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

    1402 N Berkeley Boulevard Goldsboro, NC 27534

    View on Map
    Picture of Commercial land at 1402 N Berkeley Boulevard, Goldsboro, NC
    For Sale
    $525,000

    LAND - Goldsboro, NC

    Lot size:
    0.58 Acres
    Added:
    Mar 19, 2025
    Days on Market:
    378
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 1402 N Berkeley Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-16
    Standard status
    Active
    APN
    3519966159
    Lot size
    0.58 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    1402 BERK.PT LT43 JM WORRELL

    We can help!

    Listing Contact
    Tammy Syverson

    Listing agent Tammy Syverson License #187214

    Listing office Statewide Realty 308 N William Street, Goldsboro, NC

    Listing date Mar 19, 2025

    MLS# 100495858

    Copyright © 2026 Hive 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 Corner Lot in Goldsboro

    This cleared corner lot is available for sale. A stoplight is planned to facilitate easier access. The property is located near Lowe's Home Improvement Center, TJ Maxx, ALDI, and other businesses. The lot is zoned R-16 and has a size of 0.58 acres, located in Goldsboro, Wayne County, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.927536
    Latitude
    35.38338

    Nearby Similar for Sale

    • $870,000
      1,429 SF

      Established Business in Retail Corridor

      Commercial property with mini putt putt and arcade business.
      2940 U.S. Highway 70 W, Goldsboro, NC 27530
      View Details
    • $314,900
      1,584 SF

      Goldsboro Office Space For Sale

      Office space in a convenient location, suitable for various uses.
      308 N Taylor Street, Goldsboro, NC 27530
      View Details
    • $159,900
      1,400 SF

      Goldsboro Commercial Property For Sale

      Versatile commercial property in downtown Goldsboro suitable for various business uses.
      121 N James Street, Goldsboro, NC 27530
      View Details
    • $600,000

      Cleared Lot Off Berkeley Blvd

      Cleared commercial lot in high-visibility area near shops and restaurants.
      1305 N Berkeley Boulevard, Goldsboro, NC 27534
      View Details
    • $425,000
      2,370 SF

      Goldsboro Retail Plaza For Sale

      Two-tenant plaza with hair salon and redevelopment potential in Goldsboro.
      698 E New Hope Road, Goldsboro, NC 27534
      View Details
    • $4,200,000

      Goldsboro Land For Sale

      7.73 acre commercial land with development potential in Goldsboro, NC.
      2305 U.S. 13, Goldsboro, NC 27354
      View Details
    • $199,900

      Goldsboro Commercial Land For Sale

      Prime commercial land available in Goldsboro, North Carolina.
      2405 Wayne Memorial Drive, Goldsboro, NC 27534
      View Details
    • $449,000
      1,242 SF

      Goldsboro Redevelopment Site For Sale

      0.60-acre redevelopment site with retail potential near Food Lion.
      549 E New Hope Road, Goldsboro, NC 27534
      View Details
    • $239,900
      1,206 SF

      Goldsboro Duplex Unit For Sale

      Income-producing duplex unit built in 2021 on 0.37 acres.
      106 Drake Village Drive, Goldsboro, NC 27530
      View Details
    • $990,000
      6,537 SF

      Goldsboro Retail Building For Sale

      Retail building on a 1.18-acre lot in Goldsboro, NC.
      1406 W Gramtham Street, Goldsboro, NC 27530
      View Details
    • $21,000

      Goldsboro Land Ready to Build

      0.46-acre lot in Goldsboro, utilities available, ready for building.
      307 Longview Drive lot: 13, Goldsboro, NC 27534
      View Details
    • $22,000

      Goldsboro Land Ready to Build

      0.46-acre lot in Goldsboro, NC, ready for custom homesite.
      305 Longview Drive, Goldsboro, NC 27534
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared corner lot near Lowe's, TJ Max, and ALDI.
    Where is this commercial land located?
    The property is located at 1402 N Berkeley Boulevard Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Cleared corner lot ready for development; Stoplight being installed for easier access; Near Lowe's Home Improvement Center
    (919) 921-0238
    We can help!
    Listing Contact
    Tammy Syverson
    Real Estate License ID: 187214
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!