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    520 Main St Candor, NC 27229
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    520 Main St Candor, NC 27229

    View on Map
    • Flex space
    • 77,396 SF
    • 19.70 lot acres
    For Sale
    $2,825,000
    View Listing →
    Prime Candor Industrial Property For Sale
    $2,825,000
    77,396 SF

    Prime Candor Industrial Property

    77,396 SF Warehouse/Office Complex

    Canden, NC 27229
    View Listing
    Property ID
    US53-4299660
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 520 Main St

    Year built
    1971
    Lot size
    19.70 lot acres
    Property size
    77,396 SF
    Zone code
    INDUSTRIAL LIGHT
    Property type
    Flex space
    APN
    7586 13 12 4584
    APU
    758613124584

    Description

    Exceptional investment opportunity in Candor, NC, featuring a 77,396 square foot industrial building on a 19.71-acre lot. This property boasts a versatile layout combining 3,000 square feet of executive office space with a finished breakroom and 74,396 square feet of warehouse/manufacturing space. The warehouse features nine dock-high doors, 17' to 20' ceiling heights, and a conditioned environment with LED lighting throughout. The building is equipped with a wet sprinkler system, a new roof (installed in 2016), and a brick and metal façade. Power is ample, with 2000 amps and 277/480 volts available. Ample parking is provided for approximately 150 employees. The property's expansive lot size offers significant potential for future expansion, with approximately 13 acres of undeveloped land available. This property is listed at $2,825,000 and presents a rare opportunity to acquire a well-maintained, high-capacity industrial facility in a desirable location. The address is 520 E Main St, Candor, NC 27229.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,198,000
      Market price range: $1.13M - $2.37M

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

    Location Insight

    • Map
    • Local Demand
    City
    Candor
    County
    Montgomery
    State
    North Carolina
    Longitude
    -79.7322
    Latitude
    35.2933

    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
    0
    $0.00
    $134,115
    $973,444
    $1,107,559
    -
    $134,115
    $973,444
    $1,107,559

    Comparable in this City

    • Value Estimation
      $12,295,000
      117,500 SF

      468 Main St

      LIGHT INDUSTRIAL • 117,500 SF
      468 Main St, Candor, NC 27229
      View Details
    • Value Estimation by Request
      3,261 SF

      144 School St

      LIGHT INDUSTRIAL • 3,261 SF
      144 School St, Candor, NC 27229
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    • Value Estimation by Request
      6,400 SF

      505 Hicks Rd

      LIGHT INDUSTRIAL • 6,400 SF
      505 Hicks Rd, Candor, NC 27229-8282
      View Details
    • Value Estimation by Request
      4,061 SF

      300 Hicks Rd

      LIGHT INDUSTRIAL • 4,061 SF
      300 Hicks Rd, Candor, NC 27229-8280
      View Details
    • Value Estimation by Request
      3,200 SF

      332 Randolph St

      LIGHT INDUSTRIAL • 3,200 SF
      332 Randolph St, Candor, NC 27229
      View Details
    • Value Estimation
      $660,000
      31,431 SF

      480 Main St

      LIGHT INDUSTRIAL • 31,431 SF
      480 Main St, Candor, NC 27229-9095
      View Details

    Similar Nearby for Sale

    • $2,825,000
      77,396 SF

      Prime Candor Industrial Property

      77,396 SF Warehouse/Office Complex
      520 Main St, Candor, NC 27229
      View Details
    • $750,000

      Established Produce Market For Sale

      90-year-old peach and produce business for sale in Candor, NC.
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    • $94,000
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      Vacant Land in Candor, NC

      10.7 acre land parcel available for purchase.
      Tbd Graham Rd, Candor, NC 27229
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    • $42,000
      6.85 Acres

      Wooded Land with Creek Access

      6.85-acre wooded property with creek in Candor, North Carolina.
      Pemberton Rd, Candor, NC 27229
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    • $87,850
      10.00 Acres

      Vacant Land in Candor, NC

      10 +/- acre land parcel available in Candor, NC.
      Tbd Dry Crk, Candor, NC 27229
      View Details
    • $276,727
      31.50 Acres

      31.5 Acres Vacant Land Available

      31.5 acres of vacant land in Candor, North Carolina.
      Tbd Graham, Candor, NC 27229
      View Details
    View Listing
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    Candor, NC 27229
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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.

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