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    Property profile & analytics

    2955 Silk Hope Rd Siler City, NC 27344-6679

    • Auto shops
    • 6,636 SF
    • 11.35 lot acres
    OFF-MARKET
    Value Estimation
    $465,000
    Last Sale
    Sep 22, 2021
    Location Intelligence
    Property ID
    US53-1463709
    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.

    Current Use by Public Records

    • Auto shops

    Property Details for 2955 Silk Hope Rd

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    11.35 lot acres
    Property size
    6,636 SF
    Zone code
    R-1
    Property type
    Auto shops
    APN
    1030
    APU
    1030

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Siler City
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.3869
    Latitude
    35.7712
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, 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
    $2,102
    $131,450
    $398,554
    $530,004
    -
    $131,450
    $398,554
    $530,004

    Comparable in this City

    • Value Estimation by Request
      4,732 SF

      1113 Siler City Glendon Rd

      AUTO REPAIR, GARAGE • 4,732 SF
      1113 Siler City Glendon Rd, Siler City, NC 27344
      View Details
    • Value Estimation
      $360,000
      1,760 SF

      736 2nd Ave

      AUTO REPAIR, GARAGE • 1,760 SF
      736 2nd Ave, Siler City, NC 27344-2600
      View Details
    • Value Estimation
      $300,000
      1,200 SF

      819 3rd St

      AUTO REPAIR, GARAGE • 1,200 SF
      819 3rd St, Siler City, NC 27344-2723
      View Details
    • Value Estimation
      $345,000
      4,980 SF

      702 3rd St

      AUTO REPAIR, GARAGE • 4,980 SF
      702 3rd St, Siler City, NC 27344-2722
      View Details
    • Value Estimation by Request
      3,072 SF

      2719 Old Us 421st N

      AUTO REPAIR, GARAGE • 3,072 SF
      2719 Old Us 421st N, Siler City, NC 27344-1353
      View Details
    • Value Estimation by Request
      1,612 SF

      202 2nd Ave

      AUTO REPAIR, GARAGE • 1,612 SF
      202 2nd Ave, Siler City, NC 27344-3428
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • Contact for pricing
      96.60 Acres

      Siler City Land: 96 Acres

      Prime Chatham County development opportunity.
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    • $390,000
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      Siler City Land Development Opportunity

      5.56 acres of R-10 zoned land near downtown Siler City.
      726 S 2Nd Ave, Siler City, NC 27344
      View Details
    • $1,500,000
      47.00 Acres

      47 Acres Near Wolfspeed Facility

      47 acres of land near Wolfspeed and Toyota hubs.
      Coleridge Rd, Siler City, NC 27344
      View Details
    • $3,950,000
      72,500 SF

      Siler City Industrial Facility

      ±72,500 SF Warehouse, Office & Manufacturing
      3031 Hamp Stone Road, Siler City, NC 27344
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    • $814,640
      40.73 Acres

      Chatham County Acreage Opportunity

      40-acre property ideal for farm, estate, or multiple homesites.
      Old Us 421 Hwy S, Siler City, NC 27344
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      117,641 SF

      Prime Siler City Warehouse Space

      117,641 SF Warehouse - Multiple Tenants
      920 Raleigh St, Siler City, NC 27344
      View Details
    • $6,565 /Mo
      10,866 SF

      Siler City Industrial Building

      Industrial building on 3 acres, convenient location in Siler City.
      150 Piney Grove Church Rd, Siler City, NC 27344
      View Details
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    2955 Silk Hope Rd
    Siler City, NC 27344-6679
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    Realmo Value Estimation

    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.

    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.

    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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