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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Commercial real estate
108 Pne St, Princeton, NC 27569
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-2659106
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Total area
4,032 SF
Lot
0.08 ac (3,485 SF)
Zoning code
COW
APN
4004003
UPID
US53-2659106
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BB&T Insurance Services Insurance Agency
-
2 Bella's Bistro Restaurant
-
BB&T Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$690k
Owner & transaction history
Heather Leigh Richards Peterson · 3 yrs held
Heather Leigh Richards Peterson
since 2022
Last sale
$687,629
2 recorded transactions
Zoning & alternative use
COW · Princeton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$675,000
+56.7%
Retail stores
$645,000
+50.1%
Auto repair, garage
$615,000
+42.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$705,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
OFFICE BUILDING
$675,000
Change: +57% · Conversion: Easy
RETAIL STORES
$645,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $688k (May 28 2025)
Last sale anchor
$688k
May 28 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$171 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,196
Tax year 2024
Assessed value
$308,500
Assessed 2024
Previous assessed
$308,500
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$6,970
Assessed improvement
$301,530
Land market value
$6,970
Improvement market value
$301,530
Total market value
$308,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1940
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
2
Bathrooms
1
Total area
4,032 SF
Lot
0.08 ac (3,485 SF)
Zoning code
COW
APN
4004003
UPID
US53-2659106
Jurisdiction
JOHNSTON
Zoning & alternative use
COW · Princeton, NC
Zoning COW · permitted uses
COW · Princeton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Princeton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$430,000
OFFICE BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
MEDICAL BUILDING
Est. value
$585,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Heather Leigh Richards Peterson
Individual
Free & Clear · 3 yrs held
Mailing address
220 PO BOX 639TH DR, PRINCETON, NC 27569-0639
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
—
Heather Leigh Richards Peterson
Heather Leigh Richards Peterson
Intrafamily Transfer
related
—
Nov 21, 2017
$27,500
Heather Peterson
Santos,fatima D
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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