacement in 2023.
Where is this gas station located?
The property is located at 900 E Ash Street Goldsboro, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Former service/gas station on a fully signalized corner at 900 E Ash Street, Goldsboro, NC; 1,320 SF concrete block building with three fuel tanks: two 5,000‑gallon tanks and one 6,000‑gallon tank; Flat roof membrane replaced in 2023
