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    1020 Corporate Park Dr Mebane, NC 27302
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    Property profile & analytics

    1020 Corporate Park Dr, Mebane, NC 27302

    View on Map
    • Warehouses
    • 50,400 SF
    • 6.46 lot acres
    For Lease
    $2,290,000
    View Listing →
    Mebane Warehouse Space Available For Lease
    $2,290,000
    50,250 SF

    Mebane Warehouse Space Available

    50,250 sqft warehouse/industrial space for lease in Mebane, NC.

    1020 Corporate Park Drive, Mebane, NC 27302
    View Listing
    Property ID
    US53-1883074
    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.
    Value Estimations
    $2,290,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PPG Coatings Services - MetoKote / Factory / Production Facility

    Property Details for 1020 Corporate Park Dr

    Year built
    2006
    Lot size
    6.46 lot acres
    Zone code
    M2
    Property type
    Warehouses
    APN
    163575
    APU
    163575

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 11, 2020 — Avenue 26 Holdings LLC Avenue 26 Holdings Bb LLC Quit Claim Deed —
    Aug 19, 2014 $1,342,000 Avenue 26 Holdings Bb LLC Libaw S D & J B Trust Grant Deed · related —
    Feb 26, 2014 $2,157,000 Libaw,s D & J B Family Trust Johnson Nc LLC Grant Deed —
    Aug 23, 2006 $129,500 Ncic LLC Clifford M Ray JR Family Warranty Deed —
    Aug 23, 2006 $258,500 Johnson Nc LLC Ncic LLC Warranty Deed —
    — — Johnson Nc LLC — Deed Of Trust · related $2.2M · Ge Com'l Fin Busn Prop Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,930,000
      ML approach
      $2,310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,902,000
      Market price range: $1.24M - $3.83M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,610,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.2981
    Latitude
    36.0805
    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
    $24,603
    $837,225
    $2,230,463
    $3,067,688
    -
    $837,225
    $2,230,463
    $3,067,688

    Comparable in this City

    • Value Estimation
      $15,215,000
      250,000 SF

      2267 Us 70

      WAREHOUSE, STORAGE
      2267 Us 70, Mebane, NC 27302-9035
      View Details
    • Value Estimation
      $41,715,000
      367,187 SF

      1027 Corporate Park Dr

      WAREHOUSE, STORAGE
      1027 Corporate Park Dr, Mebane, NC 27302-8368
      View Details
    • Value Estimation
      $685,000
      4,800 SF

      303 Ctr St

      MINI-WAREHOUSE, STORAGE
      303 Ctr St, Mebane, NC 27302-2554
      View Details
    • Value Estimation by Request
      5,000 SF

      125 Gibson Rd

      WAREHOUSE, STORAGE
      125 Gibson Rd, Mebane, NC 27302-9400
      View Details
    • Value Estimation by Request
      1,539 SF

      1956 Jones Dr

      WAREHOUSE, STORAGE
      1956 Jones Dr, Mebane, NC 27302-9619
      View Details
    • Value Estimation by Request
      5,632 SF

      111 Ruffin St

      WAREHOUSE, STORAGE
      111 Ruffin St, Mebane, NC 27302-2440
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      98,425 SF

      Mebane Warehouse with Expansion Potential

      98,425 SF warehouse expandable to 110,425 SF near I-40/I-85.
      700 Trollingwood Hawfields Rd, Mebane, NC 27302
      View Details
    • $695,000
      Pending

      Mebane Industrial Building on 1.3 Acres

      30,000 SF industrial building on 1.3 acres in Mebane, NC.
      821 W Center St, Mebane, NC 27302
      View Details
    • Contact for pricing

      High Visibility Corner Lot

      Corner lot with traffic light, high visibility, ~2.03 acres.
      4105 Old Hillsborough Rd, Mebane, NC 27302
      View Details
    • Contact for pricing

      Corner Lot with Development Potential

      High-visibility corner lot suitable for development near Mebane City Limits.
      4105 Old Hillsborough Rd, Mebane, NC 27302
      View Details
    • Contact for pricing

      Undeveloped Lot Near I-40/85

      5.42 acre lot zoned A/R in Orange County.
      Rock Quarry Rd, Mebane, NC 27302
      View Details
    • $386,900

      Mebane Church Opportunity

      Church with large sanctuary and fellowship hall in growing market.
      711 W Holt St, Mebane, NC 27302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      70,000 SF

      Mebane Industrial Land For Lease

      5.60 acre industrial land for lease near I-40/85.
      1402 Dogwood Way, Mebane, NC 27302
      View Details
    • Contact for pricing
      369,420 SF

      Mebane Cross Dock Loading Facility

      369,420 square foot cross dock loading facility for lease.
      1017 Corporate Park Dr, Mebane, NC 27302
      View Details
    • $7 SF/Yr
      92,500 SF

      Mebane Warehouse: 92,500 SF Available

      Large industrial warehouse, divisible, I-85/I-40 access.
      900 Mattress Factory Rd, Mebane, NC 27302
      View Details
    • Contact for pricing

      Mebane Warehouse Space Available

      Warehouse space for lease near I-85/40 and Tanger Outlets.
      709 A O Smith Rd, Mebane, NC 27302
      View Details
    • $43,333
      1,838,232 SF

      Mebane Warehouse with Interstate Access

      130,000 sq ft warehouse with outside storage available for lease.
      709 A O Smith Rd, Mebane, NC 27302
      View Details
    • Contact for pricing
      115,000 SF

      Mebane Warehouse Space Available

      115,000 square foot warehouse space for rent in Mebane.
      700 Trollingwood Hawflds Rd, Mebane, NC 27302
      View Details
    View Listing
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    Mebane, NC 27302
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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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