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    Downtown Lillington Commercial Renovation Opportunity Title is generated by Realmo AI

    1209 S Main Street, Lillington, NC 27546

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    For Sale
    $350,000

    COMMERCIAL - Lillington, NC

    Type:Retail
    Property size:
    3,231 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $108/SF
    Added:
    Feb 12, 2026
    Days on Market:
    91
    Last Refresh:
    May 14 at 7:06 pm

    Property Features for 1209 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    GB: General Bus
    Standard status
    Active
    APN
    10055906430001
    Size
    3,231 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1 Lot 132X138 Main & McNeill St
    Tax Annual Amount
    1975

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s), Gas (Cooling), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Gina Marie Bobber Clapp
    Gina Marie Bobber Clapp

    Listing agent Gina Marie Bobber Clapp License #288841

    Listing office Century 21 Triangle Group 407 N Judd Parkway, NE, Fuquay-Varina, NC

    Listing date Feb 12, 2026

    MLS# 10146041

    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.

    HighLights

    • Prime downtown location at a signalized corner of S. Main Street (US‑401) and E. McNeill Street with high visibility and 18,000+ vehicles per day.
    • Significant value‑add opportunity with a 2,361 SF retail space and an additional 870 SF storage building on a 0.42‑acre lot.
    • Flexible GB General Business zoning allows for a wide range of uses.
    • Located minutes from Campbell University and the Capeton community, surrounded by ongoing growth and investment.
    • Expansive storefront windows and prominent Main Street signage provide outstanding branding opportunities.
    • Interior has been opened up, creating a blank canvas ready for customization.

    Overview

    Located in the heart of growing downtown Lillington, this commercial property presents a value-add opportunity for investors and entrepreneurs. Situated at the signalized corner of S. Main Street (US-401) and E. McNeill Street, the property benefits from high exposure and offers significant upside potential. The property includes approximately 2,361 square feet of retail space and an additional 870 square feet storage building on a 0.42-acre lot. This footprint is rare along one of Lillington's busiest corridors, which sees over 18,000 vehicles per day. Expansive storefront windows and prominent Main Street signage and frontage create outstanding visibility and branding opportunities. The building is a full renovation project, and the owners have already started the transformation by opening up the interior, creating a blank canvas ready for customization. The flexible GB General Business zoning supports a wide range of possibilities, including retail, restaurant, office, automotive use, boutique showroom, or redevelopment. Located minutes from Campbell University and the up and coming Capeton community, and surrounded by continued growth and investment, this property offers the chance to create substantial future value in an increasingly desirable market. The building has water damage in the rear left corner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Signature Home Builders ... Construction Company RE/MAX Signature Realty Real Estate Agency Ivey Gupere, Realtor ... Real Estate Agency Jan Norris, RE/MAX ... Real Estate Agency Yvonne Johnson, Re/Max ... Real Estate Agency

    Suggested Use

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

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

    Similar Places Nearby

    • Maggie's Florist & Gifts — 206 W Front St, Lillington, NC 27546
    • The Flower Pot — 300 S 10th St, Lillington, NC 27546

    Location Insight

    • Map
    • Local Demand
    City
    Lillington
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.817812
    Latitude
    35.393736

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    FAQs

    What type of property is this?
    Storefront property - High-exposure commercial property with renovation potential in growing downtown Lillington.
    Where is this storefront property located?
    The property is located at 1209 S Main Street Lillington, NC.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime downtown location at a signalized corner of S. Main Street (US‑401) and E. McNeill Street with high visibility and 18,000+ vehicles per day.; Significant value‑add opportunity with a 2,361 SF retail space and an additional 870 SF storage building on a 0.42‑acre lot.; Flexible GB General Business zoning allows for a wide range of uses.
    (919) 818-3916
    We can help!
    Listing Contact
    Gina Marie Bobber Clapp
    Gina Marie Bobber Clapp
    Real Estate License ID: 288841
    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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