Property profile

371 Valley Rd Mocksville, NC 27028

FOR SALE
Commercial real estate
Property ID
US53-1548328
1,920 SF 0.6 ac lot Built 2005
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional property at 371 Valley Road, Mocksville, NC, offers a unique blend of commercial and residential potential, currently utilized as an office space. Priced at $499,000, this building presents a compelling opportunity for a variety of businesses or as a unique residential dwelling. The structure is a beautifully crafted log home, boasting a substantial amount of finished space. The main level features a spacious meeting area, highlighted by gleaming hardwood floors and a striking rock fireplace. This area is ideal for client interactions or as a large, welcoming living space. The lower level offers a finished basement, providing ample additional space for various uses. This could easily accommodate multiple offices, a waiting area, storage, or additional living quarters. The flexibility of this space makes it suitable for a wide range of professional services, such as a doctor's office, accounting firm, or law practice. The property's adaptability makes it a truly rare find in the Mocksville market. The lot size is 0 acres, making the property easily manageable and low-maintenance. This property is ready for immediate occupancy and presents a fantastic investment opportunity. Its unique character and versatile layout make it a standout property in the area. The combination of commercial and residential suitability provides a high degree of flexibility for the future owner.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Construction WOOD
Total area 1,920 SF
Lot 0.6 ac (26,136 SF)
Zoning code NC
APN I4140A0017
UPID US53-1548328

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

371 Valley Rd Mocksville, NC 27028
Mocksville metro Census 80600 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2005
3 recorded transactions
2005
$80,000
2005
Price N/A
1969
Price N/A

Zoning & alternative use

NC · Mocksville, NC
Zoning description

NC & NC-CD Neighborhood Center Mixed Use TC & TC-CD Town Center Mixed Use TND & TND-CD Traditional Neighborhood Development Mixed Use CI & CI-CD Campus Institutional Mixed Use HC & HC-CD Highway Commercial Commercial CB…

General category CIVIC_INSTITUTIONAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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