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    109 Ormond Ave Goldsboro, NC 27530

    Sponsored
    For Sale
    $375,000

    Prime location, renovated potential, high ROI.

    Property size:
    14,542 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 109 S Ormond Ave in Goldsboro, North Carolina, presents a compelling investment opportunity. The 14,542 square foot building, constructed in 1940, sits on a 0.17-acre lot and is zoned CBDH. Currently classified as a Class B property, it offers a unique blend of apartment and executive office space, making it ideal for a variety of uses. The building is conveniently situated across from the Wayne County Courthouse, ensuring high visibility and accessibility. The interior has been completely cleared and prepared for renovations, simplifying the redevelopment process. Architect conceptual plans are readily available to assist with future development. While the square footage listed does not include the basement area, this adds further potential for expansion or additional space. The property is a two-story building, however, the elevator requires repairs. The asking price is $375,000, translating to a price per square foot of $25.79. The property's prime location, coupled with its renovation-ready state and significant potential for high returns, makes this an attractive investment prospect. The Wayne County APN is 2599954433.

    Property Features for 109 Ormond Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,542 SF
    Class
    B
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1940
    Stories
    2

    HighLights

    • $375,000 asking price.
    • 14,542 square foot mixed‑use building.
    • $25.79 price per square foot.
    • 1940 construction, two stories, Class B.
    • 0.17‑acre lot in Goldsboro, NC, Wayne County (APN: 2599954433).
    • CBDH zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Probation Department Probation Office Community Service Social Services Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.9953216
    Latitude
    35.3818897

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, renovated potential, high ROI.
    Where is this multifamily property located?
    The property is located at 109 Ormond Ave Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: $375,000 asking price.; 14,542 square foot mixed-use building.; $25.79 price per square foot.
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    Realmo Value Estimation

    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.

    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.

    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
    109 Ormond Ave Goldsboro, NC 27530
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