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    Property profile & analytics
    OFF-MARKET Estimated value $1,855,000
    Retail space

    3948 Frst Oaks Ln, Mebane, NC 27302-9813

    34,422 SF 2.54 ac lot Built 1994
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US53-5677324
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • New Millennium Martial Arts & Conditioning Training Center Sports School
    • New Millennium Fitness Gym & Fitness Center
    • Gary Hunt Insurance Insurance Agency
    • Sarah Russell Physician
    • Team Rubao Carioca BJJ Training Center Sports School
    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
    Millennium R & E Holdings LLC · 21 yrs held
    Millennium R & E Holdings LLC
    since 2004
    7 recorded transactions
    2019
    2016
    2004
    $1.2M
    1969
    1969
    1969
    1969
    Zoning & alternative use
    B 2 · Mebane, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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