Add Listing
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

    2040 3rd St Ext Mebane, NC 27302-8192

    • Industrial properties
    • 10,400 SF
    • 3.43 lot acres
    OFF-MARKET
    Value Estimations
    $865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1382939
    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

    • Amick Equipment Co. / Building Supply

    Property Details for 2040 3rd St Ext

    Year built
    1986
    Lot size
    3.43 lot acres
    Property size
    10,400 SF
    Zone code
    M 2
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    160537
    APU
    160537

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $704,000
      Market price range: $661k - $2.07M
      AI Estimate
      $820,000
      Market price range: $784k - $2.16M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,220,000
      Current use
      OFFICE BUILDING
      $1,200,000
      Change: -2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,125,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $1,035,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.306
    Latitude
    36.0732
    CBSA code
    15500
    CBSA name
    BURLINGTON, NC 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
    2023
    $3,373
    $277,425
    $394,475
    $671,900
    -
    $277,425
    $394,475
    $671,900

    Comparable in this City

    • Value Estimation
      $9,115,000
      88,500 SF

      1016 Corporate Park Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 88,500 SF
      1016 Corporate Park Dr, Mebane, NC 27302-8368
      View Details
    • Value Estimation by Request
      4,000 SF

      100 Ruffin St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,000 SF
      100 Ruffin St, Mebane, NC 27302-2441
      View Details
    • Value Estimation
      $1,415,000
      18,156 SF

      300 Crawford St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 18,156 SF
      300 Crawford St, Mebane, NC 27302-2139
      View Details
    • Value Estimation by Request
      5,637 SF

      209 Ruffin St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,637 SF
      209 Ruffin St, Mebane, NC 27302-2444
      View Details
    • Value Estimation
      $1,105,000
      14,000 SF

      301 3rd St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 14,000 SF
      301 3rd St, Mebane, NC 27302-2405
      View Details
    • Value Estimation by Request
      2,400 SF

      6136 Nc Hwy 49

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,400 SF
      6136 Nc Hwy 49, Mebane, NC 27302
      View Details

    Similar Nearby for Sale

    • $695,000
      Pending

      Mebane Industrial Building on 1.3 Acres

      30,000 SF industrial building on 1.3 acres in Mebane, NC.
      821 W Center St, Mebane, NC 27302
      View Details
    • Contact for pricing
      92,500 SF

      Mebane Warehouse: 92,500 SF

      Spacious Mebane warehouse, immediate occupancy.
      900 Mattress Factory Rd, Mebane, NC 27302
      View Details
    • Contact for pricing

      Warehouse Space Available in 2026

      100,990 SF warehouse space for lease in 2026.
      7110 E Washington St, Mebane, NC 27302
      View Details
    • $2,087,000
      5,483 SF

      Mebane, NC Bank Investment

      7% Cap Rate, NNN Lease, Strong Tenant
      204 Center St, Mebane, NC 27302
      View Details
    • Contact for pricing
      27.00 Acres

      Grand Central Loft Office Space

      Luxury full-floor loft office, 2500 sq ft.
      0 Gibson Rd, Mebane, NC 27302
      View Details
    • $2,850,000
      31.49 Acres

      Mebane Land I-85/I-40 Frontage

      31.49 acres with I-85/I-40 frontage in a growth market.
      7340 Old Country Ln, Mebane, NC 27302
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      92,500 SF

      Mebane Warehouse: 92,500 SF Available

      Large industrial warehouse, divisible, I-85/I-40 access.
      900 Mattress Factory Rd, Mebane, NC 27302
      View Details
    • $43,333
      1,838,232 SF

      Mebane Warehouse with Interstate Access

      130,000 sq ft warehouse with outside storage available for lease.
      709 A O Smith Rd, Mebane, NC 27302
      View Details
    • Contact for pricing
      232,336 SF

      Mebane Industrial Facility For Lease

      232,336 SF industrial facility in Mebane, North Carolina.
      2350 Park Center Dr, Mebane, NC 27302
      View Details
    • Contact for pricing
      115,000 SF

      Mebane Warehouse Space Available

      115,000 square foot warehouse space for rent in Mebane.
      700 Trollingwood Hawflds Rd, Mebane, NC 27302
      View Details
    • Contact for pricing
      369,420 SF

      Mebane Cross Dock Loading Facility

      369,420 square foot cross dock loading facility for lease.
      1017 Corporate Park Dr, Mebane, NC 27302
      View Details
    • Contact for pricing
      205,500 SF

      Prime Mebane Distribution Center

      Class A, 205,500 SF, I-85/I-40 Access
      6056 Ten Rd, Mebane, NC 27302
      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.
    2040 3rd St Ext
    Mebane, NC 27302-8192
    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.
    Sign Up Successful!
    You now have access to more from Realmo!