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    507 Sycamore St Rose Hill, NC 28458

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    507 Sycamore St Rose Hill, NC 28458

    View on Map
    • Retail space
    • 12,562 SF
    • 2.60 lot acres
    Off-Market
    Property ID
    US53-4668739
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 507 Sycamore St

    Year built
    2024
    Lot size
    2.60 lot acres
    Property size
    12,562 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional investment opportunity presents a fee-simple interest (land & building) in a 12,562 square foot Dollar General store located at 507 S Sycamore St, Rose Hill, NC 28458. The property boasts a brand new 15-year absolute NNN lease commencing May 1, 2024, and expiring April 30, 2039, with five 5-year renewal options. The lease includes a 5% rental increase every five years, ensuring consistent NOI growth and inflation protection. With zero landlord responsibilities, this is an ideal passive investment. The building, constructed in 2024, sits on a 2.6-acre lot and offers 51 parking spaces. The property benefits from a high-traffic location near the intersection of W. Charity Rd. and S. Sycamore St. (13,400 VPD) and convenient access to Interstate 40 (16,000 VPD). The strong demographics of the 5-mile trade area, including over 6,000 residents and 5,000 employees with an average household income of $66,643, further enhance the investment's appeal. The asking price is $2,086,000, representing a 6.65% cap rate and a price per square foot of $166.06. The property is zoned for general commercial use and enjoys 100% occupancy, generating a net operating income (NOI) of $138,708. The property's location within a dense retail corridor, alongside national tenants like Speedway, Truist, UHaul, and First Bank, ensures strong tenant synergy and increased consumer traffic. This is a turnkey investment opportunity with significant long-term growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rose Hill
    County
    Duplin
    State
    North Carolina
    Longitude
    -78.02005
    Latitude
    34.82126

    Comparable in this City

    • $2,275,000
      Pending

      Large Acreage Tract in Rose Hill

      700+/- acre tract with timber and road frontage.
      700 Acres Earl Davis Rd, Rose Hill, NC 28458
      View Details
    • $425,000

      Commercial Land Near I-40

      1.04 acres of commercial land with utilities access.
      930 West Charity Rd, Rose Hill, NC 28458
      View Details
    • $547,600
      147.61 Acres

      Rose Hill Hunting and Recreation Land

      147+/- acres of managed upland bird habitat near I-40.
      W Magnolia-Lisbon Rd, Rose Hill, NC 28458
      View Details
    • $36,200
      2.48 Acres

      Rose Hill Vacant Land Parcel

      2.48 acre residential land parcel in Rose Hill, NC.
      E Railroad St, Rose Hill, NC 28458
      View Details
    • $100,000
      6.40 Acres

      Rose Hill Acreage: Ready to Build

      6+ acres in Rose Hill, ready for your dream home.
      6ac Kader Merritt Rd, Rose Hill, NC 28458
      View Details
    • $1,705,000
      340.70 Acres

      Magnolia NC Land For Sale

      340.7 acres of diverse land perfect for hunting.
      Rogers Mill Rd, Magnolia, NC 28458
      View Details

    Similar Nearby for Sale

    • $2,275,000
      Pending

      Large Acreage Tract in Rose Hill

      700+/- acre tract with timber and road frontage.
      700 Acres Earl Davis Rd, Rose Hill, NC 28458
      View Details
    • $425,000

      Commercial Land Near I-40

      1.04 acres of commercial land with utilities access.
      930 West Charity Rd, Rose Hill, NC 28458
      View Details
    • $547,600
      147.61 Acres

      Rose Hill Hunting and Recreation Land

      147+/- acres of managed upland bird habitat near I-40.
      W Magnolia-Lisbon Rd, Rose Hill, NC 28458
      View Details
    • $36,200
      2.48 Acres

      Rose Hill Vacant Land Parcel

      2.48 acre residential land parcel in Rose Hill, NC.
      E Railroad St, Rose Hill, NC 28458
      View Details
    • $100,000
      6.40 Acres

      Rose Hill Acreage: Ready to Build

      6+ acres in Rose Hill, ready for your dream home.
      6ac Kader Merritt Rd, Rose Hill, NC 28458
      View Details
    • $1,705,000
      340.70 Acres

      Magnolia NC Land For Sale

      340.7 acres of diverse land perfect for hunting.
      Rogers Mill Rd, Magnolia, NC 28458
      View Details
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    Rose Hill, NC 28458
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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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    507 Sycamore St, Rose Hill, NC, 28458

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