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    For Sale (13)

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    23 Acres of Wooded Land
    $600,000
    23.00 Acres

    23 Acres of Wooded Land

    Land with creek, survey, and perc test completed in Pittsboro.

    Dewitt Smith Rd, Pittsboro, NC 27312
    View details
    Henderson Duplex with Recent Upgrades
    $205,000
    1,365 SF

    Henderson Duplex with Recent Upgrades

    Duplex with updated roof, water heaters, and flooring.

    691-693 Boddie St, Henderson, NC 27536
    View details
    Stokes, NC Land Parcel
    $30,000
    3.96 Acres

    Stokes, NC Land Parcel

    3.96-acre parcel with 238 feet of road frontage.

    Sheppard Mill Rd, Stokes, NC 27884
    View details
    Durham Vacant Lot For Sale
    $205,000
    0.17 Acres

    Durham Vacant Lot For Sale

    0.17-acre vacant lot zoned RU-5 near Duke University.

    2217 Stroller Ave, Durham, NC 27705
    View details
    Wendell Wooded Lot For Sale
    $249,900
    3.94 Acres

    Wendell Wooded Lot For Sale

    3.94-acre wooded lot near Wendell Falls and downtown Wendell.

    1210 Lake Wendell Rd, Wendell, NC 27591
    View details
    Wooded Lot Near Wendell Falls
    $249,900
    4.02 Acres

    Wooded Lot Near Wendell Falls

    4.02-acre wooded lot near Wendell Falls, no HOA, no city taxes.

    1200 Lake Wendell Rd, Wendell, NC 27591
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    Moncure Land Development Opportunity
    $1,400,000
    61.74 Acres

    Moncure Land Development Opportunity

    Large acreage in growing area near Sanford, Apex, and Pittsboro.

    Riv Frk Rd, Moncure, NC 27559
    View details
    Durham Land in Prime Location
    $99,000
    0.27 Acres

    Durham Land in Prime Location

    Desirable Durham land near parks and downtown amenities.

    1203 Avery St, Durham, NC 27707
    View details
    Residential Land in Garner, NC
    $48,000
    0.25 Acres

    Residential Land in Garner, NC

    Residential land available in an established Garner neighborhood.

    4517 Imperial St, Garner, NC 27529
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    Residential Land in Garner, NC
    $48,000
    0.25 Acres

    Residential Land in Garner, NC

    Residential land available in an established Garner neighborhood.

    4521 Imperial St, Garner, NC 27529
    View details
    LAND - Garner, NC
    $48,000
    0.24 Acres

    LAND - Garner, NC

    Residential land & home lots • 0.24 Acres

    4525 Imperial St, Garner, NC 27529
    View details
    Residential Lot in Historic District
    $60,000
    0.15 Acres

    Residential Lot in Historic District

    0.15 acre corner lot in Wilson's historic district.

    310 Maplewood Ave NE, Wilson, NC 27893
    View details
    Henderson Duplex: Cash Flow Opportunity
    $205,000
    1,365 SF

    Henderson Duplex: Cash Flow Opportunity

    Duplex in Henderson, NC with recent upgrades and low-maintenance design.

    691-693 Boddie St, Henderson, NC 27536
    View details

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    DASH Carolina
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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
    DASH Carolina
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