Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Ml St Clayton, NC 27520-2010
    Back to Search
    Property profile & analytics

    300 Ml St, Clayton, NC 27520-2010

    View on Map
    • Garden apartment buildings
    • 46,266 SF
    • 19.36 lot acres
    Off-Market
    Property ID
    US53-1775032
    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
    $5,800,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clayton Spinning Mill / Gym & Fitness Center

    Property Details for 300 Ml St

    Year built
    2023
    Lot size
    19.36 lot acres
    Zone code
    COM
    Property type
    Garden apartment buildings
    APN
    05037008V
    APU
    05037008V

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2018 — Spinning Mill Investments LLC — Grant Deed · related $1.9M · Crescom Bk
    Jun 1, 2018 — Hcy LLC Ciochetti,tony Grant Deed · related —
    May 31, 2018 — Hcy LLC United Prop Of N Carolina Quit Claim Deed · related —
    Apr 12, 2007 — Hcy LLC Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,780,000
      6.5%
      $6,260,000
      7%
      $5,810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,339,000
      Market price range: $1.70M - $5.34M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,395,000
      AUTO REPAIR, GARAGE
      $4,955,000
      COMMERCIAL (GENERAL)
      $4,760,000
      RESTAURANT
      $4,435,000
      MEDICAL BUILDING
      $3,710,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.4487
    Latitude
    35.6453
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, 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
    2024
    $310,691
    $774,830
    $22,762,390
    $23,537,220
    -
    $774,830
    $22,762,390
    $23,537,220

    Comparable in this City

    • Value Estimation
      $1,195,000
      8,624 SF

      329 Church St

      GARDEN APT, COURT APT (5+ UNITS)
      329 Church St, Clayton, NC 27520-1903
      View Details
    • Value Estimation
      $2,400,000
      3,840 SF

      531 Holding St, Unit 539

      GARDEN APT, COURT APT (5+ UNITS)
      531 Holding St, Clayton, NC 27520-2869
      View Details
    • Value Estimation by Request
      4,815 SF

      481 Main St

      GARDEN APT, COURT APT (5+ UNITS)
      481 Main St, Clayton, NC 27520-2555
      View Details
    • Value Estimation
      $1,100,000
      40,788 SF

      8968 Cleveland Rd

      GARDEN APT, COURT APT (5+ UNITS)
      8968 Cleveland Rd, Clayton, NC 27520-7196
      View Details
    • Value Estimation
      $1,730,000
      26,890 SF

      809 Main St

      GARDEN APT, COURT APT (5+ UNITS)
      809 Main St, Clayton, NC 27520-2654
      View Details
    • Value Estimation by Request
      8,192 SF

      444 Main St, Unit A

      GARDEN APT, COURT APT (5+ UNITS)
      444 Main St, Clayton, NC 27520-2257
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,386 SF

      New 3-Bedroom Home in Clayton

      Open-concept 3-bedroom home with modern amenities and community features.
      108 N Chubb Rdg, Clayton, NC 27520
      View Details
    • Contact for pricing
      1,386 SF

      New Three-Bedroom Home in Clayton

      Three-bedroom home with modern amenities and community features in Clayton.
      102 N Chubb Rdg, Clayton, NC 27520
      View Details
    • $84,900
      0.23 Acres

      Clayton Commercial Lot - Prime Location

      0.23-acre lot, ideal for business development.
      205 Winding Wood Dr, Clayton, NC 27520
      View Details
    • $84,900
      0.23 Acres

      Clayton Commercial Lot - Prime Location

      0.23-acre lot, ideal for business. Great Clayton location.
      204 Pinecroft Dr, Clayton, NC 27520
      View Details
    • Contact for pricing

      Clayton Industrial Land For Sale

      55+/- acres of I-1 zoned land in Clayton, NC.
      Wise Rd, Clayton, NC 27520
      View Details
    • Contact for pricing

      Almost 2-Acre Level Lot

      Located near Clayton's planned Copper District.
      797 Ranch Rd, Clayton, NC 27520
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      High-Visibility Frontage Land For Rent

      High-visibility land for rent in a rapidly growing submarket.
      321 Tew Ct, Clayton, NC 27520
      View Details
    • Contact for pricing

      Medical Office Building Near Downtown

      Two-story medical office building near downtown Clayton available for lease.
      890 S Lombard St, Clayton, NC 27520
      View Details
    • Contact for pricing

      NC Highway 42 Land Lease

      Land available for lease on NC Highway 42.
      2364 Nc Highway 42, Clayton, NC 27520
      View Details
    • $2,000 /Mo
      1,088 SF

      Downtown Clayton Retail Opportunity

      Stand-alone building suitable for various community-based businesses.
      190 Mill St, Clayton, NC 27520
      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.
    300 Ml St
    Clayton, NC 27520-2010
    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
    300 Ml St, Clayton, NC, 27520
    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!