Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1105 Erwin Rd Dunn, NC 28334

    • Commercial real estate
    • 1,512 SF
    • 0.90 lot acres
    For Sale
    View listing
    $489,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1212341
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1105 Erwin Rd

    Year built
    1959
    Lot size
    0.90 lot acres
    Property size
    1,512 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial investment opportunity presents two traditional office buildings totaling 1,512 square feet, situated on a combined 0.9-acre lot in Dunn, North Carolina. Located at 1105 Erwin Rd, this property boasts over 300 feet of road frontage and approximately 250 feet of depth, placing it within a thriving medical corridor. Both single-story buildings, constructed in 1959, are currently 100% occupied under a gross lease agreement with multiple tenants. The property features city water and sewer connections, and natural gas service provided by Piedmont Natural Gas. Zoned for office and institutional use within the City of Dunn jurisdiction, this property offers significant potential for growth and return on investment. Dunn, a twice-designated "All America City," enjoys a robust economy and a revitalized downtown area, attracting new residents and businesses. Its convenient location off I-95 provides easy access to Raleigh (30 minutes south), the Crystal Coast (two hours east), and Fort Liberty/Fayetteville (30 minutes north). The asking price for this multi-unit property is $500,000, representing a price per square foot of $330.69. This is a rare opportunity to acquire a well-located, income-producing property in a rapidly growing area. The property's prime location and strong tenant occupancy make it an attractive investment for discerning buyers.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dunn
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.6342967
    Latitude
    35.3136748

    Comparable in this City

    • $179,000
      Pending

      Brick Ranch Office in Dunn

      Centrally located commercial office with potential for residential rezoning.
      608 N Ellis Ave, Dunn, NC 28334
      View Details
    • $2,350,000
      15,000 SF

      Prime Dunn, NC Medical Office Complex

      15,000 SF Office Building, High ROI
      721 Tilghman Dr, Dunn, NC 28334
      View Details
    • $469,000
      3,101 SF

      Downtown Dunn Commercial Property

      Commercial property in downtown Dunn with multiple office areas.
      110 S Layton Ave, Dunn, NC 28334
      View Details
    • $489,900
      Pending

      Office Buildings Investment Opportunity, Dunn

      Two office buildings in Dunn's medical corridor, ideal investment.
      1105 Erwin Rd, Dunn, NC 28334
      View Details
    • $369,900
      3,154 SF

      Corner Lot Commercial Building

      Versatile 3,154 sq ft building suitable for retail or office.
      201 S Orange Ave, Dunn, NC 28334
      View Details
    • New
      $369,900
      3,154 SF

      Versatile Commercial Building on Corner Lot

      3,154 sq ft commercial building suitable for retail or office.
      201 S Orange Ave, Dunn, NC 28334
      View Details

    Similar Nearby for Sale

    • $179,000
      Pending

      Brick Ranch Office in Dunn

      Centrally located commercial office with potential for residential rezoning.
      608 N Ellis Ave, Dunn, NC 28334
      View Details
    • $450,000
      1,260 SF

      Corner Lot Retail/Office Building

      Brick building on a high visibility corner lot.
      1206-1208 W Cumberland St, Dunn, NC 28334
      View Details
    • $2,350,000
      15,000 SF

      Prime Dunn, NC Medical Office Complex

      15,000 SF Office Building, High ROI
      721 Tilghman Dr, Dunn, NC 28334
      View Details
    • $469,000
      3,101 SF

      Downtown Dunn Commercial Property

      Commercial property in downtown Dunn with multiple office areas.
      110 S Layton Ave, Dunn, NC 28334
      View Details
    • $489,900
      Pending

      Office Buildings Investment Opportunity, Dunn

      Two office buildings in Dunn's medical corridor, ideal investment.
      1105 Erwin Rd, Dunn, NC 28334
      View Details
    • $600,000
      5,000 SF

      Medical Offices Near Regional Hospital

      Medical offices for sale, potential for cash flow and appreciation.
      731 Tilghman Dr, Dunn, NC 28334
      View Details

    Similar Nearby for Lease

    • $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
      View Details
    • $7,650 /Mo
      3 SF

      Warehouse with Expansive Outdoor Storage

      5,000 SF warehouse on nearly 6 acres for lease.
      885 Bryant Rd, Dunn, NC 28334
      View Details
    • Contact for pricing
      5,000 SF

      Dunn Retail Center: Prime Location

      Newly built retail space, high visibility.
      2320 Cumberland St, Dunn, NC 28334
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1105 Erwin Rd
    Dunn, NC 28334
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.