Building Details

Year Built 1984

Buildings 1

Listing Agency: Kornegay Realty

Listed By: David Kornegay · License #165118 Show Phone

Source: Bradberrygarnerrealestate

Added: Jul 24 Changed: Oct 13 Last Checked: Oct 7 at 5:43PM

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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 Kornegay Realty

Investment Insights

Based on property information with market context.

This 3,082-square-foot storefront property was built in 1984 on a 0.53-acre lot. The building includes an upper level, with on-site parking and signage serving the property. Access is available from both Breazeale Avenue and Bert Martin Road, providing two identified entry points.

The property is situated within Mount Olive’s business district. Its storefront format, visible signage, parking, upper-level space, and dual-road access define the principal physical features of the offering.

Key Highlights

• 3,082 SF storefront property built in 1984
• Situated on a 0.53‑acre lot
• Upper level included in the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,824

Cap Rate

8.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$756,480 $756.5K

Cap Rate 7%

$540,343 $540.3K

Cap Rate 9%

$420,267 $420.3K

Market Conditions

NOI Build-Up for 3,082 SF

Gross rent

$55.5K $18.00/SF

− Vacancy

−$1.4K −$0.47/SF

EGI

$54.0K $17.53/SF

− OpEx

−$16.2K −$5.26/SF

NOI

$37.8K $12.27/SF

Area

Wayne County, NC

Vacancy

2.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$756,480

Cap Rate 7%

$540,343

Cap Rate 9%

$420,267

Alternative Uses

Best Use

Retail

$540.3K

$472.8K – $630.4K (±1% cap)

NOI $37,824 @ 7.0% cap · market cap 8.41%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.48M

$2.17M – $2.89M (±1% cap)

NOI $173,448 @ 7.0% cap · market cap 38.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service Storage Facility Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

358

Businesses Nearby

237k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 34% Shops & Services 24% Superstores 23% Groceries 15%

Walmart Superstores

54,614 visits/mo 0.4 miles

McDonald's Dining

29,965 visits/mo 0.4 miles

Food Lion Grocery Store Groceries

19,493 visits/mo 0.2 miles

Piggly Wiggly Groceries

15,054 visits/mo 0.3 miles

Burger King Dining

13,726 visits/mo 0.3 miles

Demographics for 28365, NC

14,653

Population

6,541

Households

2.2

Avg Household Size

40

Median Age

16%

College-Educated

80%

High-School Grad

191.4 sq mi

ZIP Area

77

Density / Sq Mi

$52,333

Median Household Income

$32,642

Median Earnings

$922

Median Rent

$119,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Downtown Storefront with Expansion Space

114 N Center Street, Mount Olive, NC 28365

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Office Building with Five Offices

119 N Center Street, Mount Olive, NC 28365

$100,000

1,524 SF

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Flex Space with Service Bays

906 N Breazeale Avenue, Mount Olive, NC 28365

$500,000

1,456 SF

View details

Similar Off Market Nearby

• Front Porch Florist & Gifts Inc — 1035 N Breazeale Ave, Mt Olive, NC 28365

Frequently Asked Questions

What type of property is this?

Storefront property - Two-level commercial property with on-site parking, signage, and entry from two roads.

Where is this storefront property located?

The property is located at 903 N Breazeale Ave Mount Olive, NC.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 3,082 SF storefront property built in 1984; Situated on a 0.53‑acre lot; Upper level included in the building