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    Lake Rhodhiss Land Opportunity
    $109,900
    2.32 Acres

    Lake Rhodhiss Land Opportunity

    2.32-acre lot in Lakeside Reserve community near Lake Rhodhiss.

    2266 Jumping Run, Connelly Springs, NC 28612
    View details
    Granite Falls Land Near Lake
    $179,000
    7.19 Acres

    Granite Falls Land Near Lake

    7.19-acre residential land near Lake Rhodhiss with community boat dock.

    Connelly Springs Rd, Granite Falls, NC 28630
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    Lake Access Homesite in Granite Falls
    Contact for pricing
    1.27 Acres

    Lake Access Homesite in Granite Falls

    1.27-acre homesite with lake access and community amenities.

    6074 Plantation Pointe Dr, Granite Falls, NC 28630
    View details
    Lenoir Mountain Homesite Opportunity
    $34,900
    1.87 Acres

    Lenoir Mountain Homesite Opportunity

    1.87-acre homesite in The Coves Mountain River Club.

    4420 Walnut Ridge Dr, Lenoir, NC 28645
    View details
    Prime Commercial Lot on Highway
    Contact for pricing

    Prime Commercial Lot on Highway

    Corner lot with high traffic and pedestrian access.

    2 Us Highway 321, Hickory, NC 28602
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    Prime Granite Falls Commercial Land
    $500,000
    1.00 Acre

    Prime Granite Falls Commercial Land

    High-traffic 1-acre lot, US-321 frontage

    0 Us-321, Hudson, NC 28630
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    Granite Falls Commercial Land Parcel
    Contact for pricing

    Granite Falls Commercial Land Parcel

    Commercial land with high visibility and road frontage on US-321.

    321 None, Granite Falls, NC 28630
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    Commercial Property on North Center
    $1,350,000

    Commercial Property on North Center

    Commercial property for sale on North Center Street.

    2152 N Center St, Hickory, NC 28601
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    Historic Queen Anne Hospitality House
    Contact for pricing

    Historic Queen Anne Hospitality House

    1897 Queen Anne in Hickory's Claremont Historic District.

    121 5Th Ave NE, Hickory, NC 28601
    View details
    Corner Lot in Prime Location
    Contact for pricing

    Corner Lot in Prime Location

    0.85 acre corner lot zoned C-2 in Dallas, NC

    5308 Dallas Hgh Shls Hwy, Dallas, NC 28034
    View details
    Versatile Land Near I-40
    Contact for pricing

    Versatile Land Near I-40

    17 acres near I-40 and Hwy 321, Hickory, NC.

    2049 Old Shelby Rd, Hickory, NC 28602
    View details

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    Boyd & Hassell, Inc
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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
    Boyd & Hassell, Inc
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