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    Listings

    For Sale (28)

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    Two Acre Wooded Lot
    $339,000
    2.00 Acres

    Two Acre Wooded Lot

    Two acre wooded lot in Holly Springs, North Carolina.

    Piney Grove Wilbon Rd, Holly Springs, NC 27540
    View details
    Sanford Land Parcel For Sale
    $99,000
    8.80 Acres

    Sanford Land Parcel For Sale

    8.8 acres near amenities, subject to judicial sale.

    Boone Cir, Sanford, NC 27330
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    Lehigh Acres Wooded Half Acre
    Contact for pricing
    0.50 Acres

    Lehigh Acres Wooded Half Acre

    Half-acre wooded lot in Lehigh Acres, Florida.

    1603 8Th Ave, Lehigh Acres, FL 33972
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    Durham Duplex in Duke Park
    $390,000
    772 SF

    Durham Duplex in Duke Park

    Charming 2-bedroom duplex near downtown Durham.

    334 Clark St, Durham, NC 27701
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    Land in Holly Springs, NC
    $145,000
    0.33 Acres

    Land in Holly Springs, NC

    Located off N Main St, near dining and shopping.

    817 Oakhall Dr, Holly Springs, NC 27540
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    Waterfront Land in Gated Community
    $1,200,000
    0.29 Acres

    Waterfront Land in Gated Community

    0.29-acre canal-front lot with Intracoastal Waterway views and boat slip.

    123 Seafaring Ln, Hampstead, NC 28443
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    Prime Commercial Site in Durham
    $2,755,000
    5.79 Acres

    Prime Commercial Site in Durham

    Highly visible commercial land near Brier Creek and Research Triangle Park.

    2214 T W Alexander Dr, Durham, NC 27703
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    Wake Forest Land For Sale
    $1,650,000
    1.69 Acres

    Wake Forest Land For Sale

    10.76 acres of land available in Wake Forest, NC.

    1005 Chalk Rd, Wake Forest, NC 27587
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    Duke Park Duplex in Durham
    $375,000
    772 SF

    Duke Park Duplex in Durham

    Charming duplex near downtown Durham with hardwood floors and parking.

    332 Clark St, Durham, NC 27701
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    Wake Forest Homesite Opportunity
    $425,000
    3.68 Acres

    Wake Forest Homesite Opportunity

    3.6 acre lot in Old Farm Crossing subdivision.

    1545 Breeders Hill Dr, Wake Forest, NC 27587
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    Corner Residential Building Lot
    Contact for pricing
    0.25 Acres

    Corner Residential Building Lot

    Ready-to-build corner lot in a residential zone, offering flexible access for future single-family development.

    828 Fullerton Ave S, Lehigh Acres, FL 33974
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    Prime Commercial Site in Durham
    $2,755,000
    5.79 Acres

    Prime Commercial Site in Durham

    Highly visible commercial land near Brier Creek and Research Triangle Park.

    2214 T W Alexander Dr, Durham, NC 27703
    View details
    Professional Office Condo Near Midtown
    $274,900
    1,016 SF

    Professional Office Condo Near Midtown

    Second-floor office condo ideal for professional service businesses.

    4002 Barrett Dr, Raleigh, NC 27609
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    Hickory NC Multifamily Investment Opportunity
    $675,000
    600 SF

    Hickory NC Multifamily Investment Opportunity

    Multifamily investment opportunity featuring 12 units on approximately 2.5 acres.

    218 37Th St SW, Hickory, NC 28602
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    Hickory NC Multifamily Investment
    $750,000
    600 SF

    Hickory NC Multifamily Investment

    Multifamily investment opportunity with 10 units on approximately 2.4 acres.

    303 37Th St SW, Hickory, NC 28602
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    Granville County Land Opportunity
    $574,000
    29.21 Acres

    Granville County Land Opportunity

    29+ acres near I-85, convenient to Durham and Raleigh.

    2b Watkins Rd, Oxford, NC 27565
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    Norlina Land with Pond Access
    $80,000
    5.00 Acres

    Norlina Land with Pond Access

    5-acre lot with pond access, ideal for homesite.

    2 Jones Chapel Rd, Norlina, NC 27563
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    Durham Land Near Southern High
    $275,000
    4.98 Acres

    Durham Land Near Southern High

    4.98 acre lot near Southern High School in Durham.

    913 Valmet Dr, Durham, NC 27703
    View details
    Holly Springs 10-Acre Development Parcel
    $3,100,000
    10.00 Acres

    Holly Springs 10-Acre Development Parcel

    Prime 10-acre development opportunity in the heart of Holly Springs.

    Thomas Mill Rd, Holly Springs, NC 27540
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    Residential Land in Fuquay Varina
    $120,000
    0.44 Acres

    Residential Land in Fuquay Varina

    Residential land for sale near Hilltop Needmore Town Park.

    4225/4229 Hilltop Needmore Rd, Fuquay Varina, NC 27526
    View details
    Durham Land Near I-85
    $149,000
    9.64 Acres

    Durham Land Near I-85

    9.64 acres of commercial land off I-85 in Durham.

    Avondale Dr, Durham, NC 27704
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    Wooded Lot in Kenly, NC
    Contact for pricing
    0.38 Acres

    Wooded Lot in Kenly, NC

    0.38 acre wooded lot with road frontage near Kenly.

    2830 Beulahtown Rd, Kenly, NC 27542
    View details
    Bonita Springs Wooded Lot
    $199,900
    0.99 Acres

    Bonita Springs Wooded Lot

    One-acre wooded lot in Tropic Acres, close to Bonita Springs.

    25531 Tropic Acres Dr, Bonita Springs, FL 34135
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    Multi-Purpose Building on 2.24 Acres
    Contact for pricing

    Multi-Purpose Building on 2.24 Acres

    Well-maintained multi-purpose building on 2.24 acres with lease in place.

    315 Southerland St, Durham, NC 27703
    View details
    Prime Commercial Site in Durham
    Contact for pricing

    Prime Commercial Site in Durham

    High visibility commercial land near Brier Creek and Research Triangle Park.

    2214 T W Alexander Dr, Durham, NC 27703
    View details
    Wake Forest Land For Sale
    $1,650,000

    Wake Forest Land For Sale

    Land available in Wake Forest, North Carolina.

    1005 Chalk Rd, Wake Forest, NC 27587
    View details
    Land For Sale in Oxford
    $574,000

    Land For Sale in Oxford

    Land available in Oxford, North Carolina.

    2b Watkins Rd, Oxford, NC 27565
    View details
    Franklinton Commercial Land Opportunity
    Contact for pricing

    Franklinton Commercial Land Opportunity

    Two commercial lots totaling 1.37 acres in Franklinton, NC.

    80 Cannady Way, Franklinton, NC 27525
    View details

    For Lease (3)

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    Professional Office Space For Lease
    $3,150 / Mo
    2,000 SF

    Professional Office Space For Lease

    Commercial space available for lease in Raleigh, North Carolina.

    132 Wind Chime Ct, Raleigh, NC 27615
    View details
    Prime Medical Office Space Available
    $18 SF/Yr
    2,312 SF

    Prime Medical Office Space Available

    Versatile medical/office space in Durham's thriving North Duke corridor.

    2609 N Duke St, Durham, NC 27704
    View details
    Raleigh Office Space For Rent
    $3,857 / Mo
    2,000 SF

    Raleigh Office Space For Rent

    Office space available for lease in Raleigh, North Carolina.

    132 Wind Chime Ct, Raleigh, NC 27615
    View details

    Leases and Sales on Map

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    Keller Williams Elite 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
    Keller Williams Elite Realty
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