Building Details

Year Built 2026

Tenancy Single

Listing Agency: Marcus & Millichap - Atlanta d***@marcusmillichap.com Show Phone

Listed By: Andrew Koriwchak · License #418301

Source: Crexi

Added: Jun 16 Changed: Aug 8 Last Checked: Aug 9 at 6:00AM

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Investment Insights

Based on property information with market context.

This for-sale retail property is a storefront-style commercial space positioned on a corner lot. The asset is presented as retail space and commercial real estate, offering a straightforward configuration for businesses that benefit from direct, street-level visibility.

Located at 954 Maynard Lake Road in Erwin, North Carolina, the property sits near a retail corridor. Its corner placement supports flexible street-facing exposure to surrounding traffic patterns typical of retail-adjacent areas, where shoppers often navigate between multiple neighborhood-serving retailers.

For prospective tenants, buyers, or operators, this offering may fit best for retail uses that value a prominent storefront presentation and the practical visibility associated with a corner site. As a retail-focused asset, it is intended for occupancy and use as a storefront, with the surrounding retail environment aligning with everyday shopping needs. Interested parties can review the specific layout and improvement details during due diligence to confirm fit for their intended merchandising or customer-service model.

Key Highlights

• Year built: 2026
• Corner‑lot retail storefront for sale
• Street‑facing presence near a retail corridor

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

$94,251

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

4.02%

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%

$1,885,020 $1.9M

Cap Rate 7%

$1,346,443 $1.3M

Cap Rate 9%

$1,047,233 $1.0M

Market Conditions

NOI Build-Up for 10,640 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

$146.8K $13.80/SF

− Vacancy

−$12.2K −$1.15/SF

EGI

$134.6K $12.65/SF

− OpEx

−$40.4K −$3.80/SF

NOI

$94.3K $8.86/SF

Area

Harnett County, NC

Vacancy

8.30%

Lease Rate

$13.80 /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%

$1,885,020

Cap Rate 7%

$1,346,443

Cap Rate 9%

$1,047,233

Alternative Uses

Best Use

Retail

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,251 @ 7.0% cap · market cap 4.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.32M

$2.03M – $2.70M (±1% cap)

NOI $162,133 @ 7.0% cap · market cap 6.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Real Estate Agency (Bike/Boat/Book/etc) Store Grocery & Convenience Store Arcade & Gaming Center

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

Location Intelligence

Trade Area within ½ mile

167

Businesses Nearby

5k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 58% Dining 42%

Citgo Shops & Services

3,056 visits/mo 0.2 miles

Krispy Krunchy Chicken Dining

2,190 visits/mo 0.2 miles

Demographics for 28339, NC

6,444

Population

3,245

Households

2

Avg Household Size

42

Median Age

14%

College-Educated

86%

High-School Grad

35.6 sq mi

ZIP Area

181

Density / Sq Mi

$51,803

Median Household Income

$36,017

Median Earnings

$1,006

Median Rent

$158,200

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?

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Frequently Asked Questions

What type of property is this?

Storefront property - Corner-lot retail storefront for sale near a retail corridor, suited for tenants seeking street-facing presence.

Where is this storefront property located?

The property is located at 954 Maynard Lake Road Erwin, NC.

What is the asking price?

The asking price for this property is $2,346,000.

What are key features of this property?

This property features: Year built: 2026; Corner‑lot retail storefront for sale; Street‑facing presence near a retail corridor