Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    450 Berkeley Blvd Goldsboro, NC 27534
    Back to Search
    Property profile & analytics

    450 Berkeley Blvd Goldsboro, NC 27534

    View on Map
    • Lifestyle centers
    • 154,733 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 450 Berkeley Blvd

    Property size
    154,733 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Crossroads Plaza Shopping Center, located at 450 N Berkeley Blvd, Goldsboro, NC 27534, presents a prime retail investment opportunity in Wayne County. This Class B, single-story shopping center boasts a total of 154,733 square feet across 31 suites. Currently, there are three available spaces ranging from 1,935 to 14,722 square feet, offering flexibility for various retail or restaurant concepts. The center enjoys high visibility with frontage on Berkeley Boulevard, Spence Avenue, and Cashwell Drive, ensuring excellent exposure to a substantial customer base. Existing tenants include well-established businesses such as Michaels and Pet Supplies Plus, creating a strong and diverse tenant mix. The property's strategic location in Goldsboro, North Carolina, provides convenient access for shoppers and ample parking. With 22,841 square feet currently vacant, this presents a unique chance to establish a presence in a thriving retail environment. The property's single-building structure simplifies management and operations. This is an exceptional opportunity to secure retail space in a well-established and highly visible shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.9473
    Latitude
    35.3751

    Comparable in this City

    • Value Estimation by Request
      34,895 SF

      Spence Ave

      Lifestyle centers • 34,895 SF
      0 Spence Ave, Goldsboro, NC 27534
      View Details
    • Value Estimation
      $1,345,000
      95,539 SF

      340 Spence Ave

      SHOPPING CENTER, STRIP CENTER • 95,539 SF
      340 Spence Ave, Goldsboro, NC 27534-4320
      View Details
    • Value Estimation by Request
      18,250 SF

      2805 Royall Ave

      SHOPPING CENTER, STRIP CENTER • 18,250 SF
      2805 Royall Ave, Goldsboro, NC 27534-9496
      View Details
    • Value Estimation by Request
      5,000 SF

      910 7th St

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      910 7th St, Goldsboro, NC 27534-2247
      View Details
    • Value Estimation by Request
      16,371 SF

      2419 Ash St

      SHOPPING CENTER, STRIP CENTER • 16,371 SF
      2419 Ash St, Goldsboro, NC 27534-7513
      View Details
    • Value Estimation by Request
      13,948 SF

      112 Berkeley Blvd Ste J

      SHOPPING CENTER, STRIP CENTER • 13,948 SF
      112 Berkeley Blvd Ste J, Goldsboro, NC 27534-4591
      View Details

    Similar Nearby for Sale

    • $675,000

      Restaurant or Business Opportunity

      Restaurant or business location near convention center and hotel.
      1901 N Berkeley Blvd, Goldsboro, NC 27534
      View Details
    • $2,200,000
      5,635 SF

      Retail Redevelopment Site Near Airforce

      2.41 acre retail redevelopment site near SeymourJohnson Air Force Base.
      2600 E Ash St, Goldsboro, NC 27534
      View Details
    • $12,100,000
      154,733 SF

      Neighborhood Shopping Center For Sale

      154,733 SF shopping center with diverse national tenants.
      401 N Berkeley Blvd, Goldsboro, NC 27534
      View Details
    • $2,666,667
      2,106 SF

      Goldsboro Retail and Gas Property

      Retail and gas property for sale in Goldsboro, North Carolina.
      420 E New Hope Rd, Goldsboro, NC 27534
      View Details
    • $449,000
      0.60 Acres

      Goldsboro Redevelopment Site For Sale

      0.60-acre redevelopment site with retail potential near Food Lion.
      549 E New Hope Rd, Goldsboro, NC 27534
      View Details
    • Contact for pricing
      Pending

      Commercial Office Building on Corner

      Classic brick building with 22 office spaces and parking.
      706 N Berkeley Blvd, Goldsboro, NC 27534
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at High-Traffic Interchange

      Retail space with excellent visibility and easy access.
      900 N Spence Ave, Goldsboro, NC 27534
      View Details
    • $7,500 /Mo
      5,015 SF

      Medical Office For Lease

      Medical office space available for lease near UNC Health Wayne.
      2709 Medical Office Pl, Goldsboro, NC 27534
      View Details
    • $3,500 /Mo
      2,096 SF

      Goldsboro Office Space For Rent

      Office space available for rent in Wayne Medical Pavilion.
      2400 Wayne Memorial Dr, Goldsboro, NC 27534
      View Details
    • $3,500 /Mo
      1,440 SF

      Medical Office Space For Lease

      Medical office space available for lease in Goldsboro, NC.
      1402 Wayne Memorial Dr, Goldsboro, NC 27534
      View Details
    • $208 SF/Yr

      Medical Office Space Available

      Medical office space for rent near UNC Health Wayne.
      2400 Wayne Memorial Dr, Goldsboro, NC 27534
      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.
    450 Berkeley Blvd
    Goldsboro, NC 27534
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    450 Berkeley Blvd, Goldsboro, NC, 27534
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!