Cumberland County
Building Summary

Data last updated on: 10/29/2025     Ownership current as of: 10/17/2025     Tax Year: 2025
REID 0447123749000

 PIN # 0447-12-3749
Location Address Property Description
138 N RACEPATH ST 128, 130 & 132 N RACEPATH ST (0.65 AC)
   
Property Owner Owner's Mailing Address
MEAUT, MICHAEL LAWRENCE;MEAUT, KAREN LYNN
P O BOX 48845
CUMBERLAND NC 28331
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Building Location Address
138 N RACEPATH ST
Card   of  1        Section   of  1
Building Details

Building Name
Primary Occupancy Type COMMERCIAL
Primary Occupancy STC-STORAGE-GARAGE
Primary Class S-PRE-ENG-STEEL-FRAM
Primary Quality C
Year Built 1990
Effective Year 1997
Physical Depreciation (Rating) AVERAGE
Physical Depreciation (% Bad) 40.00
Economic Depreciation (% Bad)
Functional Depreciation (% Bad)
Gross Leasable Area (SQFT) 6520
Remodeled Year 2015
Total Stories 1

Section Details

Occupancy Type COMMERCIAL


Air Conditioning Y
Interior Finish STC-STORAGE-GARAGE
Interior Finish OFC-OFFICE
Class S-PRE-ENG-STEEL-FRAM
2-FIX-BATHS 2
Quality C
MZO-MEZZ-OFFICE 850
Exterior Walls 36-OVERHEAD-DOORS
Exterior Walls 15-PREFIN-METAL-S-ST
Sprinkler N
Depreciation 40%
Depreciation AVERAGE
Occupancy STC-STORAGE-GARAGE
Building Total & Improvement Details

Total Adjusted Replacement Cost New $544,196
Physical Depreciation (% Bad) AVERAGE 40.00
Depreciated Value $326,518
Economic Depreciation (% Bad) 0
Functional Depreciation (% Bad) 0
Total Depreciated Value $326,518
Market Area Factor 1.00
Building Value $326,518
Misc Improvements Value $5,939
Total Improvement Value $332,457

Assessed Land Value $41,404
   
Assessed Total Value $373,861


Addition Summary 
StoryTypeCodeArea
1.00 CNPY COMM FAIR CCD 60
 
Other Improvements 
UnitsDescriptionItemCodeYear% BadValue
1950 SIZE CONCRETE PAV 1990 65 3863
320 SIZE CL FENCE 1990 65 1281
70 SIZE FENCE WOOD SOLID 1990 65 795
 


Building Sketch
Photograph
Building Sketch Building Photo
(Click sketch for bigger image)