Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    212 Ctr St Mount Olive, NC 28365-1702
    Back to Search
    Property profile & analytics

    212 Ctr St Mount Olive, NC 28365-1702

    View on Map
    • Commercial real estate
    • 3,657 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Feb 24, 2025
    Property ID
    US53-4723036
    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

    • Commercial real estate

    Property Details for 212 Ctr St

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    3,657 SF
    Zone code
    C-1
    Property type
    Commercial real estate
    APN
    2572972979
    APU
    2572972979

    Description

    This exceptional investment opportunity presents a 7,405 square foot lot located at 212 N Center Street in Mount Olive, North Carolina, 28365. The property, categorized as Special Purpose Land, encompasses a substantial 3,236 square feet. Currently improved with three rental units, this property offers immediate income potential for investors. The asking price is $197,900. The property is being sold "AS IS," reflecting a family sale. This presents a unique chance to acquire a well-situated commercial property in a thriving North Carolina community. The existing rental units are currently occupied, providing a steady stream of rental income. The property's location in Mount Olive, Wayne County, offers convenient access to local amenities and transportation routes. Prospective buyers are encouraged to schedule a viewing to fully assess the potential of this promising investment. The property is zoned for commercial use, providing flexibility for future development or expansion. This is a rare opportunity to acquire a turnkey commercial property with existing income, making it an attractive investment for both seasoned and new investors. The property's size and location make it ideal for a variety of commercial uses.

    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
    Mount Olive
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.0652
    Latitude
    35.1972
    CBSA code
    24140
    CBSA name
    GOLDSBORO, 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
    $1,584
    $19,440
    $92,730
    $112,170
    -
    $19,440
    $92,730
    $112,170

    Comparable in this City

    • Value Estimation by Request
      0.97 Acres

      Mount

      COMMERCIAL (GENERAL) • 0.97 Acres
      Mount, Olive, NC 28365
      View Details
    • Value Estimation by Request
      0.01 Acres

      Nn Ctr St

      COMMERCIAL (GENERAL) • 0.01 Acres
      Nn Ctr St, Mount Olive, NC 28365
      View Details
    • Value Estimation by Request
      1.80 Acres

      Bert Martin Rd

      COMMERCIAL (GENERAL) • 1.80 Acres
      Bert Martin Rd, Mount Olive, NC 28365
      View Details
    • Value Estimation by Request
      0.05 Acres

      Breazeale Ave

      COMMERCIAL (GENERAL) • 0.05 Acres
      Breazeale Ave, Mount Olive, NC 28365
      View Details
    • Value Estimation by Request
      0.14 Acres

      201 Ctr St

      COMMERCIAL (GENERAL) • 0.14 Acres
      201 Ctr St, Mount Olive, NC 28365-2102
      View Details
    • Value Estimation by Request
      0.37 Acres

      308 Ctr St

      COMMERCIAL (GENERAL) • 0.37 Acres
      308 Ctr St, Mount Olive, NC 28365
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Mount Olive Land Opportunity

      0.55 acre lot near University of Mount Olive.
      S Chestnut St, Mount Olive, NC 28365
      View Details
    • Contact for pricing

      Highway 55 Commercial Acreage

      Approximately one acre of commercial land on Highway 55.
      155 Nc Highway 55, Mount Olive, NC 28365
      View Details
    • $64,500
      Pending

      Mount Olive Acreage For Sale

      12.35 acres of land near Mount Olive, NC.
      4 Thunder Swamp Rd, Mount Olive, NC 28365
      View Details
    • $52,700
      Pending

      Land in Mount Olive, NC

      5.18 acres of land with development potential.
      1 Thunder Swamp Rd, Mount Olive, NC 28365
      View Details
    • $76,400
      Pending

      Mount Olive Land For Sale

      14.42 acre lot between Mount Olive and Goldsboro.
      3 Thunder Swamp Rd, Mount Olive, NC 28365
      View Details
    • $157,500
      Pending

      Commercial Building For Sale

      3681 SF commercial building suitable for various uses.
      708 S Breazeale Ave, Mount Olive, NC 28365
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      36,205 SF

      Mount Olive Warehouse and Office

      36,205 SF office, warehouse, and refrigerated facility for lease.
      Mt, Mount Olive, NC 28365
      View Details
    • Contact for pricing
      1,030 SF

      Retail Center Near Walmart

      9,900 SF retail center with high visibility and access.
      302 North Carolina 55, Mount Olive, NC 28365
      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.
    212 Ctr St
    Mount Olive, NC 28365-1702
    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
    212 Ctr St, Mount Olive, NC, 28365
    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!