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    239 Main St Randleman, NC 27317
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    Property profile & analytics

    239 Main St Randleman, NC 27317

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    • Retail properties & Spaces
    • 1.46 lot acres
    Off-Market
    Property ID
    US53-1763194
    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

    • Retail properties & Spaces

    Property Details for 239 Main St

    Lot size
    1.46 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 1.46-acre commercial lot, located at 239 N Main Street in the heart of Randleman, NC, presents a remarkable opportunity for development. Zoned B-1 Commercial, this property is ideally situated for a new construction project, with the potential to build up to 6,000 square feet of commercial or mixed-use space at street level. The lot is ready for immediate development, offering significant advantages for businesses seeking a high-visibility location in a thriving downtown area. A soil compaction certificate is readily available, streamlining the building process and minimizing potential delays. Furthermore, the property boasts convenient access to city water and sewer, ensuring essential utilities are readily available for any new construction. The strategic location on Main Street guarantees high foot traffic and excellent visibility, making it an attractive proposition for a wide range of commercial ventures. This is a rare opportunity to acquire a prime commercial lot in a desirable location, offering significant potential for growth and return on investment. Don't miss this chance to establish your business in the vibrant downtown Randleman area. All necessary utilities are in place, and the site is prepared for immediate development. This property is ready for your vision.

    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
    Randleman
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.80302
    Latitude
    35.81966

    Comparable in this City

    • $395,000

      Downtown Randleman Industrial/Retail Space

      Industrial/retail space in downtown Randleman with hardwood flooring and 3-phase power.
      116 West Academy St, Randleman, NC 27317
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    • $59,900
      1,947 SF

      Randleman Automotive Repair Shop

      1947 SF building suitable for auto repair or retail.
      2801 Old Liberty Rd, Randleman, NC 27317
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    • $249,900

      Versatile Building on Large Lot

      1.57 acre lot with 4000sf building, rezoning potential.
      1631 Worthville Rd, Randleman, NC 27317
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      Retail Spaces Near Randleman High

      Two retail spaces available in a popular shopping complex.
      807 High Point St, Randleman, NC 27317
      View Details
    • Contact for pricing

      Retail Spaces Near Randleman High

      Two retail spaces available in a popular shopping complex.
      807 High Point St, Randleman, NC 27317
      View Details
    • $55,000

      3 Acres Land For Sale

      3 acres of land with potential for various uses.
      00 Old Walker Mill Road Ext, Randleman, NC 27317
      View Details

    Similar Nearby for Sale

    • $395,000

      Downtown Randleman Industrial/Retail Space

      Industrial/retail space in downtown Randleman with hardwood flooring and 3-phase power.
      116 West Academy St, Randleman, NC 27317
      View Details
    • $59,900
      1,947 SF

      Randleman Automotive Repair Shop

      1947 SF building suitable for auto repair or retail.
      2801 Old Liberty Rd, Randleman, NC 27317
      View Details
    • $249,900

      Versatile Building on Large Lot

      1.57 acre lot with 4000sf building, rezoning potential.
      1631 Worthville Rd, Randleman, NC 27317
      View Details
    • Contact for pricing

      Retail Spaces Near Randleman High

      Two retail spaces available in a popular shopping complex.
      807 High Point St, Randleman, NC 27317
      View Details
    • Contact for pricing

      Retail Spaces Near Randleman High

      Two retail spaces available in a popular shopping complex.
      807 High Point St, Randleman, NC 27317
      View Details
    • Contact for pricing
      0.50 Acres

      Serene Wooded Lot in Cana

      0.5-acre lot near Hwy 52, I77, Mount Airy.
      24 And 302, Randleman, NC 27317
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    Randleman, NC 27317
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    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
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