Updated Mixed-Use
109 S Raiford Street, Selma, NC 27576
For Sale
$999,900
Commercial Sale, Selma, NC
Property Size4,578 SF
Lot Size0.08 Acres
Price / SF$218.41
Days on Market48
Property Features for 109 S Raiford Street
General Information
Property type
Property subtype
Zoning
Interior features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Real Broker, LLC
(919) 348-2585
Listed By:
Peter Kima · License #247276
(919) 609-6777
Added: Sep 21
Changed: Oct 6
Last Checked: Nov 7 at 11:06AM
MLS# 10194041
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.
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Investment Insights
Based on property information with market context.
This 4,578-square-foot mixed-use property provides commercial space at street level and residential accommodations on the second floor. Both levels have received updates, and the building includes a newer roof. Brick construction, central air, ceiling fans, high ceilings, crown molding, recessed lighting, and built-in features contribute to the property's physical profile. The residential level includes a kitchen island, pantry, separate shower, soaking tub, and walk-in closet, while public water and public sewer serve the property.
The property occupies 0.08 acres at 109 S Raiford Street in Selma, North Carolina. Its two-level configuration supports several potential arrangements identified for the space, including operating a business on the first floor while using the upper level for living or leasing. The street-level area may accommodate retail, office, studio, or boutique-oriented use, subject to applicable requirements. The combination of commercial and residential areas creates a flexible setup for an owner-occupant or an investor seeking distinct spaces within one building.
The property occupies 0.08 acres at 109 S Raiford Street in Selma, North Carolina. Its two-level configuration supports several potential arrangements identified for the space, including operating a business on the first floor while using the upper level for living or leasing. The street-level area may accommodate retail, office, studio, or boutique-oriented use, subject to applicable requirements. The combination of commercial and residential areas creates a flexible setup for an owner-occupant or an investor seeking distinct spaces within one building.
Key Highlights
- 4,578‑square‑foot mixed‑use property with commercial and residential areas
- 0.08‑acre site at 109 S Raiford Street, Selma, NC 27576
- Street‑level commercial area with residential space on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,202
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,040
$1.1M
Cap Rate 7%
$802,886
$802.9K
Cap Rate 9%
$624,467
$624.5K
Market Conditions
NOI Build-Up for 4,578 SF
Gross rent
$86.8K $18.96/SF
− Vacancy
−$6.5K −$1.42/SF
EGI
$80.3K $17.54/SF
− OpEx
−$24.1K −$5.26/SF
NOI
$56.2K $12.28/SF
Area
Johnston County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,040
Cap Rate 7%
$802,886
Cap Rate 9%
$624,467
Alternative Uses
Best Use
Retail
$802.9K
$702.5K – $936.7K
NOI $56,202 @ 7.0% cap · market cap 5.62%
Second Best
Mixed Use
$676.9K
$592.3K – $789.7K
NOI $47,382 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M
NOI $96,947 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 50%
Selma IGA Supermarket
Groceries
8,744 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,038 visits/mo
0.1 miles
State Employees Credit Union
Shops & Services
2,990 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,764 visits/mo
0.1 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property pairs street-facing commercial space with an updated residential area and public utilities.
Where is this mixed-use property located?
The property is located at 109 S Raiford Street 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 property with commercial and residential areas; 0.08‑acre site at 109 S Raiford Street, Selma, NC 27576; Street‑level commercial area with residential space on the second floor
