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

    515 Central St Clayton, NC 27520

    View on Map
    Sponsored
    For Sale
    $450,000

    LAND - Clayton, NC

    Lot size:
    5.80 Acres
    Days on Market:
    22
    Last Refresh:
    Mar 27 at 2:06 pm

    Property Features for 515 Central St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    RLL & RHD
    APN
    1&2
    Lot size
    5.80 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Anita Oxford
    Anita Oxford

    Compass North Carolina

    Listing agent Anita Oxford

    Listing date Mar 5, 2026

    MLS# 10094132 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.

    Learn more

    Property Insight Report

    Overview

    Prime Land in Clayton, NC

    This property comprises approximately 5.8 acres across two lots being sold together in the city of Clayton. Sewer and water connections are available. The existing A-frame home on the property is considered to have no value. This property presents a development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -78.447888
    Latitude
    35.647629

    Nearby Similar for Sale

    • $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 Ln, Clayton, NC 27527
      View Details
    • $78,999
      0.25 Acres

      Clayton Office Space For Sale

      Prime location office space in Clayton, North Carolina.
      201 Winding Wood Dr, Clayton, NC 27520
      View Details
    • New
      $295,000
      1,600 SF

      Like-New Townhome with Garage

      End-unit townhome with modern features and community amenities.
      389 Channel Drop Dr, Clayton, NC 27520
      View Details
    • $5,000,001
      7,040 SF

      Highway 70 Commercial Corner Lot

      8.84 AC corner lot suitable for various commercial uses.
      5562 Business, Clayton, NC 27520
      View Details
    • Contact for pricing

      Medical Office Building Near Downtown

      Two-story medical office building near downtown Clayton for sale.
      890 S Lombard St, Clayton, NC 27520
      View Details
    • $269,990
      Pending

      Townhome Near Waterfront District

      Three-bedroom townhome in desirable neighborhood near dining and shopping.
      307 Whitley Ridge Dr, Clayton, NC 27527
      View Details
    • Contact for pricing
      70,000 SF

      Medical Park Development Opportunity

      Medical park buildings for sale with highway visibility.
      2003 Hwy 42 West, Clayton, NC 27520
      View Details
    • Contact for pricing
      1,386 SF

      New Three-Bedroom Home in Clayton

      Three-bedroom home with modern amenities and community features in Clayton.
      102 N Chubb Rdg, Clayton, NC 27520
      View Details
    • Contact for pricing
      1,386 SF

      New 3-Bedroom Home in Clayton

      Open-concept 3-bedroom home with modern amenities and community features.
      108 N Chubb Rdg, Clayton, NC 27520
      View Details
    • $340,000
      9.79 Acres

      Prime Clayton Commercial Land

      9.79 Acres, High-Visibility Location. Excellent Development Opportunity.
      2 Front St, Clayton, NC 27527
      View Details
    • $845,000
      2.36 Acres

      Clayton Commercial Land Opportunity

      2.36 Acres, Prime Location, $845,000
      1225 Amelia Church Rd, Clayton, NC 27512
      View Details
    • $84,900
      0.25 Acres

      Clayton Commercial Lot - Prime Location

      0.25-acre lot, ideal for development. Great Clayton location.
      201 Winding Wood Dr, Clayton, NC 27520
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approximately 5.8 acres of land for sale in Clayton.
    Where is this residential land & home lot located?
    The property is located at 515 Central St Clayton, NC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime property in City of Clayton.; - Two lots being sold together totaling approximately 5.8 acres.; - Suitable for builders, investors, and developers.
    (502) 419-0778
    Request Owner's contact information
    515 Central St Clayton, NC 27520
    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.
    515 Central St
    Clayton, NC 27520
    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
    515 Central St Clayton, NC 27520
    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

    We can help!
    Listing Contact
    Anita Oxford
    Anita Oxford
    Real Estate License ID: 276513
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!