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Financial
Distress signals
Property profile

106 S Ray St Carthage, NC 28327

FOR SALE
Retail space
Property ID
US53-5191871
0.17 ac lot Built 1906
Last sale Dec 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A two-story brick restaurant building in Carthage, North Carolina, originally constructed in 1906 and fully renovated in 2023. The property contains approximately 5,500 square feet configured for food and beverage use, with both indoor dining and an outdoor event area featuring a pavilion and expanded seating. It is situated on a corner lot at the intersection of N Ray St and McReynolds St, spanning three parcels totaling approximately 0.41 acres, and includes surrounding parking owned by the Town of Carthage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$537k
Assessed land$41k
Assessed improvement$496k
Effective rate0.85%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k
NOI build-up
Gross scheduled income$104k
Vacancy & credit loss−$6k
Operating expenses−$24k
NOI · 3.49% cap applied$73k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3.49%
$73k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CDB
JurisdictionMOORE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.4
Garden Center8.8
Realty agency8.7

Location

106 S Ray St Carthage, NC 28327
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
290 Brady, Whispering Pines, NC 28327 $1,250,000 Oct 2023 No data
Sandhills, Carthage, NC 28327 $1,040,000 Sep 2023 No data
200 Brady, Whispering Pines, NC 28327 $1,400,000 Feb 2023 No data
390 Brady Rd, Whispering Pines, NC 28327 $1,400,000 Apr 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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