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    The Largest CRE Database in the US with Over 1 Million Listings

    Allen Lyles, Chapel Hill, NC

    License ID: 202810
    Years of Experience
    15
    Association
    Orange Chatham Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (336) 526-8000
    Office Address:
    111 Cloister Court, Suite 214, Chapel Hill, NC 27514

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    20
    Total transactions
    44
    Total transactions amount
    $12M
    Price range
    $182k - 410k
    Average price
    $273k

    Listings

    For Sale (20)

    View map
    • $150,000
      3.55 Acres

      Chapel Hill Wooded Parcel

      3.55 acre wooded parcel in Chapel Hill School District.
      391 Northside Dr, Chapel Hill, NC 27516
      View Details
    • $250,000
      1.13 Acres

      High-Visibility Elkin Corner Lot

      Prime Commercial Land, High Traffic Area
      TBD-1 Bridge St, Elkin, NC 28621
      View Details
    • $600,000
      2.50 Acres

      Jonesville Commercial Land Opportunity

      High-visibility, 2.5-acre lot, prime location.
      2 Winston Rd, Jonesville, NC 28642
      View Details
    • $295,000
      1.00 Acre

      Jonesville Commercial Land Investment

      High-visibility, I-77 Exit 82 access.
      3 Winston Rd, Jonesville, NC 28642
      View Details
    • $750,000
      3.98 Acres

      Elkin, NC Commercial Land Investment

      High-Visibility Retail Land, 3.98 Acres
      Bridge St, Elkin, NC 28621
      View Details
    • $600,000
      2.50 Acres

      Jonesville Commercial Land Opportunity

      High-visibility, 2.5-acre lot, prime location.
      2 Winston Rd, Jonesville, NC 28642
      View Details
    • $600,000
      1.50 Acres

      Jonesville Corner Lot Investment

      Prime Restaurant/Retail Opportunity
      1 Winston Rd, Jonesville, NC 28642
      View Details
    • $200,000
      0.85 Acres

      Elkin Commercial Land Investment Opportunity

      High-visibility lot, ideal for retail or office.
      TBD-2 Bridge St, Elkin, NC 28621
      View Details
    • $450,000
      2.00 Acres

      Elkin, NC Commercial Corner Lot

      High-Visibility Retail Opportunity, 2 Acres
      TBD-3 Bridge St, Elkin, NC 28621
      View Details
    • $975,000
      2.97 Acres

      Prime Elkin Commercial Land

      High-traffic location, exceptional development potential.
      Tbd Cc Cp Rd, Elkin, NC 28621
      View Details
    • $600,000
      1.50 Acres

      Jonesville Corner Lot Investment Opportunity

      High-visibility restaurant/retail site, 1.5 acres.
      1 Winston Rd, Jonesville, NC 28642
      View Details
    • $295,000
      1.00 Acre

      Jonesville Commercial Land Investment

      High-visibility lot near I-77, 1 acre.
      4 Winston Rd, Jonesville, NC 28642
      View Details
    • $600,000
      1.50 Acres

      Jonesville Commercial Corner Lot

      High-visibility, 1.5-acre commercial lot.
      Tbd-Parcel Winston Rd, Jonesville, NC
      View Details
    • $450,000
      2.00 Acres

      High-Visibility Elkin Commercial Lot

      Two-acre corner lot, high traffic area.
      Tbd-3 Bridge St, Elkin, NC 28621
      View Details
    • $295,000
      10.00 Acres

      Jonesville Commercial Land Investment

      High-visibility, 10-acre tract near I-77.
      4 Winston Rd, Jonesville, NC 28642
      View Details
    • $200,000
      0.85 Acres

      High-Visibility Elkin Commercial Lot

      Prime location, high traffic, 0.85 acres.
      Tbd-2 Bridge St, Elkin, NC 28621
      View Details
    • $295,000
      1.00 Acre

      Jonesville Commercial Land Investment

      High-visibility, I-77 Exit 82 access.
      3 Winston Rd, Jonesville, NC 28642
      View Details
    • $175,000
      1.27 Acres

      Elkin, NC Investment Outparcel

      High-visibility 1.27-acre lot, prime location.
      TBD-1 Brandywine Cir, Elkin, NC 28621
      View Details
    • $125,000
      0.73 Acres

      Elkin Retail Outparcel Investment

      High-visibility retail lot, excellent location.
      TBD-2 Brandywine Cir, Elkin, NC 28621
      View Details
    • $250,000
      1.13 Acres

      High-Visibility Elkin Commercial Lot

      Prime Corner Lot, 1.13 Acres
      Tbd-1 Bridge St, Elkin, NC 28621
      View Details

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    • For Sale

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    Allen Lyles, Chapel Hill, NC
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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.

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    Allen Lyles, Chapel Hill, NC
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