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    Versatile Mixed-Use Property in Denton Title is generated by Realmo AI

    11 Bell Avenue, Denton, NC 27239

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    For Sale
    $415,000

    MULTI_FAMILY - Denton, NC

    Property size:
    6,150 SF
    Price / SF:
    $67/SF
    Added:
    Mar 12, 2026
    Days on Market:
    65
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 11 Bell Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    NB
    Standard status
    Active
    Size
    6,150 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Merrick Dyson

    Listing agent Merrick Dyson

    Listing office Price REALTORS - NC Hwy 8 Lexington, NC

    Listing date Mar 12, 2026

    MLS# 1211330

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner location in downtown Denton, NC with high visibility and easy access to major highways.
    • Versatile NB zoning allows for multiple business and residential uses.
    • Over 3300 sq ft of office/warehouse space with a 1/2 bath, garage bay, and docking bay.
    • Partial conversion to living space including a full bath, laundry, kitchenette, and great room with new French doors.
    • Ample parking in front and rear with drive‑around access for deliveries.
    • Phase 3 power, ceiling air hoses, and compressor included (buyer to verify operability and code compliance).

    Overview

    This mixed-use property is located in downtown Denton, North Carolina, with convenient access to NC Highways 64, 49, and 109. Situated on a corner lot, the property features road frontage on Bell Avenue and Jones Street, facilitating easy deliveries with drive-around access. Ample parking is available in both the front and rear of the building. The property includes over 3300 square feet of office and warehouse space, complete with a half bath, garage bay, and docking bay. Ceiling air hoses and a compressor are present on-site. Zoned NB, the property allows for multiple uses, including both business and residential. Part of the building has been converted into living space, featuring a full bath, laundry sink and hook-ups, and a kitchenette wired for a range and water lines for an ice maker, along with a great room with new French doors. A recent HVAC installation services a portion of the building converted to residential space. The property has Phase 3 power. The total property size is 6150 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.1162436
    Latitude
    35.6323768

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office, warehouse, and residential potential.
    Where is this mixed-use property located?
    The property is located at 11 Bell Avenue Denton, NC.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Prime corner location in downtown Denton, NC with high visibility and easy access to major highways.; Versatile NB zoning allows for multiple business and residential uses.; Over 3300 sq ft of office/warehouse space with a 1/2 bath, garage bay, and docking bay.
    (336) 960-9286
    We can help!
    Listing Contact
    Merrick Dyson
    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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