Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15 Mill St Wadesboro, NC 28170

    • Investment properties
    • 2,892 SF
    • 3.38 lot acres
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3766853
    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

    • Investment properties

    Property Details for 15 Mill St

    Year built
    1923
    Lot size
    3.38 lot acres
    Property size
    2,892 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    6484-15-63-9671
    APU
    648415639671

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $193,000
      Market price range: $154k - $390k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $250,000
      Current use
      RETAIL STORES
      $280,000
      Change: +11% Conversion: Easy
      OFFICE BUILDING
      $245,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $235,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadesboro
    County
    Anson
    State
    North Carolina
    Longitude
    -80.0449
    Latitude
    34.9645
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    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
    2018
    $752
    $36,800
    $19,600
    $56,400
    -
    $36,800
    $19,600
    $56,400

    Comparable in this City

    • Value Estimation
      $265,000
      1,260 SF

      109 Covington St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,260 SF
      109 Covington St, Wadesboro, NC 28170-2715
      View Details
    • Value Estimation
      $245,000
      1,086 SF

      1244 Parson Grv Church Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,086 SF
      1244 Parson Grv Church Rd, Wadesboro, NC 28170-6450
      View Details
    • Value Estimation
      $310,000
      1,704 SF

      823 Us Hwy 52nd N

      OFFICE/RESIDENTIAL (MIXED USE) • 1,704 SF
      823 Us Hwy 52nd N, Wadesboro, NC 28170-9110
      View Details
    • Value Estimation
      $350,000
      3,120 SF

      200 Kitty Bennett Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      200 Kitty Bennett Rd, Wadesboro, NC 28170-2677
      View Details
    • Value Estimation
      $210,000
      1,345 SF

      307 Grn St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,345 SF
      307 Grn St, Wadesboro, NC 28170-2717
      View Details
    • Value Estimation
      $345,000
      3,118 SF

      202 Wade St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,118 SF
      202 Wade St, Wadesboro, NC 28170-2251
      View Details

    Similar Nearby for Sale

    • $399,900
      0.23 Acres

      Wadesboro Commercial Investment Opportunity

      Large commercial space in uptown Wadesboro, priced under $20/square foot.
      201 W Morgan St, Wadesboro, NC 28170
      View Details
    • $125,000
      1,364 SF

      Wadesboro Commercial Building - Great Potential

      1,364 sq ft building, $125,000. Prime location.
      110 Rutherford St, Wadesboro, NC 28170
      View Details
    • $1,200,000
      18.70 Acres

      Wadesboro Commercial Land - 18.7 Acres

      Prime Wadesboro acreage, near Walmart. Excellent development potential.
      74 None, Wadesboro, NC 28170
      View Details
    • $487,500

      Timber Tract in Wadesboro Park

      Timber investment or residential development opportunity with utilities available.
      000 Chesterfield Rd, Wadesboro, NC 28170
      View Details
    • $44,900
      2.20 Acres

      Wadesboro Land with Utilities

      2.2 acre lot with water and sewer access.
      Burns St, Wadesboro, NC 28170
      View Details
    • $427,500
      57.00 Acres

      Wadesboro Timber Tract For Sale

      57-acre timber tract suitable for investment or residential development.
      Chesterfield Rd, Wadesboro, NC 28170
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,260 SF

      Wadesboro Retail Space Available

      Prime Anson County retail space, two suites available.
      200 Walton Dr, Wadesboro, NC 28170
      View Details
    • $10 SF/Yr
      380,279 SF

      Wadesboro Commercial Warehouse and Land

      Commercial warehouse and land with fenced area, easy highway access.
      493 Anson Apparel Shirt Rd, Wadesboro, NC 28170
      View Details
    • $3,000 /Mo
      81,893 SF

      Highway 74 Commercial Space

      Commercial space on Highway 74 with open layout.
      2549 Us Highway 74, Wadesboro, NC 28170
      View Details
    • $17 SF/Yr
      1,375 SF

      Wadesboro Distribution Center

      Prime Wadesboro location, 1,375 sq ft.
      606 Caswell St, Wadesboro, NC 28170
      View Details
    • $2,500 /Mo
      10,019 SF

      Renovated Commercial Space in Wadesboro

      Newly renovated commercial space available for lease in uptown Wadesboro.
      201 W Morgan St, Wadesboro, NC 28170
      View Details
    • $1,200 /Mo
      21,780 SF

      Renovated Commercial Space in Wadesboro

      Newly renovated commercial space near Hwy 74 in Wadesboro, NC.
      214 N Park Rd, Wadesboro, NC 28170
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Mill St
    Wadesboro, NC 28170
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.