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    Property profile & analytics

    2320 Cumberland St Dunn, NC 28334

    • Neighborhood centers
    • 5,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 2320 Cumberland St

    Year built
    2025
    Property size
    5,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity in Dunn, North Carolina, presents a newly constructed 5,000-square-foot building situated on a 1.02-acre lot. Located at 2320 W Cumberland St, this strip center boasts a desirable single-tenant occupancy with a prominent Dunkin' Donuts as an endcap tenant. Currently, 3,000 square feet of prime retail space is available for lease, offering flexibility with the potential for subdivision into two 1,500-square-foot units. The property features a strategic location with 60 feet of frontage and 50 feet of depth, ensuring excellent visibility for attracting both pedestrian and vehicular traffic. Ample parking is provided with 48 spaces to comfortably accommodate customers. Built in 2025, this modern building offers a high-traffic location within a shopping center zoned area in Harnett County, making it an ideal choice for businesses seeking to establish or expand their presence in the Dunn market. The property's modern design and layout, combined with its convenient location and ample parking, create a compelling opportunity for a variety of retail or food service businesses. The zip code is 28334.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dunn
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.6367
    Latitude
    35.3228

    Comparable in this City

    • Value Estimation by Request
      17,865 SF

      1000 Cumberland St

      SHOPPING CENTER, STRIP CENTER • 17,865 SF
      1000 Cumberland St, Dunn, NC 28334-4716
      View Details
    • Value Estimation by Request
      2,310 SF

      210 Ellis Ave

      SHOPPING CENTER, STRIP CENTER • 2,310 SF
      210 Ellis Ave, Dunn, NC 28334-3807
      View Details
    • Value Estimation by Request
      4,800 SF

      602 Erwin Rd

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      602 Erwin Rd, Dunn, NC 28334-4520
      View Details
    • Value Estimation by Request
      3,570 SF

      302 Edgerton St

      SHOPPING CENTER, STRIP CENTER • 3,570 SF
      302 Edgerton St, Dunn, NC 28334-4106
      View Details
    • Value Estimation by Request
      1,045 SF

      212 Ellis Ave

      SHOPPING CENTER, STRIP CENTER • 1,045 SF
      212 Ellis Ave, Dunn, NC 28334-3807
      View Details
    • Value Estimation by Request
      259 SF

      King Ave

      SHOPPING CENTER, STRIP CENTER • 259 SF
      King Ave, Dunn, NC 28334
      View Details

    Similar Nearby for Sale

    • $350,000
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      High-Traffic Dunn Retail Property

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    • $1,000,000
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    • $1,800,000
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      Prime Location Corner Lot in Dunn

      Corner lot near I-95 in Dunn, high traffic, vacant building.
      714 E Cumberland St, Dunn, NC 28334
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    • $2,020,000
      13.98 Acres

      Commercial Land I-95 Exit 71

      13.98 acres of commercial land near I-95 in Dunn, NC.
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    • $450,000
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      Corner Lot Retail/Office Building

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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Dunn Retail Center: Prime Location

      Newly built retail space, high visibility.
      2320 Cumberland St, Dunn, NC 28334
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    • $6,000 /Mo
      14,000 SF

      Retail Space in Established Center

      14,000 SF space in busy retail center on US Hwy 421.
      1008 W Cumberland St, Dunn, NC 28334
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    • New
      $11,000 /Mo
      11,471 SF

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    • $7,650 /Mo
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      Warehouse with Expansive Outdoor Storage

      5,000 SF warehouse on nearly 6 acres for lease.
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    Dunn, NC 28334
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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.

    More about this property
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