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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11090 Old Highway 74 Evergreen, NC 28438

    • Outlet malls
    • 9,180 SF
    For Lease
    View listing
    $8 SF/Yr
    Last Sale
    Nov 24, 2020
    $1,454,000
    Value Estimations
    $1,540,000
    Cap Rate Potential
    6.3%
    Outlet malls
    Location Intelligence
    Property ID
    US53-4153219
    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

    • Family Dollar / Dollar Store / Clothing Store

    Property Details for 11090 Old Highway 74

    Construction
    STEEL FRAME
    Property size
    9,180 SF
    Property type
    Outlet malls
    APN
    0215.00-50-1996.000
    APU
    21500501996000

    Description

    This exceptional 9,180-square-foot retail space presents a remarkable opportunity for businesses seeking high visibility and a prime location in Evergreen, North Carolina. Situated at 11090 Old Hwy 74, this newly constructed (2021) single-tenant building boasts an enviable position off US 74 and NC 130, benefiting from significant daily traffic of 15,000 vehicles. The entire space is currently vacant, offering a blank canvas for a discerning tenant to customize and establish their business. The property features ample parking, ensuring convenient access for customers and employees. Located in Columbus County, this property offers a strategic advantage for businesses aiming to reach a substantial customer base. Its modern design and prominent location combine to create an ideal environment for growth and success. The address is 11090 Old Hwy 74, Evergreen, NC 28438. This is a rare opportunity to secure a high-traffic, newly built retail space in a thriving area. Don't miss out on this chance to establish your business in a highly visible and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,755,000
      ML approach
      $1,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,845,000
      6.5%
      $1,705,000
      7%
      $1,585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,262,000
      Market price range: $233k - $1.26M
      AI Estimate
      $1,381,000
      Market price range: $392k - $1.38M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,040,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen
    County
    Columbus
    State
    North Carolina
    Longitude
    -78.9497
    Latitude
    34.4395

    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
    2024
    $4,306
    $6,800
    $469,000
    $475,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,505,000
      9,344 SF

      6508 Haynes Lennon Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 9,344 SF
      6508 Haynes Lennon Hwy, Evergreen, NC 28438-9265
      View Details
    • Value Estimation by Request
      1,792 SF

      8225 Old Hwy 74

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,792 SF
      8225 Old Hwy 74, Evergreen, NC 28438-9617
      View Details
    • Value Estimation by Request
      1,200 SF

      6307 Princess Ann Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      6307 Princess Ann Rd, Evergreen, NC 28438-8945
      View Details
    • Value Estimation by Request
      1,160 SF

      1509 Old Boardman Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,160 SF
      1509 Old Boardman Rd, Evergreen, NC 28438-9455
      View Details
    • Value Estimation by Request
      918 SF

      7553 Old Hwy 74

      RETAIL STORES (PERSONAL SERVICES) • 918 SF
      7553 Old Hwy 74, Evergreen, NC 28438-9635
      View Details
    • Value Estimation
      $580,000
      3,120 SF

      1031 Old Boardman Rd

      CONVENIENCE STORE • 3,120 SF
      1031 Old Boardman Rd, Evergreen, NC 28438-9401
      View Details

    Similar Nearby for Sale

    • New
      $79,500
      17.30 Acres

      Lumber River Frontage Hunting Land

      17.3 acres of wooded land with 4,600 feet of river frontage.
      Macedonia Church Rd, Evergreen, NC 28438
      View Details
    • Contact for pricing
      0.45 Acres

      Land Near Highway 74

      Residential land near Interstate 74, ideal for home or storage.
      8832 Old 74 Hwy, Evergreen, NC 28438
      View Details
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    11090 Old Highway 74
    Evergreen, NC 28438
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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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