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    4005 Lee St Ayden, NC 28513
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    4005 Lee St Ayden, NC 28513

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    • Retail properties & Spaces
    • 1,600 SF
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4005 Lee St

    Lot size
    1.50 lot acres
    Property size
    1,600 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional 1,600 square foot storefront property, located at 4005 Lee Street in Ayden, North Carolina, presents a compelling investment opportunity. Situated on a generous 1.5-acre lot, this retail/industrial space is zoned B-2 (high commercial), offering significant potential for a variety of businesses. The building itself boasts ample square footage, providing flexibility for diverse commercial uses. Its strategic location in Ayden, Pitt County, NC, 28513 (35.4804974, -77.4164121) ensures high visibility and accessibility. The asking price is $99,500, making this a highly attractive proposition for savvy investors seeking a strong return on investment in a thriving commercial area. The property's size and zoning provide considerable development potential, allowing for expansion or adaptation to suit specific business needs. This is a rare opportunity to acquire a substantial commercial property in a desirable location at an attractive price point. Don't miss out on this chance to secure a prime piece of Ayden real estate. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ayden
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.4164
    Latitude
    35.4805

    Comparable in this City

    • Value Estimation by Request
      662 SF

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      RETAIL STORES (PERSONAL SERVICES) • 662 SF
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    • Value Estimation by Request
      4,470 SF

      106 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 4,470 SF
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    • Value Estimation by Request
      1,969 SF

      9527 Hwy 903rd N

      RETAIL STORES (PERSONAL SERVICES) • 1,969 SF
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    • Value Estimation by Request
      216 SF

      4270 High St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 216 SF
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    • Value Estimation by Request
      1,875 SF

      535 3rd St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,875 SF
      535 3rd St, Ayden, NC 28513-2148
      View Details
    • Value Estimation by Request
      0.10 Acres

      Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.10 Acres
      Main St, Ayden, NC 28513
      View Details

    Similar Nearby for Sale

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      Commercial building for sale, leased until August 2025.
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    • $32,000
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      1.6 acre residential lot, ready for your dream home.
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    • $429,000
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      Ayden, NC Commercial Property

      Versatile 6,821 sq ft building on half-acre lot.
      4392 Lee St, Ayden, NC 28513
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      Industrial Land Parcel in Ayden

      10.5 acre industrial zoned land parcel in Ayden, NC.
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      Land in Historic Ayden, NC

      Three prime lots for building dream home or investment properties.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Downtown Ayden Retail Space Available

      New retail storefronts available in charming downtown Ayden, North Carolina.
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    • $5,880 /Mo
      5,880 SF

      Ayden Retail Space For Lease

      Commercial space in Ayden, suitable for various businesses.
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    • $5,833 /Mo

      Highway Commercial Land Lease Opportunity

      1.21 acres of highway commercial land for lease.
      123 Snow Hill St, Ayden, NC 28513
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    4005 Lee St
    Ayden, NC 28513
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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.

    More about this property
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