Property profile

408 2nd Ave Siler City, NC 27344

OFF-MARKET
Strip malls
Property ID
US53-1184212
12,418 SF 1.16 ac lot Built 1960
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,418 SF
Lot 1.16 ac (50,530 SF)
Zoning code C-C
APN 61396
UPID US53-1184212

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
  • Restaurant
  • Food Market Specialty Food Shop

Location

408 2nd Ave Siler City, NC 27344-3121
Siler City metro Census 20402 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

C-C · Siler City, NC
Zoning description

The C-C (central business) district is designed to accommodate a wide variety of commercial activities oriented towards pedestrians and which will result in the most intensive and attractive use of the town's central bus…

General category COMMERCIAL

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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