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Property profile & analytics
FOR SALE
Strip malls
49 Jr Rd Selma, NC 27576
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2329199
For Sale
1 / 6
$120,000
49 Jr Rd, Selma, NC 27576
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Property summary
AI-generated overview
This exceptional retail opportunity is situated directly off I-95 in Selma, North Carolina, offering unparalleled visibility and accessibility. The property boasts a three-acre lot and presents a prime location for businesses seeking high traffic exposure. A 15,000 square foot space is available for lease at a rate of $8.00 per square foot, under a triple net lease agreement. This represents a significant chance to establish a strong presence in a busy commercial corridor. The lease terms are flexible, with smaller spaces available at adjusted rental rates to accommodate various business needs. The property's strategic location along I-95 ensures consistent exposure to a large volume of daily traffic, making it ideal for a wide range of retail businesses. This is a rare opportunity to secure a prominent location with excellent visibility and high traffic counts. Don't miss out on this chance to establish your business in a thriving commercial area. Contact us today to learn more about lease terms and space availability. Serious inquiries only.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Total area
25,000 SF
Lot
2.58 ac (112,385 SF)
Zoning code
COM
APN
14L10014C
UPID
US53-2329199
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
-
Carolina Apparel Department Store Men'S Clothing Store
-
Over the Moon Boutique Clothing & Fashion Store
-
Sandhills Tobacco (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.44M
Owner & transaction history
Wm&mk LLC · 3 yrs held
Wm&mk LLC
since 2023
3 recorded transactions
Zoning & alternative use
COM · Selma, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+9.1%
Auto repair, garage
$3.8M
+3.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Selma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,665,000
Current use
RETAIL STORES
$4,000,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,800,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$3,635,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,081
Tax year 2024
Assessed value
$1,861,850
Assessed 2024
Previous assessed
$1,861,850
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$674,310
Assessed improvement
$1,187,540
Land market value
$674,310
Improvement market value
$1,187,540
Total market value
$1,861,850
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1994
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
25,000 SF
Lot
2.58 ac (112,385 SF)
Zoning code
COM
APN
14L10014C
UPID
US53-2329199
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Selma, NCZoning COM · permitted uses
COM · Selma, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.7M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
5
Lot
2.58 ac
Current owner
From public records · entity-resolved
Wm&mk LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 248, BENSON, NC 27504-0248
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2023
—
Wm&mk LLC
Abdalla Building Partnership
Lease
—
—
—
Abdalla Building Ptshp
—
Deed Of Trust
related
$200,000 · First Citizens Bank & Trust Co
—
—
Abdalla Building Ptshp
—
Deed Of Trust
related
$450,019 · First Citizens Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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