Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 Butternut Lane Clayton, NC 27520

    View on Map
    Claim this Listing
    For Sale
    $89,000

    LAND - Clayton, NC

    Lot size:
    0.24 Acres
    Added:
    May 19, 2025
    Days on Market:
    349
    Last Refresh:
    May 2 at 12:06 pm

    Property Features for 117 Butternut Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    OFI- Commerical
    Vegetation
    Cleared
    Standard status
    Active
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 68 WALNUT CREEK 2 53/278
    Tax Annual Amount
    792

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Derek Wyatt

    Listing agent Derek Wyatt License #296522

    Listing office HTR Southern Properties 110 N Raiford St., Selma, NC

    Listing date May 19, 2025

    MLS# 10097402 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleared Commercial Land in Clayton

    This 0.24-acre commercial property is located in Clayton, North Carolina, off NC-42, near US-70 Business and the US-70 Bypass. The cleared and level corner lot is zoned for office and institutional uses, making it suitable for professional offices, medical clinics, or service-oriented businesses. The surrounding area includes established businesses and residential neighborhoods. The property offers visibility and easy access for clients and employees. This property is located in one of North Carolina's fastest-expanding communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.487997
    Latitude
    35.637264

    Nearby Similar for Sale

    • $78,999

      Clayton Office Space For Sale

      Prime location office space in Clayton, North Carolina.
      201 Winding Wood Drive, Clayton, NC 27520
      View Details
    • $610,000

      Residential/Agricultural Land in Clayton, NC

      7+ acres of wooded land, ideal for homesteading.
      15653 Buffalo Road, Clayton, NC 27527
      View Details
    • $167,000

      Clayton Commercial Land Opportunity

      Prime commercial land in Clayton with B-3 zoning.
      141 & 145 State Avenue, Clayton, NC 27520
      View Details
    • $4,000,000

      23 Acres on US 70

      23 acres with road frontage on a major business corridor.
      4800 Us 70 Bus Highway W, Clayton, NC 27520
      View Details
    • $180,000

      Clayton, NC Commercial Corner Lot

      Corner lot zoned for office and institutional use in Clayton.
      200 Winding Wood Drive, Clayton, NC 27520
      View Details
    • $1,500,000
      10,010 SF

      Versatile Commercial Building in Clayton, NC

      9,489 sq ft commercial building on 0.85 acres for sale.
      100 Cunningham Lane, Clayton, NC 27527
      View Details
    • $299,900

      Commercial Lots on Highway 42

      Two vacant commercial lots, cleared and flat, ready to build.
      212 & 216 Butternut Lane, Clayton NC 27520, Clayton, NC 27520
      View Details
    • $175,000

      Clayton Land with Pond

      2.64 acre homesite with pond, utilities, and perc.
      124 Suhani Lane, Clayton, NC 27520
      View Details
    • $292,000
      1,600 SF

      Like-New Townhome with Garage

      End-unit townhome with modern features and community amenities.
      389 Channel Drop Drive, Clayton, NC 27520
      View Details
    • $99,500

      Ready-to-Build Homesite in Clayton, NC

      Spacious homesite with utilities, outside city limits, near amenities.
      152 Suhani Lane, Clayton, NC 27520
      View Details
    • $1,799,000

      39 Acres in Clayton, NC

      39 acres of land for sale in Clayton, North Carolina.
      Washington Street, Clayton, NC 27520
      View Details
    • $2,900,000

      Commercial Land Near Johnston Hospital

      9.71 acre commercial land development opportunity near Johnston Memorial Hospital.
      257 Johnson Estate Road, Clayton, NC 27520
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.24-acre corner lot zoned for office and institutional uses.
    Where is this commercial land located?
    The property is located at 117 Butternut Lane Clayton, NC.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Prime commercial property in Clayton, one of North Carolina's fastest‑expanding communities.; Cleared and level 0.24‑acre corner lot with excellent visibility and easy access.; Strategic location just off NC‑42, near US‑70 Business and the US‑70 Bypass.
    (919) 291-9428
    We can help!
    Listing Contact
    Derek Wyatt
    Real Estate License ID: 296522
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    117 Butternut Lane, Clayton, NC 27520

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!