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

    204 Wade St Wadesboro, NC 28170-2265

    • Office buildings
    • 2,256 SF
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1517498
    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

    • Electric Vehicle Charging Station / Electric Vehicle Charging Station
    • Anson County Domestic Violence / Non-Profit Organization / Social Services Organization

    Property Details for 204 Wade St

    Year built
    1952
    Property size
    2,256 SF
    Property type
    Office buildings
    APN
    6474-16-74-8282
    APU
    647416748282

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $201,000
      Market price range: $132k - $281k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $190,000
      Current use
      RETAIL STORES
      $215,000
      Change: +14% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $195,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $180,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadesboro
    County
    Anson
    State
    North Carolina
    Longitude
    -80.0752
    Latitude
    34.9658
    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
    $2,015
    $50,600
    $100,600
    $151,200
    -
    $50,600
    $100,600
    $151,200

    Comparable in this City

    • Value Estimation
      $245,000
      758 SF

      809 Ingram St

      OFFICE BUILDING • 758 SF
      809 Ingram St, Wadesboro, NC 28170-1549
      View Details
    • Value Estimation
      $315,000
      10,759 SF

      205 Morgan St

      OFFICE BUILDING • 10,759 SF
      205 Morgan St, Wadesboro, NC 28170-2147
      View Details
    • Value Estimation
      $220,000
      1,710 SF

      307 Morgan St

      OFFICE BUILDING • 1,710 SF
      307 Morgan St, Wadesboro, NC 28170-2107
      View Details
    • Value Estimation
      $270,000
      1,782 SF

      202 Morgan St

      OFFICE BUILDING • 1,782 SF
      202 Morgan St, Wadesboro, NC 28170
      View Details
    • Value Estimation
      $315,000
      2,975 SF

      120 Rutherford St

      OFFICE BUILDING • 2,975 SF
      120 Rutherford St, Wadesboro, NC 28170-2135
      View Details
    • Value Estimation
      $380,000
      5,200 SF

      3447 Us Hwy 74th W

      OFFICE BUILDING • 5,200 SF
      3447 Us Hwy 74th W, Wadesboro, NC 28170-7565
      View Details

    Similar Nearby for Sale

    • $169,900
      0.38 Acres

      Versatile Commercial Property in Wadesboro

      1803 SF commercial space ideal for office or mixed-use.
      202 Greenwood Ln, Wadesboro, NC 28170
      View Details
    • $289,000
      1.00 Acre

      Hwy 74 Commercial Lot - Wadesboro, NC

      Prime 1-Acre Commercial Lot on Hwy 74
      74 None, Wadesboro, NC 28170
      View Details
    • $250,000
      4,000 SF

      Prime Wadesboro Retail Space

      High-traffic location, versatile layout, great price.
      804 Camden Rd, Wadesboro, NC 28170
      View Details
    • $180,000
      52.21 Acres

      52 Acres of Rolling Land

      52 acres of land with county water access in Wadesboro.
      2190 Mcrae Ave, Wadesboro, NC 28170
      View Details
    • $299,000
      6.40 Acres

      Wadesboro Commercial Land For Sale

      6.4 acres of commercial land with highway frontage.
      Us Highway 74 W, Wadesboro, NC 28170
      View Details
    • $30,000
      1.37 Acres

      Wadesboro Land For Sale

      Two lots totaling 1.36 acres in Wadesboro, North Carolina.
      Old Lilesville Rd, Wadesboro, NC 28170
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • $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.
    204 Wade St
    Wadesboro, NC 28170-2265
    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.