Individually Owned 
For Sale
1 / 4
$2,500,000
509 Van Buren Rd, Eden, NC 27288
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Property summary
AI-generated overview
This exceptional 3500 square foot commercial space, located at 509 S Van Buren Road Unit C in Eden, NC, presents a unique opportunity for a variety of businesses. Situated directly across the street from UNC Health Rockingham Hospital, this property boasts high visibility and convenient access for patients and clients. The versatile layout is ideal for medical offices, retail establishments, or general business operations. The expansive front room measures an impressive 39'3" x 25'9", providing ample space for reception, waiting areas, or retail displays. Three additional rooms, each measuring 9'11" x 7'6", are perfect for exam rooms, private offices, or consultation spaces. A sizable conference room, featuring a retractable division wall, offers flexibility for meetings, training sessions, or expanded workspace, with total dimensions of 43'7" x 30'7". This property is available for lease only, and the owner requires a three-year lease commitment. The strategic location and adaptable floor plan make this an exceptional investment opportunity for businesses seeking a prominent presence in a thriving community. This property is situated on a 0-acre lot. Serious inquiries only.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1965
Total area
23,710 SF
Lot
3.21 ac (139,828 SF)
Zoning code
HWY BUS EDEN
APN
7080-17-10-8078-00
UPID
US53-1408417
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
-
Pediatrician Medical Clinic
-
Pharmacy
-
Pharmacy
-
Pediatrician Medical Clinic
-
Pediatrician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.42M
Owner & transaction history
since 2007
7 recorded transactions
Zoning & alternative use
HWY BUS EDEN · Eden, NC
Top alternative use upside
Office building
$2.0M
+56.6%
Auto repair, garage
$1.7M
+32.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.42M
Value range
$2.17M – $2.66M
±10% around blend
Estimated value / SF
$102 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$2.17M
blend $2.42M
$2.66M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,710 SF
Lot area
3.21 ac
Year built
1965
Stories
1
APN
7080-17-10-8078-00
Zoning
HWY BUS EDEN
Assessed value
$1,823,853
Annual tax
$23,783
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$23,783
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.01M
Range $613k – $2.01M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.42M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$55
+85%
Submarket 23 sales
$55
+85%
County 97 sales
$62
+65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $102/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+57%
vs current-use indication
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
4.85%
Selected cap rate for this drug stores
Derived from the Eden market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.85%
9.0%
NOI (est.)
$121k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.50M
Move the market yield to see immediate price impact.
Value / SF
$106
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.35%4.85%5.35%
$109k
$2.51M
$2.25M
$2.04M
$121k
$2.79M
$2.50M
$2.27M
$133k
$3.07M
$2.75M
$2.50M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,783
Tax year 2023
Assessed value
$1,823,853
Assessed 2023
Previous assessed
$1,823,853
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$317,150
Assessed improvement
$1,506,703
Land market value
$317,150
Improvement market value
$1,506,703
Total market value
$1,823,853
Applied tax rate
102.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
1965
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
23,710 SF
Lot
3.21 ac (139,828 SF)
Zoning code
HWY BUS EDEN
APN
7080-17-10-8078-00
UPID
US53-1408417
Jurisdiction
ROCKINGHAM
Zoning & alternative use
HWY BUS EDEN · Eden, NCZoning HWY BUS EDEN · permitted uses
HWY BUS EDEN · Eden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HWY BUS EDEN
Jurisdiction
Eden, NC
Recorded code
HWY BUS EDEN
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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