Property profile

205 3rd St Pembroke, NC 28372

OFF-MARKET
Banks
Property ID
US53-3902171
6,655 SF 3 ac lot Built 2008
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is a three-unit commercial building totaling approximately 29,046 square feet on a 1.95-acre lot in the downtown central business district of Pembroke, North Carolina. The retail portion was built in 1972, and the pharmacy/medical unit was built in 1978. The medical/pharmacy unit contains approximately 4,390 square feet, the center retail unit contains approximately 12,765 square feet, and the end office/retail unit contains approximately 11,892 square feet. The building is supported by a slab foundation. Roof improvements include a roof replacement on the medical/pharmacy unit in 2022 and a roof replacement to the remainder of the building using GAF Everguard material. Off-street parking is provided by a large paved parking area that was sealed and striped in 2024. The building has frontage along Third Street (Hwy 711), Pine Street, 4th Street, and Vance Street, and the site is within walking distance of UNC-P. The surrounding area includes well-lighted streets and sidewalks, and the property is within the Pembroke Revitalization project, with planned upgrades affecting storm drainage, water and sewer lines, street lighting, and sidewalks; new traffic signals are planned for the corner of Third and Vance under NCDOT TIP Project HL-0009.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2008
Total area 6,655 SF
Lot 3 ac (130,680 SF)
APN 14070104513B
UPID US53-3902171

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • City Government Office
  • Pharmacy
  • Physician

Location

205 3rd St Pembroke, NC 28372-8768
Pembroke metro Census 960502 LUMBERTON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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