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

    1206 S Fifth St Mebane, NC 27302

    • Commercial real estate
    For Sale
    View listing
    $440,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1212140
    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

    • Commercial real estate

    Property Details for 1206 S Fifth St

    Property type
    Commercial real estate

    Description

    This exceptional 86,684 square foot commercial lot is ideally situated in Mebane, North Carolina, at 1206 S Fifth Street, zip code 27302. Boasting a level, wooded terrain, this property offers unparalleled access to major transportation arteries. Its proximity to the new Highway 119 bypass ensures convenient access to Interstates 85 and 40, reachable within just 2-3 minutes via the Highway 119 intersection or the Mebane Oaks intersection. Previously zoned residential, the lot has been cleared of existing structures to maximize its road frontage, a direct result of the Highway 119 bypass project. This strategic positioning makes it perfectly suited for commercial development. A 2017 NCDOT traffic count recorded 10,000 vehicles, highlighting the high traffic volume in the area. Furthermore, city water is readily available via S 5th Street, and a sewer easement is accessible through Foust Road. This presents a unique opportunity for developers seeking a high-visibility location with excellent infrastructure support. The asking price for this remarkable property is $440,000. Don't miss this chance to acquire a prime commercial parcel in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.2886832
    Latitude
    36.0736338

    Comparable in this City

    • $325,000
      1.08 Acres

      Commercial Land Near Highway 119

      Approximately 1 acre lot near Highway 119 and I-85/40.
      Mebane, NC 27302
      View Details
    • $110,000
      2.25 Acres

      Mebane Land Near Quaker Creek

      2.25 acre lot near downtown Mebane and I-40/85.
      3656 Bason Rd, Mebane, NC 27302
      View Details
    • $325,000

      Mebane Commercial Lot Opportunity

      Approximately one acre lot near Hwy 119 Bypass and I85/40.
      S Third St, Mebane, NC 27302
      View Details
    • $800,000
      2.03 Acres

      Mebane Land with High Visibility

      Corner lot with traffic light and high road frontage.
      4105 Old Hillsborough Rd, Mebane, NC 27302
      View Details
    • $109,000
      0.46 Acres

      Residential Land in Winding Creek

      Presale lot in Winding Creek, near downtown Mebane.
      2968 Frst Crk Ln, Mebane, NC 27302
      View Details
    • $115,000
      0.46 Acres

      Residential Lot in Winding Creek

      Residential lot in Winding Creek at the Haw subdivision.
      2905 Frst Crk Ln, Mebane, NC 27302
      View Details

    Similar Nearby for Sale

    • $325,000
      1.08 Acres

      Commercial Land Near Highway 119

      Approximately 1 acre lot near Highway 119 and I-85/40.
      Mebane, NC 27302
      View Details
    • $110,000
      2.25 Acres

      Mebane Land Near Quaker Creek

      2.25 acre lot near downtown Mebane and I-40/85.
      3656 Bason Rd, Mebane, NC 27302
      View Details
    • $325,000

      Mebane Commercial Lot Opportunity

      Approximately one acre lot near Hwy 119 Bypass and I85/40.
      S Third St, Mebane, NC 27302
      View Details
    • $800,000
      2.03 Acres

      Mebane Land with High Visibility

      Corner lot with traffic light and high road frontage.
      4105 Old Hillsborough Rd, Mebane, NC 27302
      View Details
    • $109,000
      0.46 Acres

      Residential Land in Winding Creek

      Presale lot in Winding Creek, near downtown Mebane.
      2968 Frst Crk Ln, Mebane, NC 27302
      View Details
    • $115,000
      0.46 Acres

      Residential Lot in Winding Creek

      Residential lot in Winding Creek at the Haw subdivision.
      2905 Frst Crk Ln, Mebane, NC 27302
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      2,600 SF

      Remodeled Flex Office Space Available

      Customizable flex office space in Mebane, minutes from downtown.
      2258 Us Highway 70, Mebane, NC 27302
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    • Contact for pricing
      369,420 SF

      Mebane Cross Dock Loading Facility

      369,420 square foot cross dock loading facility for lease.
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      115,000 SF

      Mebane Warehouse Space Available

      115,000 square foot warehouse space for rent in Mebane.
      700 Trollingwood Hawflds Rd, Mebane, NC 27302
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    • Contact for pricing
      232,336 SF

      Mebane Industrial Facility For Lease

      232,336 SF industrial facility in Mebane, North Carolina.
      2350 Park Center Dr, Mebane, NC 27302
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      5,861 SF

      New Mixed-Use Development Retail Space

      Retail space available in a new mixed-use development.
      Rowland Ln, Mebane, NC 27302
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    • $7 SF/Yr
      805,200 SF

      Buckhorn II Industrial Warehouse Space

      805,200 SF Warehouse, I-85 Corridor
      0 Buckhorn Industrial Pkwy, Mebane, NC 27302
      View Details
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    1206 S Fifth St
    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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