Technical
Financial
Distress signals
Property profile

1405 Andrews Ave 1419 Henderson, NC 27536

OFF-MARKET
Strip malls
Property ID
US53-4320233
55,334 SF 8.69 ac lot Built 1999
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Cardinal Plaza, located at 1405 E Andrews Ave in Henderson, NC (Vance County, zip code 27536), offers exceptional retail space in a thriving location. This multi-tenant property totals 50,000 square feet and currently has available spaces ranging from 1,500 to 33,000 square feet, perfect for a variety of retail businesses. The center enjoys a prime location in eastern North Carolina, just 40 miles northeast of Raleigh and 16 miles from the Virginia-North Carolina border, ensuring excellent accessibility for customers. Cardinal Plaza benefits from strong anchor tenants including Food Lion, Subway, and State Farm, attracting a significant volume of shoppers. The property boasts impressive customer loyalty, with a remarkable 7.91 visits per person, indicating a high level of repeat business and strong community engagement. This makes Cardinal Plaza an attractive investment opportunity for businesses seeking high visibility and a proven track record of success in a densely populated area. The property's strategic location and established tenant base provide a solid foundation for future growth and profitability. Contact us today to learn more about the available spaces and explore the potential of this exceptional retail center.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Total area 55,334 SF
Lot 8.69 ac (378,449 SF)
APN 0214 03017
UPID US53-4320233

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

1405 Andrews Ave, Unit 1419 Henderson, NC 27536
Henderson metro Census 960903 HENDERSON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.28M

Owner & transaction history

since 2015
1 recorded transaction
2015
$4.4M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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