Retail Storefront with Long-Term
For Sale
$475,000
1203 S Fifth Street, Mebane, NC 27302
Commercial Sale, Mebane, NC
Property Size1,494 SF
Lot Size1.30 Acres
Price / SF$317.94
Days on Market99
Property Features for 1203 S Fifth Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C
Rooms
Basement
Parking
6
Interior features
Ceiling Fan(s)
Basement
Crawl Space, Interior Entry, Partial
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Subdivision
Not in a Subdivision
Lot features
Cleared, Landscaped, Level
Standard status
Active
APN
163990
Size
1,494 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S Fifth St Tract 1 10-18-4
Tax Annual Amount
1488
Legal Description
S Fifth St Tract 1 10-18-4
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Flooring type
Hardwood, Vinyl
Building materials
Aluminum Siding
Roof type
Shingle
Listing Agency:
Re/MaxDiamond Realty
(336) 516-7217
Listed By:
Donna Parker Davis · License #79118
(336) 214-8556
Added: May 15
Changed: Aug 19
Last Checked: Aug 21 at 1:06AM
MLS# 10167767
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.
Investment Insights
Based on property information with market context.
This commercial storefront property is currently used as a barber shop and has been leased to the same tenant since 2010. The site is approximately 1.3 acres and totals 1,494 square feet, providing a compact retail presence under zoning marked as C.
Located on one of Mebane’s fastest growing corridors, the property is described as minutes from downtown and just off the I-40/I-85 interchange and NC-119, supporting strong traffic exposure and convenient regional access between the Triad and Triangle. The property is noted as well suited for office, service, and retail uses.
For buyers or tenants seeking an established retail storefront with an ongoing in-place lease history, this provides a straightforward option in a high-access corridor off major routes.
Located on one of Mebane’s fastest growing corridors, the property is described as minutes from downtown and just off the I-40/I-85 interchange and NC-119, supporting strong traffic exposure and convenient regional access between the Triad and Triangle. The property is noted as well suited for office, service, and retail uses.
For buyers or tenants seeking an established retail storefront with an ongoing in-place lease history, this provides a straightforward option in a high-access corridor off major routes.
Key Highlights
- Commercial property built in 1947 with vinyl and hardwood flooring and aluminum siding
- Central air and natural gas forced‑air heating for year‑round comfort
- Rented barber shop use; same tenant since 2010
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Single retail storefront currently operating as a barber shop and rented since 2010 to the same tenant.
Where is this storefront property located?
The property is located at 1203 S Fifth Street 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: Commercial property built in 1947 with vinyl and hardwood flooring and aluminum siding; Central air and natural gas forced‑air heating for year‑round comfort; Rented barber shop use; same tenant since 2010
