Building Details

Year built 1984

Listing Agency: Kornegay Realty Show Phone

Listed By: David Kornegay · License #165118 Show Phone

Added: Feb 4 Changed: Oct 20 Last Checked: Nov 3 at 12:06AM

Report an Issue

MLS# 100552795

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,082-square-foot storefront property was built in 1984 and occupies a 0.53-acre site in Mount Olive’s business district. The building includes an upstairs area, while the property also provides on-site parking and signage. Electric heating serves the building, and C-2 zoning applies.

Access is available from both N Breazeale Avenue and Bert Martin Road. The property is positioned within the city’s established commercial district, with the storefront configuration and additional upstairs space offering a range of layout options for a retail-oriented user.

Key Highlights

• 3,082‑square‑foot storefront building on a 0.53‑acre lot
• C‑2 zoning in Mount Olive’s business district
• Upstairs area 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

Is this asking price fair?

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

Who owns this building? See the owner, sales and loan history

Open Analytics

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

417

Businesses Nearby

133k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 35% Shops & Services 32% Groceries 26% Home Improvements & Furnishings 4%

McDonald's Dining

29,965 visits/mo 0.5 miles

Food Lion Grocery Store Groceries

19,493 visits/mo 0.4 miles

Piggly Wiggly Groceries

15,054 visits/mo 0.1 miles

Burger King Dining

13,726 visits/mo 0.4 miles

Roses Discount Store Shops & Services

12,990 visits/mo 0.4 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

Similar For Sale Nearby

See more

Historic Storefront with Expansion Space

114 N Center St, Mount Olive, NC 28365

$260,000

2,050 SF

View details

Office Building with Five Offices

119 N Center Street, Mount Olive, NC 28365

$100,000

1,524 SF

View details

Flex Building with Three Bays

906 N Breazeale Ave, 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 - Commercial storefront with upstairs space, on-site parking, signage, and access from two roads.

Where is this storefront property located?

The property is located at 903 N Breazeale Avenue 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‑square‑foot storefront building on a 0.53‑acre lot; C‑2 zoning in Mount Olive’s business district; Upstairs area included in the building