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    Property profile & analytics

    3243 Us Hwy 70th E Selma, NC 27576

    • Strip malls
    • 10,666 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1517620
    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

    • Strip malls

    Property Details for 3243 Us Hwy 70th E

    Year built
    2010
    Lot size
    1.90 lot acres
    Property size
    10,666 SF
    Zone code
    COM
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12N11059N
    APU
    12N11059N

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,534,000
      Market price range: $1.03M - $2.33M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,565,000
      Current use
      OFFICE BUILDING
      $1,780,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $1,705,000
      Change: +9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,620,000
      Change: +4% Conversion: Difficult
      MEDICAL BUILDING
      $1,550,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.2564
    Latitude
    35.4858
    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
    $12,646
    $248,290
    $851,380
    $1,099,670
    -
    $248,290
    $851,380
    $1,099,670

    Comparable in this City

    • Value Estimation
      $3,015,000
      31,312 SF

      1104 Pollock St

      SHOPPING CENTER, STRIP CENTER • 31,312 SF
      1104 Pollock St, Selma, NC 27576-2934
      View Details
    • Value Estimation by Request
      5,508 SF

      200 Raiford St, Unit 206

      SHOPPING CENTER, STRIP CENTER • 5,508 SF
      200 Raiford St, Selma, NC 27576-2835
      View Details
    • Value Estimation by Request
      8,400 SF

      Brightleaf Blvd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      Brightleaf Blvd, Selma, NC 27576
      View Details
    • Value Estimation
      $730,000
      7,262 SF

      210 Pollock St, Unit 216

      SHOPPING CENTER, STRIP CENTER • 7,262 SF
      210 Pollock St, Selma, NC 27576
      View Details
    • Value Estimation by Request
      2,288 SF

      1270 Brightleaf Blvd

      SHOPPING CENTER, STRIP CENTER • 2,288 SF
      1270 Brightleaf Blvd, Selma, NC 27576-7270
      View Details
    • Value Estimation
      $2,440,000
      25,000 SF

      49 Jr Rd

      SHOPPING CENTER, STRIP CENTER • 25,000 SF
      49 Jr Rd, Selma, NC 27576-3436
      View Details

    Similar Nearby for Sale

    • $120,000
      3.00 Acres

      Selma Retail Space - I-95 Visibility

      High-traffic I-95 retail space available for lease.
      49 Jr Rd, Selma, NC 27576
      View Details
    • $1,300,000
      20 SF

      Selma Industrial Land For Sale

      20 acres of industrial land with highway visibility.
      W Oak St, Selma, NC 27576
      View Details
    • $1,400,000
      5.00 Acres

      Selma Commercial Land Investment

      High-traffic location, prime development.
      433 Us Highway 70, Selma, NC 27576
      View Details
    • New
      $74,900
      1.06 Acres

      Unrestricted Land in Johnston County

      1.06 acres of unrestricted land near Flowers Plantation.
      618 Phillips Rd, Selma, NC 27576
      View Details
    • New
      $1,080,250
      Pending

      43 Acres on Campground Road

      43 acres of land for sale in Selma, North Carolina.
      Campground Rd, Selma, NC 27576
      View Details
    • $1,394,100
      Pending

      Selma, NC Development Land

      46.4-acre development tract in Selma, North Carolina.
      Atkinson Mill Rd, Selma, NC 27576
      View Details

    Similar Nearby for Lease

    • $84 SF/Yr
      23,685 SF

      Selma Retail Space: I-95 Corridor

      Historic Selma retail, restaurant, showroom spaces available.
      112 Pollock St, Selma, NC 27576
      View Details
    • Contact for pricing
      15,400 SF

      Flowers Crossroads Retail Space

      Selma, NC: Prime Retail Opportunity
      13 District Way, Selma, NC 27576
      View Details
    • $3,400 /Mo
      2,504 SF

      Downtown Selma Retail Space Available

      Retail space in downtown Selma, suitable for various businesses.
      109 S Raiford St, Selma, NC 27576
      View Details
    • Contact for pricing

      Retail Space in Flowers Crossroads

      Retail space available in mixed-use development, delivery Q4 2024.
      13 District Way, Clayton, NC 27576
      View Details
    • Contact for pricing
      609,540 SF

      I-42 Commerce Center: Selma, NC

      Class A Warehouse Space Available
      Interchange Baugh Rd At The Us 70 & Buffalo Rd, Selma, NC 27576
      View Details
    • Contact for pricing

      Land Near I-95 and US-70

      Land with excellent visibility and access in growing commercial corridor.
      600-616 Ricks Rd, Selma, NC 27576
      View Details
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    Selma, NC 27576
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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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