Property profile

2172 Nc Hwy 87 Elon, NC 27244

OFF-MARKET
Retail space
Property ID
US53-1042075
6,330 SF 2.43 ac lot Built 2001
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Total area 6,330 SF
Lot 2.43 ac (105,851 SF)
APN 110564
UPID US53-1042075

Cap rate & NOI

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

Location

2172 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
$635k
Blend (final) Blend
$285k

Owner & transaction history

since 2015
2 recorded transactions
2024
Price N/A
2015
$420,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $745,000 +18.1%
Office building $730,000 +16.0%
Auto repair, garage $685,000 +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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