Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in Downtown Siler City Title is generated by Realmo AI

    915 W 3rd Street, Siler City, NC 27344

    View on Map
    Claim this Listing
    New
    For Sale
    $70,000

    LAND - Siler City, NC

    Lot size:
    0.14 Acres
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 915 W 3rd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    O-IOffice Institutional D
    Vegetation
    Cleared
    Standard status
    Active
    APN
    0016129
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Tr A & B
    Tax Annual Amount
    596

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Dianne Gray
    Dianne Gray

    Listing agent Dianne Gray

    Listing office Coldwell Banker - HPW 1600 E Franklin Street, Raleigh, NC

    Listing date May 29, 2026

    MLS# 10170553 Listing URL

    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 Siler City location.
    • Zoned Industrial‑Office offering flexible development options including single family residence, business/residence combination.
    • Utilities (electric, water, sewer) are already on the property.
    • Public water and sewer available.
    • Potential for residence on upper level with business on main level.
    • Across the street from the former hospital site.

    Overview

    This 0.14-acre land parcel is located in downtown Siler City and is zoned for Industrial-Office use, offering numerous development options. Permitted uses include single-family residences and mixed-use buildings with business options on the main level and a residence on an upper level, subject to city building restrictions. Electric, water, and sewer services are available on the property. Sewer permit issuances are expected to begin late 2027, pending the completion of the State's moratorium on Siler City's improvements in its storm water drainage system. The property is situated across the street from the site of the former hospital building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Siler City
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.473644
    Latitude
    35.720947

    Nearby Similar for Sale

    • $285,000
      1,775 SF

      Highway Commercial Opportunity in Siler

      Versatile commercial property with income potential in high-traffic location.
      517 N 2nd Avenue, Siler City, NC 27344
      View Details
    • $240,000

      Highway 421 Corridor Land

      Land in the Highway 421 corridor near Siler City.
      1030 Piney Grove Church Road, Siler City, NC 27344
      View Details
    • $259,000
      1,877 SF

      Siler City Duplex Investment Opportunity

      Well-maintained duplex in growing Siler City, near major developments.
      411 W Raleigh Street, Siler City, NC 27344
      View Details
    • $927,010

      Acreage in Growing Siler City

      54.59-acre tract near Hwy 64 and future I-685.
      N Richardson Road, Siler City, NC 27344
      View Details
    • $337,000

      Undeveloped Wooded Land in Siler City

      Pristine 18.7-acre wooded land with road frontage.
      Rives Chapel Church Road, Siler City, NC 27344
      View Details
    • $199,900

      Wooded Lot in Larkington Subdivision

      4.07-acre corner lot ready for your dream home.
      49 Larkington Drive, Siler City, NC 27344
      View Details
    • $200,000

      Siler City Development Opportunity

      Three lots available for commercial and residential development in Siler City.
      E Third Street, Siler City, NC 27344
      View Details
    • $285,000

      Secluded Wooded Homesite in Siler

      Private 10.51-acre wooded homesite with pond views in Siler City.
      800 Southwind Road, Siler City, NC 27344
      View Details
    • $390,000

      Siler City Land Development Opportunity

      5.56 acres of R-10 zoned land near downtown Siler City.
      726 S Second Avenue, Siler City, NC 27344
      View Details
    • $1,200,000

      50-Acre Farm in Chatham County

      50-acre farm suited for cattle grazing and future homesites.
      7587 Siler City Snow Camp Road, Siler City, NC 27344
      View Details
    • $30,000

      Land Near Siler City Airport

      Corner lot near airport and downtown Siler City, North Carolina.
      102 Airport Road, Siler City, NC 27344
      View Details
    • $200,000

      Land in Silk Hope

      4.64 acres to build your dream home or mini-farm.
      586 Anneliis Lane, Siler City, NC 27344
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development opportunity in downtown Siler City with utilities on site.
    Where is this commercial land located?
    The property is located at 915 W 3rd Street Siler City, NC.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Prime downtown Siler City location.; Zoned Industrial‑Office offering flexible development options including single family residence, business/residence combination.; Utilities (electric, water, sewer) are already on the property.
    (919) 904-0320
    We can help!
    Listing Contact
    Dianne Gray
    Dianne Gray
    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
    915 W 3rd Street, Siler City, NC 27344
    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!