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    Land Near Whitewater Center
    $120,000
    0.65 Acres

    Land Near Whitewater Center

    Land in growing West Charlotte, near Whitewater Center and River District.

    1320 Hawfield Rd, Charlotte, NC 28214
    View details
    Land in Wilderness Reserve Community
    $175,000
    8.60 Acres

    Land in Wilderness Reserve Community

    8+ acres in gated community near Boone and Blue Ridge Parkway.

    170 Wildcat Wilderness Pkwy, Deep Gap, NC 28618
    View details
    Scenic Homesite in Canawhay Community
    $60,000
    1.64 Acres

    Scenic Homesite in Canawhay Community

    1.64 acre homesite in gated community near New River.

    40 Creek Ct, Jefferson, NC 28640
    View details
    Lenoir NC Wooded Land
    $95,000
    20.72 Acres

    Lenoir NC Wooded Land

    20-acre wooded retreat in a gated community with stream.

    3308 Valley Dr, Lenoir, NC 28645
    View details
    Waterfront Lot in Gated Community
    $134,900
    1.21 Acres

    Waterfront Lot in Gated Community

    1.21 acre build-ready lot with water views and amenities.

    Scenic Ln, Granite Falls, NC 28630
    View details
    Prime Commercial Lot in Downtown
    $295,000
    0.37 Acres

    Prime Commercial Lot in Downtown

    0.37-acre commercial lot in the heart of West Jefferson.

    Hice St, West Jefferson, NC 28694
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    West Jefferson Buildable Lot For Sale
    $345,000
    0.52 Acres

    West Jefferson Buildable Lot For Sale

    Easily buildable lot in the heart of West Jefferson, NC.

    Hamilton St, West Jefferson, NC 28694
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    Prime Commercial Lot in West Jefferson
    $625,000
    0.89 Acres

    Prime Commercial Lot in West Jefferson

    Exceptional commercial lot in a thriving mountain town.

    lot F 5 Hice St, West Jefferson, NC 28694
    View details
    5-Acre Lot Near Boone, NC
    $125,000
    5.02 Acres

    5-Acre Lot Near Boone, NC

    5-acre wooded lot in Wilderness Reserve, near Boone and Blue Ridge.

    61 Wildcat Wilderness Pkwy, Deep Gap, NC 28618
    View details
    Lenoir NC Wooded Retreat Land
    $95,000
    20.72 Acres

    Lenoir NC Wooded Retreat Land

    20-acre wooded retreat with stream in gated community.

    3308 Valley Dr, Lenoir, NC 28645
    View details
    LAND - Deep Gap, NC
    $180,000
    2.04 Acres

    LAND - Deep Gap, NC

    Land • 2.04 Acres

    Wildcat Rd, Deep Gap, NC 28618
    View details

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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
    Realty ONE Group Select
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