Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    207 3Rd St Pembroke, NC 28372
    Back to Search
    Property profile & analytics

    207 3Rd St Pembroke, NC 28372

    View on Map
    • Commercial real estate
    • 3,361 SF
    • 1.02 lot acres
    Off-Market
    Property ID
    US53-3385234
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lumbee Tribal Support Services / Physician

    Property Details for 207 3Rd St

    Year built
    1968
    Lot size
    1.02 lot acres
    Property size
    3,361 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 207 E 3RD Street in Pembroke, North Carolina, presents a unique investment opportunity. Boasting a generous 3,361 square feet of space, this general commercial building sits on a sizable 1.02-acre lot, offering ample room for expansion, outdoor activities, or additional parking. The property's strategic location in Pembroke provides excellent visibility and accessibility, making it ideal for a variety of businesses. The asking price is $850,000, representing a compelling value for a property of this size and potential in a growing market. The building's interior layout is adaptable and can be customized to suit diverse business needs. The substantial lot size allows for significant flexibility in development and future expansion plans. This property is well-suited for businesses seeking a prominent location with ample space and room to grow. Its prime location in Pembroke offers easy access to local amenities and a strong customer base. Serious inquiries are encouraged to explore the possibilities this exceptional commercial property offers. The property is ready for immediate occupancy, providing a seamless transition for new businesses. Don't miss this chance to acquire a valuable asset in a thriving community. Contact us today to schedule a viewing and discuss your business plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.19148
    Latitude
    34.67847

    Comparable in this City

    • $450,000
      Pending

      Commercial Land in Pembroke, NC

      7.12 acre commercial land with investment potential.
      Cabinet Shop Rd, Pembroke, NC 28372
      View Details
    • $575,000
      1.75 Acres

      Prime Commercial Lot, Pembroke, NC

      Commercial lot in high-traffic area, ready for development.
      Hwy 711, Pembroke, NC 28372
      View Details
    • $650,000
      6.44 Acres

      Commercial Lot in Pembroke, NC

      Commercial lot with development potential near campus and fitness center.
      Nc Highway 711, Pembroke, NC 28372
      View Details
    • $220,500
      44.10 Acres

      Pembroke Land Parcel For Sale

      44.1 acre parcel near Red Banks, NC, ideal for development.
      Porcelain Dr, Pembroke, NC 28372
      View Details
    • Contact for pricing
      35,750 SF

      Three-Story Office Building on 24 Acres

      35,750 SF office building on 24 acres in Pembroke, NC.
      201 East Livermore Dr, Pembroke, NC 28372
      View Details
    • $375,000
      5.00 Acres

      Cleared Land on Cherry Lane

      5 acres of mostly cleared land in Pembroke, North Carolina.
      Cherry Ln, Pembroke, NC 28372
      View Details

    Similar Nearby for Sale

    • $150,000
      4.50 Acres

      Pembroke Land For Sale

      Land with development potential near UNC Pembroke.
      120 Old Main Rd, Pembroke, NC 28372
      View Details
    • $923,250
      12.31 Acres

      Pembroke Land in Booming Area

      12.31 acre parcel near UNC-P in rapidly growing area.
      Candy Park Rd, Pembroke, NC 28372
      View Details
    • $100,000
      1.74 Acres

      Pembroke, NC Development Opportunity

      1.74 acres at Union Chapel Rd and Sunrise Rd corner.
      1590 Union Chapel Rd, Pembroke, NC 28372
      View Details
    • $219,900
      0.47 Acres

      Commercial Building in University Town

      Commercial building/lot in Pembroke, NC with renovation potential.
      101 E 2Nd St, Pembroke, NC 28372
      View Details
    • $899,000
      19.00 Acres

      Prime Land Near Highway 74

      19-acre land parcel near I-95 and US Highway 74.
      Nc Highway 711, Pembroke, NC 28372
      View Details
    • $253,500
      6.48 Acres

      Pembroke, NC Open Land Parcel

      Open land parcel near UNC Pembroke, suitable for development.
      Redmond Rd, Pembroke, NC 28372
      View Details

    Similar Nearby for Lease

    • $900 /Mo

      Commercial Space in Pembroke, NC

      600 sq ft commercial space, formerly a beauty salon.
      401 E 3Rd St E, Pembroke, NC 28372
      View Details
    • $2,600 /Mo

      Commercial Office/Medical Space For Lease

      Commercial office/medical space with storage, waiting room, and lab.
      812 Candy Park Ln, Pembroke, NC 28372
      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.
    207 3Rd St
    Pembroke, NC 28372
    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

    Thank You for Inquiry
    207 3Rd St, Pembroke, NC, 28372
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!