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    1218 S Main St Graham, NC 27253
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    1218 S Main St, Graham, NC 27253

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    • Specialty properties
    For Sale
    $575,000
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    Two Parcels on Main Street For Sale
    $575,000

    Two Parcels on Main Street

    Two parcels for sale together on Main Street.

    1218 & 1222 S Main Street, Graham, NC 27253
    View Listing
    Property ID
    US53-0215898
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1218 S Main St

    Property type
    Specialty properties
    Property subtype
    Commercial real estate

    Description

    Two seperate parcels to be sold together - 1222 S Main is located next to D&D Auto. Tax Value is for both properties. 1222 S Main is zoned B2 and 1218 is zoned residential. 1222 is occupied by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.3954681
    Latitude
    36.0452345

    Comparable in this City

    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale in Graham, North Carolina.
      2 Jimmie Kerr Rd, Graham, NC 27253
      View Details
    • Contact for pricing
      2,000 SF

      2,000 SQFT Industrial Building

      Industrial building with 2,000 sqft available for sale.
      420 Shoffner St, Graham, NC 27253
      View Details
    • Contact for pricing

      Prime Commercial Parcels in Graham

      Two commercial parcels totaling 1.34 acres in Graham, NC.
      Graham, NC 27253
      View Details
    • Contact for pricing

      38.18 Acre Industrial Development Site

      38.18 acre site ready for industrial development.
      Nc Commerce Park, Graham, NC 27253
      View Details
    • $800,000
      3.87 Acres

      Industrial Land in Graham, NC

      3.87 acres of industrial land with utilities and highway access.
      Jimmie Kerr Rd, Graham, NC 27253
      View Details
    • New
      $365,000
      2,000 SF

      Industrial Building in Graham, NC

      2,000 SF industrial building with flexible space for sale.
      420 Shoffner St, Graham, NC 27253
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale in Graham, North Carolina.
      2 Jimmie Kerr Rd, Graham, NC 27253
      View Details
    • Contact for pricing
      2,000 SF

      2,000 SQFT Industrial Building

      Industrial building with 2,000 sqft available for sale.
      420 Shoffner St, Graham, NC 27253
      View Details
    • Contact for pricing

      Prime Commercial Parcels in Graham

      Two commercial parcels totaling 1.34 acres in Graham, NC.
      Graham, NC 27253
      View Details
    • Contact for pricing

      38.18 Acre Industrial Development Site

      38.18 acre site ready for industrial development.
      Nc Commerce Park, Graham, NC 27253
      View Details
    • $800,000
      3.87 Acres

      Industrial Land in Graham, NC

      3.87 acres of industrial land with utilities and highway access.
      Jimmie Kerr Rd, Graham, NC 27253
      View Details
    • New
      $365,000
      2,000 SF

      Industrial Building in Graham, NC

      2,000 SF industrial building with flexible space for sale.
      420 Shoffner St, Graham, NC 27253
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo
      2,000 SF

      Office and Warehouse Space Available

      2024 SF office/warehouse space for lease in Graham, NC.
      112 E Gilbreath St, Graham, NC 27253
      View Details
    • $27,000
      66,041 SF

      Graham Commercial Property For Rent

      Commercial property available for lease in Graham, North Carolina.
      410 E Interstate Service Rd, Graham, NC 27253
      View Details
    • Contact for pricing

      Retail Space on Main Street

      Retail space for rent in a growing retail corridor.
      832 S Main St, Graham, NC 27253
      View Details
    View Listing
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    1218 S Main St
    Graham, NC 27253
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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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