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

    118 WEST ARBOR LANE Arbor Lane Unit 118 WEST Eden, NC 27288

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $210,200

    Story and a half brick office building with three units.

    Type:Office
    Added:
    Jul 21, 2024
    Days on Market:
    626
    Last Refresh:
    Apr 1 at 8:48 pm

    Property Features for 118 WEST ARBOR LANE Arbor Lane Unit 118 WEST

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Tommy Fleming

    Listing agent Tommy Fleming

    Listing office PIEDMONT TRIAD FLEMING, REALTORS

    Listing date Jul 21, 2024

    Source Xome

    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 PIEDMONT TRIAD FLEMING, REALTORS

    Overview

    Brick Office Building with Units

    This is a story and a half brick office building featuring three units. Each unit contains three rooms and a single bathroom. Reconfiguration of the existing layout could potentially create a fourth unit within the building. The property is located on Arbor Lane in Eden, North Carolina.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Eden
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.7844
    Latitude
    36.5114

    Nearby Similar for Sale

    • $325,000

      Eden Office Building For Sale

      Office building in a busy location with high visibility.
      222 E Meadow Road, Eden, NC 27288
      View Details
    • $450,000

      Mixed-Use Property in Eden, NC

      Mixed-use property featuring a restaurant and medical office space.
      247 W Kings Highway, Eden, NC 27288
      View Details
    • $139,900

      Downtown Eden Office For Sale

      Office property in high-traffic downtown area with five large rooms.
      703 Washington Street, Eden, NC 27288
      View Details
    • $325,000

      Downtown Eden Mixed-Use Property

      Renovated mixed-use property with retail and residential spaces in Eden.
      646 Washington Street, Eden, NC 27288
      View Details
    • $65,000

      Eden Triplex with Renovation Potential

      Triplex in Eden, NC, with renovation and income potential.
      1203 Ridge Avenue, Eden, NC 27288
      View Details
    • $124,900

      Commercial Garage Building on Corner Lot

      Large commercial garage with office space and potential living space.
      225 S Hamilton Street, Eden, NC 27288
      View Details
    • $249,900

      Charming Cottage with Business Zoning

      Versatile property suitable for residential, business, or live/work use.
      148 E Meadow Road, Eden, NC 27288
      View Details
    • $749,900

      Turn-Key Restaurant Building in Eden

      Turn-key restaurant on high-traffic corridor, suitable for retail/office.
      203B E Meadow Road, Eden, NC 27288
      View Details
    • Contact for pricing
      38,450 SF

      High-Occupancy Self-Storage Facility For Sale

      274-unit self-storage facility with value-add potential in Eden, NC.
      1809 NC Highway 135, Eden, NC 27288
      View Details
    • $335,000

      Multi-Use Facility For Sale

      Multi-use facility with mechanic shop, office, and warehouse space.
      121 Boone Road, Eden, NC 27288
      View Details
    • $357,500

      Well-Maintained Commercial Property For Sale

      Versatile commercial property, ideal for investment or business venture.
      114 S Park Terrace, Eden, NC 27288
      View Details
    • $1,500,000

      Medical Space in Eden, NC

      Medical space available for sale in Eden, North Carolina.
      110 S Park Terrace, Eden, NC 27288
      View Details

    FAQs

    What type of property is this?
    Office units - Story and a half brick office building with three units.
    Where is this office units located?
    The property is located at 118 WEST ARBOR LANE Arbor Lane Unit 118 WEST Eden, NC.
    What is the asking price?
    The asking price for this property is $210,200.
    What are key features of this property?
    This property features: Three units in a brick office building.; Potential for reconfiguration to create four units.; Each unit features three rooms.
    (336) 623-1992
    We can help!
    Listing Contact
    Tommy Fleming
    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!