Updated Mixed-Use
New
For Sale
$1,100,000
109 S Raiford Street, Selma, NC 27576
Commercial Sale, Selma, NC
Property Size4,578 SF
Lot Size0.08 Acres
Price / SF$240.28
Days on Market3
Property Features for 109 S Raiford Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Interior features
Bathtub/Shower Combination, Built-in Features, Crown Molding, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Separate Shower, Soaking Tub, Walk-In Closet(s)
Standard status
Active
APN
14028030
Size
4,578 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
N Raeford St 261518-420
Tax Annual Amount
1974
Legal Description
N Raeford St 261518-420
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Building materials
Brick
Listing Agency:
Real Broker, LLC
(919) 348-2585
Listed By:
Peter Kima · License #247276
(919) 609-6777
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 23 at 7:06AM
MLS# 10194041
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,578-square-foot mixed-use property provides commercial space at street level and residential accommodations on the second floor. Both levels have received updates, and the building includes a newer roof. Brick construction, central air, ceiling fans, high ceilings, crown molding, recessed lighting, and built-in features contribute to the property's physical profile. The residential level includes a kitchen island, pantry, separate shower, soaking tub, and walk-in closet, while public water and public sewer serve the property.
The property occupies 0.08 acres at 109 S Raiford Street in Selma, North Carolina. Its two-level configuration supports several potential arrangements identified for the space, including operating a business on the first floor while using the upper level for living or leasing. The street-level area may accommodate retail, office, studio, or boutique-oriented use, subject to applicable requirements. The combination of commercial and residential areas creates a flexible setup for an owner-occupant or an investor seeking distinct spaces within one building.
The property occupies 0.08 acres at 109 S Raiford Street in Selma, North Carolina. Its two-level configuration supports several potential arrangements identified for the space, including operating a business on the first floor while using the upper level for living or leasing. The street-level area may accommodate retail, office, studio, or boutique-oriented use, subject to applicable requirements. The combination of commercial and residential areas creates a flexible setup for an owner-occupant or an investor seeking distinct spaces within one building.
Key Highlights
- 4,578‑square‑foot mixed‑use property with commercial and residential areas
- 0.08‑acre site at 109 S Raiford Street, Selma, NC 27576
- Street‑level commercial area with residential space on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,124,040
$1.1M
Cap Rate 7%
$802,886
$802.9K
Cap Rate 9%
$624,467
$624.5K
Market Conditions
NOI Build-Up for 4,578 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.8K $18.96/SF
− Vacancy
−$6.5K −$1.42/SF
EGI
$80.3K $17.54/SF
− OpEx
−$24.1K −$5.26/SF
NOI
$56.2K $12.28/SF
Area
Johnston County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,124,040
Cap Rate 7%
$802,886
Cap Rate 9%
$624,467
Alternative Uses
Best Use
Retail
$802.9K
$702.5K – $936.7K
NOI $56,202 @ 7.0% cap · market cap 5.11%
Second Best
Mixed Use
$676.9K
$592.3K – $789.7K
NOI $47,382 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M
NOI $96,947 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 50%
Selma IGA Supermarket
Groceries
8,744 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,038 visits/mo
0.1 miles
State Employees Credit Union
Shops & Services
2,990 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,764 visits/mo
0.1 miles
Demographics for 27576, NC
17,568
Population
7,911
Households
2.2
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
81.3 sq mi
ZIP Area
216
Density / Sq Mi
$62,044
Median Household Income
$39,262
Median Earnings
$874
Median Rent
$178,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property pairs street-facing commercial space with an updated residential area and public utilities.
Where is this mixed-use property located?
The property is located at 109 S Raiford Street Selma, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,578‑square‑foot mixed‑use property with commercial and residential areas; 0.08‑acre site at 109 S Raiford Street, Selma, NC 27576; Street‑level commercial area with residential space on the second floor
