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Property profile & analytics
FOR SALE
Apartment buildings

704 Prospect Rd Pembroke, NC 28372

38,184 SF 12.3 ac lot Built 2021
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-2955377
704 Prospect Rd, Pembroke, NC 28372 For Sale
$400,000 38,184 SF
704 Prospect Rd, Pembroke, NC 28372
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Property summary
AI-generated overview

This 1.95-acre retail site in Pembroke, NC, presents a unique investment opportunity. Located directly across from the main campus of UNC Pembroke, this property benefits from high student population density and significant foot traffic. The site is part of a new mixed-use development incorporating 570 student housing beds, ensuring a consistent customer base. The property is ideally situated approximately 1,500 feet from the recently completed $38 million James A. Thomas Hall, the new home of the Thomas School of Business at UNCP. This prime location offers exceptional visibility and accessibility. The site is available for purchase at $400,000, or alternatively, ground lease or build-to-suit options may be considered. This presents a flexible investment opportunity tailored to meet diverse business needs. The property's proximity to a major university and its strategic placement within a thriving mixed-use development make it an attractive proposition for businesses seeking to capitalize on a robust and growing market. The substantial investment in the new James A. Thomas Hall further underscores the commitment to growth and development in this area, making this retail site a compelling investment opportunity with significant long-term potential. Serious inquiries are encouraged.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2021
Construction FRAME
Total area 38,184 SF
Lot 12.3 ac (535,788 SF)
APN 140403016
UPID US53-2955377
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$1.82M
Owner & transaction history
Pb Pembroke Owner LLC · 6 yrs held
Pb Pembroke Owner LLC
since 2020
Last sale
$1.3M
2 recorded transactions
2020
$1.3M
2007
$480,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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