Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1139 Terrell Street Mebane, NC 27302

    View on Map
    Claim this Listing
    For Sale
    $450,000

    COMMERCIAL - Mebane, NC

    Property size:
    1,405 SF
    Lot size:
    4.53 Acres
    Added:
    Oct 31, 2022
    Days on Market:
    1268
    Last Refresh:
    Apr 20 at 1:06 pm

    Property Features for 1139 Terrell Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    Size
    1,405 SF
    Lot size
    4.53 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HBA 1139 TERRELL ST PARCEL 163754
    Tax Annual Amount
    1594

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Gary Lee Renigar

    Listing agent Gary Lee Renigar

    Listing office Keller Williams Central 2280 S Church Street Suite 206, Burlington, NC

    Listing date Oct 31, 2022

    MLS# 2481695

    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.

    Overview

    Mebane, NC Residential Land

    This 4.53-acre parcel is located off S. Fifth St in Mebane, NC. The property is currently zoned residential. A vacant brick home conveys at no value. The property has a private well and public sewer. City water is available at the street. The city maintains the road to the pump station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.290934
    Latitude
    36.071336

    Nearby Similar for Sale

    • $350,000

      Mebane Land with Private Pond

      17.7-acre property with pond, ideal for recreation or farming.
      6020 Corbett Ridge Road, Mebane, NC 27302
      View Details
    • $2,850,000
      1,652 SF

      Mebane Land I-85/I-40 Frontage

      31.49 acres with I-85/I-40 frontage in a growth market.
      7340 Old Country Lane, Mebane, NC 27302
      View Details
    • $5,890,510

      Mebane Land Parcel Assemblage

      Land assemblage suitable for single-family homes with subdivision potential.
      Frazier Road, Mebane, NC 27302
      View Details
    • $290,000

      Mebane Acreage Homesite Opportunity

      21.59+/- acre homesite in Mebane with road frontage.
      3641 Corbett Road lot: 1 - 2, Mebane, NC 27302
      View Details
    • $800,000

      Mebane Land with High Visibility

      Corner lot with traffic light and high road frontage.
      4105 Old Hillsborough Road, Mebane, NC 27302
      View Details
    • $475,000

      Mebane Commercial Lots For Sale

      Two commercial lots in Mebane, NC, near I-40/I-85.
      1204 S Fifth Street, Mebane, NC 27302
      View Details
    • $499,900

      Mebane Land with Rezoning Potential

      1.94-acre lot near I-85/40 with rezoning potential.
      1111 S Fifth Street, Mebane, NC 27302
      View Details
    • $199,500

      Mebane Land: 15+ Acre Lot

      15.1 acre wooded lot near Hillsborough and Durham.
      7275 Atkins Road, Mebane, NC 27302
      View Details
    • $199,500

      Mebane Land: 15+ Acre Wooded

      15.1 acre wooded land perfect for building a dream home.
      7275 Atkins Road, Mebane, NC 27302
      View Details
    • $160,000

      Land with Pond Near Mebane

      4.77 acres with pond, ready for dream home near Mebane.
      1853 Miles Chapel Road, Mebane, NC 27302
      View Details
    • $299,900

      Undeveloped Land in Mebane, NC

      5.42 acre lot zoned A/R in Orange County.
      Rock Quarry Road, Mebane, NC 27302
      View Details
    • $220,000

      Mebane Agricultural Land For Sale

      17.18 acre parcel zoned AR near I-40/85.
      6621 Nicks Road, Mebane, NC 27302
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.53 acre parcel with brick home in Mebane.
    Where is this residential land & home lot located?
    The property is located at 1139 Terrell Street Mebane, NC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Large 4.53 Acre Parcel; Public Sewer Connection On Property; Residential Zoning
    (336) 263-2196
    We can help!
    Listing Contact
    Gary Lee Renigar
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!