Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    201 Vance St Clinton, NC 28328-4040

    • Retail space
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2024
    $145,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4969929
    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

    • Heat Wave Hair & Tanning / Beauty Salon

    Property Details for 201 Vance St

    Lot size
    0.06 lot acres
    Property type
    Retail space
    APN
    12030988601
    APU
    12030988601

    Description

    This 1,960 square foot mixed-use building, located at 201 Vance Street in historic downtown Clinton, North Carolina, is available for $219,900 ($112.19/sq ft). Currently vacant, this property presents a unique opportunity for a variety of businesses. Originally constructed in 1910 and remodeled in 1986, the building boasts ample parking and a highly visible corner location. Its previous tenants include long-standing businesses such as George's Jewelry Store and Heatwave Hair and Tanning Salon, demonstrating its suitability for a range of commercial uses. Potential uses could include office spaces, a hair salon, tanning facility, workout studio, or other retail businesses. The property's proximity to the Sampson County Courthouse and other downtown amenities, including boutiques, coffee shops, a community theatre, a local radio station, executive offices, and gift and floral shops, provides excellent visibility and accessibility. This is an exceptional opportunity to establish or relocate a business in a thriving downtown area. The property is situated in Sampson County, NC, zip code 28328.

    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
    Clinton
    County
    Sampson
    State
    North Carolina
    Longitude
    -78.3238
    Latitude
    34.9986

    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
    2024
    $1,804
    $7,740
    $135,424
    $143,164
    -
    $7,740
    $135,424
    $143,164

    Comparable in this City

    • Value Estimation by Request
      9.00 Acres

      9086 Us 421st Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9.00 Acres
      9086 Us 421st Hwy, Clinton, NC 28328-7944
      View Details
    • Value Estimation
      $255,000
      0.06 Acres

      315 Vance St

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      315 Vance St, Clinton, NC 28328-4042
      View Details
    • Value Estimation
      $255,000
      0.05 Acres

      313 Vance St

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      313 Vance St, Clinton, NC 28328-4042
      View Details
    • Value Estimation
      $260,000
      0.02 Acres

      106 Wall St

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      106 Wall St, Clinton, NC 28328-4045
      View Details
    • Value Estimation
      $255,000
      0.07 Acres

      207 Vance St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      207 Vance St, Clinton, NC 28328-4040
      View Details
    • Value Estimation
      $70,000
      0.30 Acres

      308 College St

      RETAIL STORES (PERSONAL SERVICES) • 0.30 Acres
      308 College St, Clinton, NC 28328-4008
      View Details

    Similar Nearby for Sale

    • $2,400,000
      Pending

      Profitable Auto Repair and Towing

      Two established businesses with real estate, equipment, and growth potential.
      276 Faison Hwy, Clinton, NC 28328
      View Details
    • $65,000
      2.64 Acres

      Land For Sale, Clinton, NC

      2.64 acres of land for sale near Clinton, North Carolina.
      Roseboro Hwy, Clinton, NC 28328
      View Details
    • $410,000
      81.33 Acres

      81 Acres Wooded Tract

      Unrestricted 81-acre wooded tract ideal for homesite or recreation.
      Big Piney Grove Rd, Clinton, NC 28328
      View Details
    • $89,995
      1.24 Acres

      Clinton, NC Vacant Land Package

      Three residential lots sold together in Clinton, North Carolina.
      Barden St, Clinton, NC 28328
      View Details
    • $49,900
      9.02 Acres

      9.02 Acres Near Clinton, NC

      9.02 acres of partially cleared land for sale.
      Sandy Ln, Clinton, NC 28328
      View Details
    • $395,000
      1.94 Acres

      Prime Clinton, NC Commercial Land

      1.94 Acres, $395,000 - Development Opportunity
      1239 Sunset Ave, Clinton, NC 28328
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      67,500 SF

      Clinton, NC Warehouse - 67,500 SF

      Spacious industrial warehouse, ideal for storage.
      395 Pugh Rd, Clinton, NC 28328
      View Details
    • $1,500 /Mo
      1,527 SF

      Professional Office Space Available

      Single-tenant office space with reception, conference room, and breakroom.
      111 Fontana St, Clinton, NC 28328
      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.
    201 Vance St
    Clinton, NC 28328-4040
    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.