Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1987 Main St Williamston, NC 27892

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1987 Main St Williamston, NC 27892

    View on Map
    • Retail properties & Spaces
    • 10,542 SF
    • 2.44 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1987 Main St

    Year built
    2024
    Lot size
    2.44 lot acres
    Property size
    10,542 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,542 square-foot Dollar General store located at 1987 W Main St, Williamston, NC 27892. The property sits on a 2.44-acre lot in a high-traffic commercial highway zone, boasting excellent visibility and access with 47 parking spaces. Built in 2024, this single-tenant building benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a nationally recognized and creditworthy tenant. The lease includes five 5-year renewal options, ensuring long-term income stability. Rent increases of 5% every five years throughout the initial term and at the beginning of each option period provide built-in inflation protection. The property's strong Net Operating Income (NOI) of $147,720 yields a compelling 6.65% cap rate, making it an attractive, low-management investment. The property's location within a dense retail corridor, near schools, and on a signalized intersection further enhances its investment potential. This is a truly passive investment opportunity with zero landlord responsibilities. The asking price is $2,221,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Martin
    State
    North Carolina
    Longitude
    -77.0868
    Latitude
    35.8394

    Comparable in this City

    • Value Estimation by Request
      21,943 SF

      114 Washington St

      Individual retail properties • 21,943 SF
      114 Washington St, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      4,320 SF

      Railroad St

      Individual retail properties • 4,320 SF
      0 Railroad St, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      0.88 Acres

      Mccaskey Rd

      Individual retail properties • 0.88 Acres
      0 Mccaskey Rd, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      0.13 Acres

      304 Railroad St

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      304 Railroad St, Williamston, NC 27892
      View Details
    • Value Estimation
      $875,000
      0.71 Acres

      825 Blvd Boulevard

      RETAIL STORES (PERSONAL SERVICES) • 0.71 Acres
      825 Blvd Boulevard, Williamston, NC 27892-2772
      View Details
    • Value Estimation by Request
      0.52 Acres

      129 Blvd Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.52 Acres
      129 Blvd Blvd, Williamston, NC 27892-2663
      View Details

    Similar Nearby for Sale

    • $445,000
      Pending

      Spacious Downtown Storefront with Warehouse

      Large storefront property with warehouse and ample parking.
      200 W Main St, Williamston, NC 27892
      View Details
    • $280,000
      1,080 SF

      Highly Visible Corner Commercial Lot

      Commercial lot in high-traffic area, suitable for various businesses.
      801 East Blvd, Williamston, NC 27892
      View Details
    • $39,500
      Pending

      Downtown Building with Storefront Showcase

      Downtown Williamston building with versatile potential uses and office space.
      105 W Main St, Williamston, NC 27892
      View Details
    • $445,000
      17,394 SF

      Prime Williamston Commercial Property

      Large lot, high-traffic location, great potential.
      200 Main St, Williamston, NC 27892
      View Details
    • $1,700,000
      Pending

      Commercial Property in Williamston, NC

      Commercial property for sale in Williamston, North Carolina.
      Rodgers School Rd, Williamston, NC 27892
      View Details
    • $57,500
      0.43 Acres

      Downtown Commercial Land in Williamston

      Commercial or mixed-use land in downtown Williamston, North Carolina.
      806 Park St, Williamston, NC 27892
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      3,652 SF

      Retail Building with Lease Option

      3,652 SF retail building with flexible lease and build-out options.
      615 Washington St, Williamston, NC 27892
      View Details
    • Contact for pricing
      3,070 SF

      Retail Space in Williamston, NC

      Retail space available in shopping center anchored by Piggly Wiggly.
      908 Washington St, Williamston, NC 27892
      View Details
    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.
    1987 Main St
    Williamston, NC 27892
    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

    1987 Main St, Williamston, NC, 27892

    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!