1154 E CASWELL Street, Wadesboro, NC 28170

Building Details

Building Size 2,019 SF More

Year Built 2019 More

Listing Agency: Anderson Real Estate c***@andersonrealestate.org Show Phone

Listed By: Dru Anderson · License NC #289625 Show Phone

Source: Blackstreaminternational

Added: Sep 21 Changed: Nov 12 Last Checked: Nov 12 at 7:20AM

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Investment Insights

Based on property information with market context.

This mixed-use property at 1154 E Caswell Street in Wadesboro was built in 2019. Its position along US Highway 74 places it within a commercial corridor with national retailers and everyday service businesses nearby.

The site has direct exposure to the highway and provides customer access, with connectivity across Anson County and the broader South Central North Carolina region.

Key Highlights

• 2019 construction
• Frontage along US Highway 74 in Wadesboro
• Nearby national retailers and daily service businesses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,706

Suggested Prices Based on Cap Rates

Cap Rate 5%

$494,120 $494.1K

Cap Rate 7%

$352,943 $352.9K

Cap Rate 9%

$274,511 $274.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,019 SF

Gross rent

$38.3K $18.96/SF

− Vacancy

−$3.0K −$1.48/SF

EGI

$35.3K $17.48/SF

− OpEx

−$10.6K −$5.24/SF

NOI

$24.7K $12.24/SF

Area

Anson County, NC

Vacancy

7.80%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$494,120

Cap Rate 7%

$352,943

Cap Rate 9%

$274,511

Alternative Uses

Best Use

Mixed Use

$414.0K

$362.2K – $483.0K (±1% cap)

NOI $28,977 @ 7.0% cap

Second Best

Retail

$352.9K

$308.8K – $411.8K (±1% cap)

NOI $24,706 @ 7.0% cap

Theoretical Best

Office A

$711.7K

$622.8K – $830.4K (±1% cap)

NOI $49,821 @ 7.0% cap

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

Pierce Family Chiropractic ... Alternative Medicine Practice Mr. Marcus Pierce Alternative Medicine Practice Primary Health Choice ... Crisis Center

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Auto Repair Shop Electrical Service Storage Facility

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

206

Businesses Nearby

151k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Shops & Services 31% Groceries 12% Home Improvements & Furnishings 8%

McDonald's Dining

27,909 visits/mo 0.2 miles

Speedway Shops & Services

21,925 visits/mo 0.3 miles

Bojangles' Famous Chicken 'n Biscuits Dining

18,091 visits/mo 0.1 miles

Food Lion Grocery Store Groceries

17,657 visits/mo 0.2 miles

Burger King Dining

15,305 visits/mo 0.2 miles

Demographics for 28170, NC

10,337

Population

4,768

Households

2.2

Avg Household Size

45

Median Age

13%

College-Educated

84%

High-School Grad

177.9 sq mi

ZIP Area

58

Density / Sq Mi

$36,139

Median Household Income

$27,144

Median Earnings

$825

Median Rent

$109,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property fronts a commercial corridor serving Wadesboro and the surrounding area.

Where is this mixed-use property located?

The property is located at 1154 E CASWELL Street Wadesboro, NC.

What are key features of this property?

This property features: 2019 construction; Frontage along US Highway 74 in Wadesboro; Nearby national retailers and daily service businesses