Property profile

506 Chatham Ave Siler City, NC 27344

OFF-MARKET
Retail space
Property ID
US53-1943379
9,632 SF 3.49 ac lot Built 1959
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,632 SF
Lot 3.49 ac (152,112 SF)
Zoning code G-C
APN 16427
UPID US53-1943379

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

506 Chatham Ave Siler City, NC 27344-3908
Siler City metro Census 20401 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$1.04M

Owner & transaction history

since 2012
3 recorded transactions
2012
$250,000
2010
Price N/A
1969
Price N/A

Zoning & alternative use

G-C · Siler City, NC
Zoning description

The G-C (general-commercial) district is designed to accommodate mixed uses (retail, restaurants, offices, and multi-family residential) outside of the town central business district.

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $1.3M +34.0%
Auto repair, garage $1.1M +17.6%
Commercial (general) $1.1M +12.4%

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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