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    Property profile & analytics

    1318 Mebane Oaks Rd Mebane, NC 27302-9681

    • Outlet malls
    • 184,419 SF
    • 20.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1020213
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SmartStyle Hair Salon / Waxing Hair Removal Service / Beauty Salon
    • Da-Vi Nails / Nail Salon
    • Subway / Takeout Restaurant / Restaurant
    • Jackson Hewitt Tax Service / Tax Preparation / Tax Consultant
    • Minute Key / Key Duplication Service

    Property Details for 1318 Mebane Oaks Rd

    Year built
    2005
    Lot size
    20.85 lot acres
    Property size
    184,419 SF
    Zone code
    B2
    Property type
    Outlet malls
    APN
    164679
    APU
    164679

    Description

    This exceptional retail investment opportunity presents a 45,390 square foot community center in Mebane, North Carolina. Strategically located less than half a mile from the intersection of I-40 and I-85, this property benefits from high visibility and accessibility, situated on Mebane Oaks Road, a major thoroughfare averaging 26,000 vehicles daily. The center boasts a signalized entrance ensuring convenient access for customers. Currently, the center is anchored by a Walmart Supercenter and features a diverse tenant mix including Dollar Tree, Rent-A-Center, Great Clips, Ciao Pizza, GameStop, Cato, H&R Block, and Sally Beauty Supply. Adjacent outparcels are occupied by Duke Primary Care Mebane and Zaxby's, further enhancing the property's appeal and drawing significant foot traffic. The property includes 265 parking spaces to accommodate shoppers and employees. Built in 2005, the center currently has 1,810 square feet of vacant space, presenting a unique opportunity for expansion or new tenant acquisition. Located in Alamance County, NC, with a zip code of 27302, this property offers a strong investment potential within a thriving retail market. The property is not currently home to any internet cafes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,000,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.2728
    Latitude
    36.0673
    CBSA code
    15500
    CBSA name
    BURLINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $96,964
    $2,113,265
    $9,977,048
    $12,090,313
    -
    $2,113,265
    $9,977,048
    $12,090,313

    Comparable in this City

    • Value Estimation
      $400,000
      10,856 SF

      904 5th St

      WHOLESALE OUTLET, DISCOUNT STORE • 10,856 SF
      904 5th St, Mebane, NC 27302-3239
      View Details
    • Value Estimation
      $260,000
      9,600 SF

      123 Ctr St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,600 SF
      123 Ctr St, Mebane, NC 27302-2431
      View Details
    • Value Estimation
      $1,270,000
      132,718 SF

      200 Lowes Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 132,718 SF
      200 Lowes Blvd, Mebane, NC 27302-9790
      View Details
    • Value Estimation
      $920,000
      53,964 SF

      616 1st St, Unit 630

      SHOPPING CENTER, STRIP CENTER • 53,964 SF
      616 1st St, Mebane, NC 27302-2106
      View Details
    • Value Estimation
      $985,000
      72,548 SF

      1020 Mebane Oaks Rd

      SHOPPING CENTER, STRIP CENTER • 72,548 SF
      1020 Mebane Oaks Rd, Mebane, NC 27302-9679
      View Details
    • Value Estimation
      $980,000
      63,237 SF

      1282 5th St

      SHOPPING CENTER, STRIP CENTER • 63,237 SF
      1282 5th St, Mebane, NC 27302-9756
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Mebane

      Retail spaces available for lease in Mebane, North Carolina.
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      View Details
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      Retail Space in Mebane Ridge

      Retail space available in Mebane Ridge Shopping Center.
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    • Contact for pricing
      5,384 SF

      Mixed-Use Development in Mebane, NC

      New mixed-use development with retail, restaurant, medical, and multifamily spaces.
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    • $14 SF/Yr
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      Versatile Retail or Office Space

      2,000 SF space suitable for retail or office use.
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      View Details
    • $22 SF/Yr
      2,600 SF

      Remodeled Flex Office Space Available

      Customizable flex office space in Mebane, minutes from downtown.
      2258 Us Highway 70, Mebane, NC 27302
      View Details
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    Mebane, NC 27302-9681
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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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