Property profile

600 Raleigh St Siler City, NC 27344

OFF-MARKET
Grocery and convenience stores
Property ID
US53-1754236
17,873 SF 1.5 ac lot Built 1970
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,873 SF
Lot 1.5 ac (65,340 SF)
Zoning code C-C
APN 16146
UPID US53-1754236

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
  • Grocery & Convenience Store Food Market
  • Grocery & Convenience Store Food Market

Location

600 Raleigh St Siler City, NC 27344-3732
Siler City metro Census 20401 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$365k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
1969
Price N/A

Zoning & alternative use

C-C · Siler City, NC
Zoning description

The C-C (central business) district is designed to accommodate a wide variety of commercial activities oriented towards pedestrians and which will result in the most intensive and attractive use of the town's central bus…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $2.3M +34.0%
Auto repair, garage $2.1M +17.6%
Commercial (general) $2.0M +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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