Property profile

602 2nd Ave Siler City, NC 27344

OFF-MARKET
Retail space
Property ID
US53-1456773
4,840 SF 0.32 ac lot Built 1994
Entity Owned Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,840 SF
Lot 0.32 ac (13,852 SF)
Zoning code H-C
APN 15505
UPID US53-1456773

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
  • Gas Station

Location

602 2nd Ave Siler City, NC 27344-3125
Siler City metro Census 20402 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
$622k
Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

H-C · Siler City, NC
Zoning description

The H-C (highway commercial) district is designed to accommodate the widest range of commercial activities including businesses that primarily draw from and provide services to major thoroughfares.

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $635,000 +34.0%
Auto repair, garage $555,000 +17.6%
Commercial (general) $530,000 +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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