Property profile

2113 Nc Hwy 87 Elon, NC 27244

OFF-MARKET
Retail space
Property ID
US53-2408512
8,000 SF 1.01 ac lot Built 2011
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2011
Total area 8,000 SF
Lot 1.01 ac (43,996 SF)
APN 118235
UPID US53-2408512

Cap rate & NOI

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

Location

2113 Nc Hwy 87 Elon, NC 27244-8602
Elon metro Census 21600 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$842k
Blend (final) Blend
$290k

Owner & transaction history

since 2012
2 recorded transactions
2012
$885,000
2011
$175,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $940,000 +18.1%
Office building $920,000 +16.0%
Auto repair, garage $865,000 +8.6%

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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