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Property profile & analytics
OFF-MARKET Estimated value $780,000
Retail space

108 Us Hwy 15th N Stovall, NC 27582-9600

9,125 SF 0.89 ac lot Built 2005
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-3196927
Property summary
AI-generated overview

This unique 1,172 square foot mixed-use property, located at 108 US Highway 15 N in Stovall, NC, presents a remarkable investment opportunity. Built circa 1880, this former St. Peter's Episcopal Church boasts a rich history and captivating architectural details. The sanctuary features high ceilings, large double-hung windows, and a stunning stained-glass arched window in the Gothic Revival altar area. Two smaller rooms flank the altar. A two-story bell tower entrance with large paneled doors leads into the chapel, which retains its original decorative beadboard walls, ceilings, and pews. The property includes a sizable .84-acre lot offering 174 feet of road frontage on US Highway 15 and an additional 30 feet of frontage on Cedar Lane, providing excellent visibility and access. While the electrical system is present, it is currently disconnected. The property lacks plumbing, modern heating and cooling, and is not connected to Stovall's public water and sewer systems. A historical survey and additional documentation are available for review. Please note that the cross and statue of Jesus are not included in the sale. This property's prime location and historical significance make it ideal for a variety of adaptive reuse projects, offering significant potential for a discerning buyer. The on-site graveyard is a noteworthy feature of the property's history. The asking price is $98,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 9,125 SF
Lot 0.89 ac (38,768 SF)
APN 192815625776
UPID US53-3196927
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$780k
Owner & transaction history
Kasee Properties LLC · 4 yrs held
Kasee Properties LLC
since 2021
Last sale
$750,000
2 recorded transactions
2021
$750,000
2005
$637,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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