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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    409 Harrison Ave Yadkinville, NC 27055-8248

    • Assisted living facilities
    • 12,642 SF
    • 3.47 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5594093
    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

    • Assisted living facilities

    Property Details for 409 Harrison Ave

    Year built
    1983
    Construction
    CONCRETE
    Lot size
    3.47 lot acres
    Property size
    12,642 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    133183
    APU
    133183

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $755,000
      INDUSTRIAL (GENERAL)
      $540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yadkinville
    County
    Yadkin
    State
    North Carolina
    Longitude
    -80.657
    Latitude
    36.1399
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, 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
    2023
    $8,352
    $78,672
    $1,114,454
    $1,193,126
    -
    $78,672
    $1,114,454
    $1,193,126

    Comparable in this City

    • Value Estimation
      $735,000
      25,552 SF

      333 Lee Ave

      HOMES (RETIRED, NURSING) • 25,552 SF
      333 Lee Ave, Yadkinville, NC 27055-8132
      View Details
    • Value Estimation
      $760,000
      21,381 SF

      903 Main St

      HOMES (RETIRED, NURSING) • 21,381 SF
      903 Main St, Yadkinville, NC 27055-7807
      View Details
    • Value Estimation
      $545,000
      7,392 SF

      225 Washington St

      MEDICAL BUILDING • 7,392 SF
      225 Washington St, Yadkinville, NC 27055-7751
      View Details
    • Value Estimation
      $765,000
      4,841 SF

      301 Lee Ave

      MEDICAL BUILDING • 4,841 SF
      301 Lee Ave, Yadkinville, NC 27055-8132
      View Details
    • Value Estimation
      $250,000
      5,258 SF

      225 Lee Ave

      MEDICAL BUILDING • 5,258 SF
      225 Lee Ave, Yadkinville, NC 27055-8227
      View Details
    • Value Estimation
      $275,000
      3,450 SF

      108 State St

      MEDICAL BUILDING • 3,450 SF
      108 State St, Yadkinville, NC 27055-8249
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Affordable Yadkinville Offices - Available Now
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    • $599,900
      Pending

      Expansive Land Tract in Yadkinville

      123+/- acre vacant land with rolling hills and open views.
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    • $499,000
      3.47 Acres

      Yadkinville Commercial Land - $499K

      3.47 Acres, Highway 421 Visibility
      0 Service Rd, Yadkinville, NC 27055
      View Details
    • $599,000

      Turnkey Office and Warehouse Opportunity

      Office building and warehouse with expansion potential in Yadkin County.
      2317 Rockford Rd, Yadkinville, NC 27055
      View Details
    • Contact for pricing

      Vacant Wooded Lot For Sale

      Wooded vacant lot available, offers accepted until September 29, 2025.
      00 Brookfield Ln, Yadkinville, NC 27055
      View Details
    • New
      $565,000
      20.48 Acres

      Yadkinville Undeveloped Land For Sale

      Undeveloped land near Yadkinville with public water and septic.
      S State St, Yadkinville, NC 27055
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      5,225 SF

      Office Space with Flexible Layout

      Office space available with flexible floor plan and ample parking.
      250 Woodlyn Dr, Yadkinville, NC 27055
      View Details
    • $2,871,429
      2,000 SF

      New Construction Flex Space Available

      Flex space with shared dock and drive-in doors for lease.
      6458 Service Rd, Yadkinville, NC 27055
      View Details
    • $12 SF/Yr
      90,917 SF

      Yadkinville Retail Space Available

      8,000 SF Retail Space - High Traffic Area
      932 State St, Yadkinville, NC 27055
      View Details
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    409 Harrison Ave
    Yadkinville, NC 27055-8248
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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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