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Property profile & analytics
OFF-MARKET Estimated value $550,000
Commercial land

201 Bragg Blvd Spring Lake, NC 28390-3928

3,352 SF 0.91 ac lot Built 1981
Individually Owned 4-yr Hold Free & Clear
Property ID
US53-2177746
Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1981
Total area 3,352 SF
Lot 0.91 ac (39,640 SF)
Zoning code C3
APN 0501-85-4182
UPID US53-2177746
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Amazing Cuts Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
$615k
Comparable Approach Comparable
$599k
Blend (final) Blend
$550k
Owner & transaction history
Andreas Anagnostopoulos · 4 yrs held
Andreas Anagnostopoulos
since 2022
Last sale
$475,000
3 recorded transactions
2022
Price N/A
2021
$475,000
2011
Price N/A
Zoning & alternative use
C3 · Spring Lake, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-3-Heavy Commercial District. This conventional zoning district is designed primarily for a wide variety of retail and wholesale bu siness, commercial and contract services, commercial recreation and amusement, public assembly and office uses. Since this district has such a wide selection of uses, it will not be expanded without consideration as to its effe…

Zone name Heavy Commercial District
General category COMMERCIAL
Zone area 143.75 ac
Top alternative use upside
Medical building $570,000 +50.0%
Office building $525,000 +38.4%
Auto repair, garage $510,000 +34.0%
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