Versatile Campus in Growing
178 N Railroad St Coats, NC 27521
178 N Railroad St, Coats, NC, 27521
Contact for pricing
For Sale
Contact for pricing
Two-building campus ideal for religious, school, office, or creative uses.
Property Size3,594 SF
Price / SF$194.49
Days on Market642
Property Features for 178 N Railroad St
General Information
- Standard status
- Active
- Size
- 3,594 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1980
Listing Agency
Century 21 Triangle Group Fuquay Varina
(919) 552-4517
Listed by
Gina Clapp · License #288841
Source
Crexi
Added: Oct 14, 2024 Checked: Jul 16 at 12:51 pm
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 Century 21 Triangle Group Fuquay Varina
Investment Insights
Based on property information with market context.
This two-building campus in Coats, Harnett County, presents an investment opportunity suitable for religious uses, schools, offices, non-profits, and creative projects. The property features a church building with a spacious sanctuary and five offices or classrooms. Additionally, there is a second building, a fellowship hall, which includes a large gathering space and a kitchen. The adaptable campus is ideal for new or expanding churches, offices, non-profits, or innovative reuse projects. The zoning also allows for various housing opportunities. The property is located minutes away from Fuquay-Varina, Angier, Lillington, Erwin, Dunn, and Benson. The property size is 3594 square feet.
Key Highlights
- Versatile 2‑building campus ideal for religious uses, schools, offices, non‑profits, and creative projects.
- Investment opportunity with potential for rental income, particularly to religious groups.
- Located in the rapidly growing Town of Coats, a developing Triangle growth hub.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.5k | $17.40 |
| − Vacancy | −$10.3k | −$2.87 |
| EGI | $52.2k | $14.53 |
| − OpEx | −$13.1k | −$3.63 |
| NOI | $39.2k | $10.90 |
3,594 SF · lease $17.40/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$559.5K
$489.5K – $652.7K
NOI $39,163 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.4K
$684.6K – $912.8K
NOI $54,766 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Calvary Full Gospel ...
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - Two-building campus ideal for religious, school, office, or creative uses.
Where is this church & religious facility located?
The property is located at 178 N Railroad St Coats, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Versatile 2‑building campus ideal for religious uses, schools, offices, non‑profits, and creative projects.; Investment opportunity with potential for rental income, particularly to religious groups.; Located in the rapidly growing Town of Coats, a developing Triangle growth hub.
