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

    00 Frederick Street Mount Airy, NC 27030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $69,000

    Commercial lot near Mayberry Mall with B4-Zoning.

    Type:Commercial
    Lot size:
    0.84 Acres
    Added:
    May 2, 2023
    Days on Market:
    1085
    Last Refresh:
    Apr 5 at 9:25 pm

    Property Features for 00 Frederick Street

    General Information

    Standard status
    Active
    Lot size
    0.84 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    ERIC HODGES
    ERIC HODGES

    Listing agent ERIC HODGES License #233824

    Listing office HODGES REALTY

    Listing date May 2, 2023

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of HODGES REALTY

    Overview

    Commercial Land Near Mayberry Mall

    This commercial land is located next to Mayberry Mall on Frederick Street. It features B4-Zoning, suitable for numerous retail or service businesses. The lot has access to public water and sewer services. Electric service is available from the building that previously occupied the site, but it needs to be reconnected.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Surry
    State
    North Carolina
    Longitude
    -80.6197
    Latitude
    36.5035

    Nearby Similar for Sale

    • $399,000

      Mount Airy Development Opportunity

      Prime corner lot in downtown Mount Airy, North Carolina.
      207 E Oak Street, Mount Airy, NC 27030
      View Details
    • $350,000
      1,560 SF

      Mount Airy Office Building For Sale

      Office building in Mt. Airy's business district.
      165 Renfro Street, Mount Airy, NC 27030
      View Details
    • $1,600,000
      7,500 SF

      Mount Airy Office Building

      7,500 SF office building in the heart of Mount Airy.
      199 Renfro Street, Mount Airy, NC 27030
      View Details
    • $380,000

      Multifamily Property Near Downtown

      Multifamily property near downtown Mount Airy with multiple rental opportunities.
      234 Hylton Street, Mount Airy, NC 27030
      View Details
    • $499,900
      12,450 SF

      Versatile Multi-Use Property in Mount Airy

      Unique property with church, home, and metal buildings on 4 acres.
      259 Belvue Drive, Mount Airy, NC 27030
      View Details
    • $294,900

      Mount Airy Multifamily Investment Property

      Two-story property with multiple rental streams and detached garage.
      1513 Pittman Street, Mount Airy, NC 27030
      View Details
    • $89,900

      Ready-to-Build Homesite with Mountain Views

      Improved land with utilities, ready for your dream home.
      1442 Flippin Road, Mount Airy, NC 27030
      View Details
    • $144,900

      Mount Airy Wooded Acreage

      10.58+/- acres of wooded land with hunting cabin.
      1163 Mills Road, Mount Airy, NC 27030
      View Details
    • $68,000

      Residential Land in Mount Airy

      5.22-acre property for custom home with pond near Hwy 52.
      Holly Springs Road, Mount Airy, NC 27030
      View Details
    • $45,000

      Mount Airy Vacant Land

      1.96-acre vacant lot near Hwy 52 and Pilot Mountain.
      Holly Springs Road, Mount Airy, NC 27030
      View Details
    • $10,000

      Residential Lot in Boxwood Estates

      Vacant 0.67-acre lot in a quiet cul-de-sac.
      Nancy Drive, Mount Airy, NC 27030
      View Details
    • $59,000

      Commercial Land on Heavily Traveled Highway

      Commercial property in prime location with high visibility and easy access.
      Andy Griffith Parkway, Mount Airy, NC 27030
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot near Mayberry Mall with B4-Zoning.
    Where is this commercial land located?
    The property is located at 00 Frederick Street Mount Airy, NC.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: Prime Commercial Location: Adjacent to Mayberry Mall on Frederick Street.; B4 Zoning: Suitable for numerous retail or service businesses.; Public Water and Sewer: Lot is equipped with public water and sewer connections.
    (336) 374-9658
    We can help!
    Listing Contact
    ERIC HODGES
    ERIC HODGES
    Real Estate License ID: 233824
    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!