Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Main St Princeton, NC 27569
    Property profile & analytics

    Main St, Princeton, NC 27569

    View on Map
    • Flex space
    • 40,940 SF
    • 3.54 lot acres
    Off-Market
    Last Sale Jan 6, 2022
    Property ID
    US53-2442594
    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
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for Main St

    Year built
    1996
    Lot size
    3.54 lot acres
    Zone code
    IND
    Property type
    Flex space
    APN
    12N10031A
    APU
    12N10031A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 6, 2022 — K&l Commercial Properties LLC Leslie A Liles Special Warranty Deed —
    Jan 29, 2015 — Lee Liles Properties LLC Liles Leslie A & Donna L Quit Claim Deed —
    — — Lee Liles Properties LLC — Deed Of Trust · related $898k · Leslie A Liles
    — — J & B R & E Cnslts LLC — Deed Of Trust · related $50k · Mary Woodard

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $793,000
      Market price range: $585k - $1.95M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,155,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.2389
    Latitude
    35.5108
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    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
    2024
    $16,841
    $69,060
    $1,358,160
    $1,427,220
    -
    $69,060
    $1,358,160
    $1,427,220

    Comparable in this City

    • Value Estimation
      $750,000
      37,320 SF

      Main St

      LIGHT INDUSTRIAL
      Main St, Princeton, NC 27569
      View Details
    • Value Estimation
      $795,000
      46,830 SF

      151 Hil Sher Rd

      LIGHT INDUSTRIAL
      151 Hil Sher Rd, Princeton, NC 27569
      View Details
    • Value Estimation by Request
      11,000 SF

      509 Gurleys Ml Rd

      LIGHT INDUSTRIAL
      509 Gurleys Ml Rd, Princeton, NC 27569-8246
      View Details
    • Value Estimation
      $500,000
      26,168 SF

      501 Pearl St

      LIGHT INDUSTRIAL
      501 Pearl St, Princeton, NC 27569-7334
      View Details
    • Value Estimation by Request
      19,600 SF

      9710 Us Hwy 70th E

      LIGHT INDUSTRIAL
      9710 Us Hwy 70th E, Princeton, NC 27569
      View Details
    • Value Estimation by Request
      1,362 SF

      104 Pearl St

      WAREHOUSE, STORAGE
      104 Pearl St, Princeton, NC 27569
      View Details

    Similar Nearby for Sale

    • $350,000
      5,198 SF

      Princeton Commercial Opportunity For Sale

      Versatile commercial property in high-traffic Princeton location, ready for customization.
      101 Dr Donnie H Jones Jr Blvd W, Princeton, NC 27569
      View Details
    • Contact for pricing
      Pending

      Highway 70 Commercial Warehouse

      22,400 SF warehouse on 4.24 acres with ample parking.
      9710 Us Highway 70, Princeton, NC 27569
      View Details
    • Contact for pricing

      Commercial Lots on US Hwy 70

      Two commercial lots on US Hwy 70 for sale.
      W Us 70 Hwy, Princeton, NC 27569
      View Details
    • $117,516
      2.60 Acres

      Land with Mobile Home

      2.6 acres in Princeton school district with mobile home.
      2057 Old Rock Quarry Rd, Princeton, NC 27569
      View Details
    • $117,516
      2.60 Acres

      2.6 Acres in Princeton, NC

      Land with mobile home in Princeton school district.
      2057 Old Rock Quarry Rd, Princeton, NC 27569
      View Details
    • $115,000
      4.50 Acres

      Residential Land in Princeton, NC

      4.5 acre residential lot in Johnston County.
      Radford Rd, Princeton, NC 27569
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Retail Building in Princeton

      13,000 SF retail building in rapidly growing Princeton, NC.
      620 Dr Donnie H Jones Jr Blvd, Princeton, NC 27569
      View Details
    • $950 /Mo
      Pending

      Downtown Princeton Storefront Office/Retail Space

      Storefront office/retail space in downtown Princeton, growing community.
      113 W Edwards St, Princeton, NC 27569
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Main St
    Princeton, NC 27569
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Main St, Princeton, NC, 27569
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!