Property profile

3948 Frst Oaks Ln Mebane, NC 27302

OFF-MARKET
Retail space
Property ID
US53-5677324
34,422 SF 2.54 ac lot Built 1994
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 34,500-square-foot storefront property in Mebane, North Carolina, presents a compelling investment opportunity for owner-users or investors. Located at 3948 Forest Oaks Lane, this Class B building, constructed in 1994, sits on a 4.03-acre lot and boasts a highly desirable B-2 zoning. Its prime location is just 0.13 miles from I-40, providing excellent accessibility and visibility near thriving retail areas and new developments, including Tractor Supply. Currently housing two tenants, the flexible layout allows for division into up to six individual units, maximizing rental income potential. The property features ample parking (a 3.6 per 1,000 square foot ratio), enhancing convenience for tenants and patrons. Additional amenities include a swimming pool and an outdoor basketball court, adding value and appeal. The property has undergone upgrades and is well-maintained, ensuring a smooth transition for new ownership. The asking price is $6,250,000, translating to $181.16 per square foot. This represents a strong value proposition in a growing market with high demand for commercial space. The property's versatility, prime location, and existing tenant base make it an attractive investment for both short-term and long-term growth.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Total area 34,422 SF
Lot 2.54 ac (110,642 SF)
Zoning code B 2
APN 167507
UPID US53-5677324

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
  • Training Center Sports School
  • Gym & Fitness Center
  • Insurance Agency
  • Physician
  • Training Center Sports School

Location

3948 Frst Oaks Ln Mebane, NC 27302-9813
Mebane metro Census 21205 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.31M
Blend (final) Blend
$1.86M

Owner & transaction history

since 2004
7 recorded transactions
2019
Price N/A
2016
Price N/A
2004
$1.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B 2 · Mebane, NC

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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