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1505 E Ash St 2,182 SF Vacant Office Building Goldsboro, NC 27530 $471,891 CAD ($216.27 CAD/SF) 8.67% Cap Rate
Investment Highlights
- Large Reception area
- Full bathroom and 1/2 bath upstairs
- 9 Spacious offices, 6 offices 1st floor / 3 offices 2nd floor
Executive Summary
This brick, attractive, great location commercial -business property is offered at $345,900 as is with a $25,500 allowance for the HVAC, which is currently working but is an older unit; $5,500 for a window allowance to update the appearance if the new owner were to choose to do so, and $10,000 for a shingle / roofing allowance for a roof that currently does not have any leaks or issues but could use updating in the future if the new owner were to choose to do so. The building does have all new water pipe / lines (city hook-up) that have been replaced by the current owner already. On-site parking in front and rear of the property.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$103,137
|
$47.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,157
|
$2.36
|
| Effective Gross Income |
$97,980
|
$44.90
|
| Taxes |
$3,057
|
$1.40
|
| Operating Expenses |
$12,278
|
$5.63
|
| Total Expenses |
$15,335
|
$7.03
|
| Net Operating Income |
$82,644
|
$37.88
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $103,137 |
| Annual Per SF | $47.27 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,157 |
| Annual Per SF | $2.36 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $97,980 |
| Annual Per SF | $44.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,057 |
| Annual Per SF | $1.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,278 |
| Annual Per SF | $5.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,335 |
| Annual Per SF | $7.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $82,644 |
| Annual Per SF | $37.88 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
2,182 SF
Building Class
C
Year Built
1946
Price
$471,891 CAD
Price Per SF
$216.27 CAD
Cap Rate
8.67%
NOI
$40,927 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,091 SF
Building FAR
0.21
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
O&I - Permitted uses are professional offices or business offices, institutional uses and other non-retail office-type uses. I.E. Lawyer, real estate, etc.
Parking
9 Spaces (6 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
1st Choice Associates, LLC
1505 E Ash St
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