109 S Raiford St, Selma, NC 27576

Building Details

Year Built 1910 More

Buildings 1 More

Listing Agency: Real Broker, LLC

Listed By: Peter Kima · License #247276 Show Phone

Source: Myhomesearchtriangle

Added: Aug 27 Changed: Nov 1 Last Checked: Nov 6 at 9:13AM

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Investment Insights

Based on property information with market context.

Built in 1910, this 4,578-square-foot mixed-use property combines business and residential space within one building. The street-level area is configured for commercial occupancy, while a residence occupies the upper level, creating a live-work arrangement with separate spaces for business and living.

Located at 109 S Raiford St in Selma, NC 27576, the property offers a central-town setting within a community recognized in the source information for its historic character and small-town environment. The two-level configuration supports owner occupancy, separate leasing, or a combination of commercial and residential use, subject to applicable requirements.

Key Highlights

• 4,578‑square‑foot mixed‑use building
• Street‑level commercial space
• Residential living area above the commercial level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,274

Cap Rate

7.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,405,480 $1.4M

Cap Rate 7%

$1,003,914 $1.0M

Cap Rate 9%

$780,822 $780.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,578 SF

Gross rent

$112.6K $24.60/SF

− Vacancy

−$18.9K −$4.13/SF

EGI

$93.7K $20.47/SF

− OpEx

−$23.4K −$5.12/SF

NOI

$70.3K $15.35/SF

Area

Johnston County, NC

Vacancy

16.80%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,405,480

Cap Rate 7%

$1,003,914

Cap Rate 9%

$780,822

Alternative Uses

Best Use

Office B

$1.00M

$878.4K – $1.17M (±1% cap)

NOI $70,274 @ 7.0% cap · market cap 7.03%

Second Best

Retail

$802.9K

$702.5K – $936.7K (±1% cap)

NOI $56,202 @ 7.0% cap · market cap 5.62%

Theoretical Best

Office A

$1.38M

$1.21M – $1.62M (±1% cap)

NOI $96,947 @ 7.0% cap · market cap 9.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Real Broker LLC Real Estate Agency Barn Shelter Antiques Home Decor Store

Suggested Use

Top Pick Building Supply Parking Lot & Garage Pharmacy HVAC Service Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

368

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Upstairs Open Retail Space

107 N Raiford St, Selma, NC 27576

Contact for pricing

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Street-level commercial space paired with residential living above creates a flexible live-work property configuration.

Where is this mixed-use property located?

The property is located at 109 S Raiford St Selma, NC.

What is the asking price?

The asking price for this property is $999,900.

What are key features of this property?

This property features: 4,578‑square‑foot mixed‑use building; Street‑level commercial space; Residential living area above the commercial level