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    Historic Building in Selma's Social District Title is generated by Realmo AI

    100 N Raiford Street, Selma, NC 27576

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    Claim this Listing
    For Lease
    $2,031/Mo $18 SF/Yr (calc)

    COMMERCIAL - Selma, NC

    Type:Retail
    Property size:
    1,354 SF
    Lot size:
    0.04 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    35
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 100 N Raiford Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Interior features
    Bar, High Ceilings
    Appliances
    Built-In Refrigerator
    Standard status
    Active
    APN
    14028046
    Size
    1,354 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Description
    Lot 2 Selma Plat 94-266

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1910
    Flooring type
    Terrazzo

    We can help!

    Listing Contact
    Tracy L Riba
    Tracy L Riba

    Listing agent Tracy L Riba License #221530

    Listing office HTR Southern Properties 110 N Raiford St., Selma, NC

    Listing date Apr 18, 2026

    MLS# 10161175

    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.

    HighLights

    • Historic Neoclassical Revival building in Selma's Social District.
    • Equipped with a U‑shaped bar (27 stools), tables, and 30 chairs.
    • High vaulted ceilings and tall windows provide ample natural light.
    • Located in a social district with monthly concerts and year‑round farmers markets.
    • Close proximity to the new Target & BJ's in Eastfield Crossing and I‑95.
    • Includes a built‑in refrigerator.

    Overview

    This historic Neoclassical Revival style building, situated on the corner of Raiford and Anderson Street in Selma's Social District, presents an opportunity for an expanding or start-up brewery. The property, available for rent at $2031 per month NNN, could also serve as a small shop. The interior features a U-shaped bar with 27 stools, along with tables and 30 chairs. High vaulted ceilings and tall windows provide natural light. Downtown Selma hosts monthly concerts during the summer and year-round farmers markets. The social district facilitates shopping and dining experiences for visitors. Food trucks can be called in to add to the delight of customers. The property is located near the new Target and BJ's in Eastfield Crossing, just off I-95.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Vault by Hatchet ... Production Facility Selma City Cemetery Cemetery Treasury Antiques Home Decor Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • La Gloria Bar — 208 W Noble St, Selma, NC 27576
    • The Alley Bar — 113 S Raiford St, Selma, NC 27576
    • Quantum Toad — 116 S Raiford St, Selma, NC 27576
    • Live at The Rudy Theatre — 300 N Raiford St, Selma, NC 27576

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.283192
    Latitude
    35.535766

    Nearby Similar for Lease

    • $1,200/Mo
      730 SF

      Downtown Selma Historic Office Space

      Quaint downtown office space available immediately in historic building.
      108 W Anderson Street, Selma, NC 27576
      View Details
    • $1,200/Mo
      730 SF

      Downtown Selma Historic Office Space

      Historic downtown Selma office space available for rent immediately.
      108 W Anderson Street, Selma, NC 27576
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Neoclassical building suitable for brewery or shop in Selma.
    Where is this bar & pub located?
    The property is located at 100 N Raiford Street Selma, NC.
    What is the lease rate?
    The lease rate is $2,031 /Mo.
    What are key features of this property?
    This property features: Historic Neoclassical Revival building in Selma's Social District.; Equipped with a U‑shaped bar (27 stools), tables, and 30 chairs.; High vaulted ceilings and tall windows provide ample natural light.
    (919) 637-0004
    We can help!
    Listing Contact
    Tracy L Riba
    Tracy L Riba
    Real Estate License ID: 221530
    Learn More
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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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