Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land Parcel in Mebane Title is generated by Realmo AI

    1206 S Fifth Street, Mebane, NC 27302

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $440,000

    Almost 2-acre parcel near Hwy 119 bypass.

    Type:Commercial/Industrial
    Lot size:
    1.99 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 5 at 8:43 pm

    Property Features for 1206 S Fifth Street

    General Information

    Standard status
    Active
    Lot size
    1.99 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Gary Holmes

    Listing agent Gary Holmes License #286350

    Listing office Coldwell Banker HPW

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Coldwell Banker HPW

    HighLights

    • Prime location near the new Hwy 119 bypass and Interstates 85/40.
    • Almost 2‑acre parcel with significant road frontage.
    • Highest and best use is commercial.
    • City water available via S 5th St.
    • Sewer easement via Foust Road.
    • NCDOT traffic count of 10,000 in 2017.

    Overview

    This almost 2-acre parcel is located on S Fifth St in Mebane, near the new Hwy 119 bypass. It's situated approximately 2-3 minutes from Interstates 85/40 at the Hwy 119 intersection and the Mebane Oaks intersection. The property is currently zoned residential, but the house was removed to expand the road frontage due to the HWY 119 bypass project. The highest and best use is considered commercial. According to NCDOT, the traffic count was 10,000 in 2017. City water is available via S 5th St, and there is a sewer easement via Foust Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center 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
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.2886
    Latitude
    36.0737

    Nearby Similar for Sale

    • $475,000
      1,494 SF

      Mebane Commercial Property For Sale

      Commercial property in Mebane, NC, with high visibility and traffic.
      1203 S Fifth Street, Mebane, NC 27302
      View Details
    • $475,000

      Mebane Commercial Lots For Sale

      Two commercial parcels near downtown Mebane and I-40/I-85.
      1204 S Fifth Street, Mebane, NC 27302
      View Details
    • $217,000
      2,136 SF

      Mebane Duplex Investment Opportunity

      Duplex in downtown Mebane, ready for renovation.
      106 -108 S 2nd Street, Mebane, NC 27302
      View Details
    • $2,850,000
      1,652 SF

      Mebane Land I-85/I-40 Frontage

      31.49 acres with I-85/I-40 frontage in a growth market.
      7340 Old Country Lane, Mebane, NC 27302
      View Details
    • $350,000

      Mebane Land with Private Pond

      17.7-acre property with pond, ideal for recreation or farming.
      6020 Corbett Ridge Road, Mebane, NC 27302
      View Details
    • $325,000

      Vacant Land in Downtown Mebane

      2.8 acre vacant lot in downtown Mebane.
      1215 S Fifth Street, Mebane, NC 27302
      View Details
    • $5,890,510

      Mebane Land Parcel Assemblage

      Land assemblage suitable for single-family homes with subdivision potential.
      Frazier Road, Mebane, NC 27302
      View Details
    • $800,000

      Mebane Land with High Visibility

      Corner lot with traffic light and high road frontage.
      4105 Old Hillsborough Road, Mebane, NC 27302
      View Details
    • $199,500

      Secluded Land Parcel in Mebane, NC

      15.1 acres of wooded land ideal for custom home.
      7275 Atkins Road, Mebane, NC 27302
      View Details
    • $199,500

      15 Acres of Wooded Land

      15.1 acres of wooded land in Orange County, North Carolina.
      7275 Atkins Road, Mebane, NC 27302
      View Details
    • $275,000

      Mebane Homesite with Road Frontage

      21.59+/- acre homesite in Mebane with road frontage.
      3641 Corbett Road lot: 1 - 2, Mebane, NC 27302
      View Details
    • $220,000

      Mebane Agricultural Zoned Land Parcel

      17.18 acre agricultural zoned land, convenient location.
      6621 Nicks Road, Mebane, NC 27302
      View Details

    FAQs

    What type of property is this?
    Commercial land - Almost 2-acre parcel near Hwy 119 bypass.
    Where is this commercial land located?
    The property is located at 1206 S Fifth Street Mebane, NC.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Prime location near the new Hwy 119 bypass and Interstates 85/40.; Almost 2‑acre parcel with significant road frontage.; Highest and best use is commercial.
    (919) 563-8885
    We can help!
    Listing Contact
    Gary Holmes
    Real Estate License ID: 286350
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1206 S Fifth Street, Mebane, NC 27302
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!