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    For Sale (28)

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    Hillsborough 10-Acre Wooded Homesite
    $350,000
    10.38 Acres

    Hillsborough 10-Acre Wooded Homesite

    10-acre wooded lot near Durham and Hillsborough with septic permit.

    6506 St Marys Rd, Hillsborough, NC 27278
    View details
    Durham Land Near Falls Lake
    $99,900
    1.41 Acres

    Durham Land Near Falls Lake

    1.41 acres of wooded land zoned for residential use.

    4300-4304 Cheek Rd, Durham, NC 27704
    View details
    Chapel Hill Homesite Opportunity
    $295,000
    0.76 Acres

    Chapel Hill Homesite Opportunity

    0.76-acre homesite in Chapel Hill-Carrboro School District.

    204 Alta Ct, Chapel Hill, NC 27514
    View details
    West Cary Private Land Parcel
    $650,000
    4.93 Acres

    West Cary Private Land Parcel

    Nearly 5-acre homesite in prime West Cary location.

    1123 Wake Robin Ln, Cary, NC 27519
    View details
    Private Wooded Homesite Opportunity
    $299,000
    0.53 Acres

    Private Wooded Homesite Opportunity

    0.53-acre homesite for custom residence near NC State University.

    1308 Onslow Rd, Raleigh, NC 27606
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    Cedar Grove Land with Pond
    $425,000
    18.50 Acres

    Cedar Grove Land with Pond

    18.5 acres of level land with pond and views.

    18.5 Acres Olin Rd, Cedar Grove, NC 27231
    View details
    Raleigh Triplex Near Downtown
    $659,000
    2,727 SF

    Raleigh Triplex Near Downtown

    Three-unit apartment building near downtown Raleigh and NC State University.

    850 Athens Dr, Raleigh, NC 27606
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    Chapel Hill Wooded Land Parcel
    $252,000
    4.21 Acres

    Chapel Hill Wooded Land Parcel

    4.2-acre wooded lot for custom home in Chapel Hill.

    9033 Collins Creek Dr, Chapel Hill, NC 27516
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    South Durham Land Opportunity
    $6,000,000
    27.89 Acres

    South Durham Land Opportunity

    27.89 acres in South Durham, suitable for estate or development.

    38 Chatham Glen Dr, Durham, NC 27713
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    Durham Homesite Overlooking Wake Forest
    $149,900
    2.83 Acres

    Durham Homesite Overlooking Wake Forest

    2.83 acre homesite, close to Durham and RTP.

    7690 Wake Forest Hwy, Durham, NC 27703
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    Residential Land in Durham, NC
    $3,950,000
    66.29 Acres

    Residential Land in Durham, NC

    66.29 acres of residential land close to Durham amenities.

    6208 Craig Rd, Durham, NC 27712
    View details
    Hillsborough Vacant Land Opportunity
    $1,610,000
    7.77 Acres

    Hillsborough Vacant Land Opportunity

    7.77 acres of vacant land in West Hillsborough.

    205 W Hill Ave N, Hillsborough, NC 27278
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    Dunn, NC Land Opportunity
    $120,000
    5.00 Acres

    Dunn, NC Land Opportunity

    5 acre land parcel near Erwin, close to major highways.

    Parcel #3 Bob Lee Ln, Dunn, NC 28334
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    Raleigh Land Development Opportunity
    $345,000
    0.78 Acres

    Raleigh Land Development Opportunity

    Land with development potential in Southeast Raleigh, inside the beltline.

    640 Sunnybrook Rd, Raleigh, NC 27610
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    LAND - Mebane, NC
    $310,000
    10.06 Acres

    LAND - Mebane, NC

    Residential land & home lots • 10.06 Acres

    Haven View Trl, Mebane, NC 27302
    View details
    Hillsborough, NC 10-Acre Land
    $350,000
    10.35 Acres

    Hillsborough, NC 10-Acre Land

    10-acre wooded lot near Durham and Hillsborough.

    6744 St Marys Rd, Hillsborough, NC 27278
    View details
    Raleigh Acreage Inside the Beltline
    $395,000
    1.06 Acres

    Raleigh Acreage Inside the Beltline

    Rare 1.06-acre lot with development potential in Southeast Raleigh.

    620 Sunnybrook Rd, Raleigh, NC 27610
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    Raleigh Land Development Opportunity
    $395,000
    1.08 Acres

    Raleigh Land Development Opportunity

    Land for sale in Raleigh, NC with development potential.

    644 Sunnybrook Rd, Raleigh, NC 27610
    View details
    Fuquay Varina Land Opportunity
    $289,000
    8.91 Acres

    Fuquay Varina Land Opportunity

    8.91 Acres in fast-growing Fuquay-Varina, near Raleigh.

    9260 Lake Wheeler Rd, Fuquay Varina, NC 27526
    View details
    Residential Lot Near Commercial Zone
    $395,000
    0.70 Acres

    Residential Lot Near Commercial Zone

    0.7-acre residential lot near commercial area in Durham, NC.

    6502 Barbee Rd, Durham, NC 27713
    View details
    6.1 Acres Homesite in Cedar Grove
    $275,000
    6.10 Acres

    6.1 Acres Homesite in Cedar Grove

    6.1 acre homesite in Orange County, 14 minutes from Hillsborough.

    6.1 Acres Olin Rd, Cedar Grove, NC 27231
    View details
    COMMERCIAL - Durham, NC
    $435,000
    1,386 SF

    COMMERCIAL - Durham, NC

    Office Units • 1,386 SF

    5003 Southpark Dr, Durham, NC 27713
    View details
    8.89 Acres Near Shopping Hubs
    $1,250,000

    8.89 Acres Near Shopping Hubs

    8.89 acres near shopping, commuting routes, development potential.

    3710 Johnson Pond Rd, Apex, NC 27539
    View details
    Land in Growing Fuquay-Varina
    $289,000

    Land in Growing Fuquay-Varina

    8.914 acres zoned Residential Agriculture in fast-growing Fuquay-Varina.

    9260 Lake Wheeler Rd, Fuquay Varina, NC 27526
    View details
    Durham County Homesite For Sale
    $149,900

    Durham County Homesite For Sale

    2.83 acre homesite in Durham County overlooking Wake Forest Highway.

    7690 Wake Forest Rd, Durham, NC 27703
    View details
    Land for Sale in Durham
    $99,900

    Land for Sale in Durham

    Land available on Cheek Road, Durham.

    4300-4304 Cheek Rd, Durham, NC 27704
    View details
    Land Parcel in Durham, NC
    $6,000,000

    Land Parcel in Durham, NC

    Land available in Durham, North Carolina.

    38 Chatham Glen Dr, Durham, NC 27713
    View details
    Land For Sale
    $252,000

    Land For Sale

    Land available for purchase in Chapel Hill, North Carolina.

    9033 Collins Creek Dr, Chapel Hill, NC 27516
    View details

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    Berkshire Hathaway HomeServices York Simpson Underwood Realty
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    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
    Berkshire Hathaway HomeServices York Simpson Underwood Realty
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