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    Retail Space in Dunn, NC Title is generated by Realmo AI

    2320 W Cumberland St, Dunn, NC 28334

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    New retail space with high visibility and ample parking.

    Type:Retail
    Property size:
    5,000 SF
    Added:
    Nov 9, 2024
    Days on Market:
    570
    Last Refresh:
    May 12 at 10:24 pm

    Property Features for 2320 W Cumberland St

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 2320 W Cumberland St Contact us

    We can help!

    Listing Contact
    Patrick Murray, CCIM, SIOR
    Patrick Murray, CCIM, SIOR

    Listing agent Patrick Murray, CCIM, SIOR License #NC 231098

    Listing office Grant-Murray Real Estate

    Listing date Nov 9, 2024

    Source Crexi

    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 Grant-Murray Real Estate

    HighLights

    • Newly constructed 5,000 SF building with Dunkin Donuts as an endcap tenant.
    • 3,000 SF of remaining retail space available for lease, divisible into two 1,500 SF units.
    • High‑traffic location on W Cumberland Street with 20,604 vehicles per day.
    • Excellent visibility with 60 feet of frontage and 50 feet of depth.
    • Ample parking with 48 spaces.
    • Proximity to major retailers like Walmart, Lowe's, Belk, Michaels, Planet Fitness, and Tractor Supply Co.

    Overview

    Located at 2320 W Cumberland Street in Dunn, NC, this retail site features a newly constructed 5,000 SF building. Dunkin Donuts occupies an endcap space, leaving 3,000 SF of retail space available for lease. This space can be subdivided into two 1,500 SF units, each offering 60 feet of frontage and 50 feet of depth. The property provides excellent visibility, attracting both foot traffic and passing vehicles. A total of 48 parking spaces are available to accommodate customer flow. Situated along W Cumberland Street, a well-traveled commercial hub, the location benefits from a traffic count of 20,604 vehicles per day. Nearby retailers include Belk, Michaels, Planet Fitness, and Tractor Supply Co., contributing to a vibrant commercial environment. A Walmart and Lowe's are also in close proximity, further enhancing the site’s visibility and customer draw. The area is surrounded by national retailers, local businesses, and residential communities, providing a steady stream of potential customers. High eastbound and westbound traffic enhances accessibility, making this location suitable for retail or food service businesses looking to establish or expand their presence.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunn
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.6367503
    Latitude
    35.3228555

    Nearby Similar for Lease

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    • $60,000 SF/Yr
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      Versatile Commercial Space Available

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    • $6,000/Mo
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      Available Commercial Space For Rent

      Commercial space available for rent in Dunn, North Carolina.
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    FAQs

    What type of property is this?
    Retail space - New retail space with high visibility and ample parking.
    Where is this retail space located?
    The property is located at 2320 W Cumberland St Dunn, NC.
    What are key features of this property?
    This property features: Newly constructed 5,000 SF building with Dunkin Donuts as an endcap tenant.; 3,000 SF of remaining retail space available for lease, divisible into two 1,500 SF units.; High‑traffic location on W Cumberland Street with 20,604 vehicles per day.
    (910) 818-3252 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick Murray, CCIM, SIOR
    Patrick Murray, CCIM, SIOR
    Real Estate License ID: NC 231098
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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