Commercial Property in Growing
For Sale
$475,000
1203 S Fifth St, Mebane, NC 27302
Commercial property with high visibility near I-40/I-85 interchange.
Property Size1,494 SF
Price / SF$317.94
Days on Market139
Property Features for 1203 S Fifth St
General Information
Standard status
Active
Size
1,494 SF
Building Details
Year Built
1947
Listing Agency:
Re/MaxDiamond Realty
Listed By:
Donna Parker Davis · License #79118
(336) 214-8556
Source:
Burlingtonnchomes4sale
Added: May 25
Changed: Oct 2
Last Checked: Oct 9 at 11:56PM
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 Re/MaxDiamond Realty
Investment Insights
Based on property information with market context.
This commercial property is located on one of Mebane's fastest-growing corridors, minutes from downtown and right off the I-40/I-85 interchange and NC-119. It benefits from excellent visibility and strong traffic exposure, with convenient access to the Triad and Triangle areas. The property, with a size of 1494 square feet, is well-suited for office, service, and retail uses. It has been used as a barber shop and rented to the same tenant since 2010.
Key Highlights
- High visibility and strong traffic exposure on a rapidly growing corridor.
- Convenient access to I‑40/I‑85 interchange and NC‑119.
- Ideal location between the Triad and Triangle areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,401
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,020
$588.0K
Cap Rate 7%
$420,014
$420.0K
Cap Rate 9%
$326,678
$326.7K
Market Conditions
NOI Build-Up for 1,494 SF
Gross rent
$44.8K $30.00/SF
− Vacancy
−$2.8K −$1.89/SF
EGI
$42.0K $28.11/SF
− OpEx
−$12.6K −$8.43/SF
NOI
$29.4K $19.68/SF
Area
Alamance County, NC
Vacancy
6.29%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,020
Cap Rate 7%
$420,014
Cap Rate 9%
$326,678
Alternative Uses
Best Use
Retail
$420.0K
$367.5K – $490.0K
NOI $29,401 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.6K
$431.0K – $574.7K
NOI $34,480 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27302, NC
33,237
Population
14,997
Households
2.2
Avg Household Size
40
Median Age
34%
College-Educated
90%
High-School Grad
114.7 sq mi
ZIP Area
290
Density / Sq Mi
$81,875
Median Household Income
$45,502
Median Earnings
$1,130
Median Rent
$275,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with high visibility near I-40/I-85 interchange.
Where is this storefront property located?
The property is located at 1203 S Fifth St Mebane, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: High visibility and strong traffic exposure on a rapidly growing corridor.; Convenient access to I‑40/I‑85 interchange and NC‑119.; Ideal location between the Triad and Triangle areas.
