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    Prime Development Land in Whitsett Title is generated by Realmo AI

    563 NC Highway 61 S, Whitsett, NC 27377

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    Claim this Listing
    Pending
    $4,800,000

    COMMERCIAL - Whitsett, NC

    Lot size:
    27.95 Acres
    Added:
    Aug 15, 2025
    Days on Market:
    271
    Last Refresh:
    May 12 at 11:06 pm

    Property Features for 563 NC Highway 61 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RM8 and SC
    Standard status
    Pending
    Lot size
    27.95 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    27.95 AC WHITSETT NC 61
    Tax Annual Amount
    24036

    Building Details

    Year built
    1971

    We can help!

    Listing Contact
    Amy Lynne Klutz
    Amy Lynne Klutz

    Listing agent Amy Lynne Klutz

    Listing office NorthGroup Real Estate, Inc. 6511 Creedmoor Rd., Suite 101, Raleigh, NC

    Listing date Aug 15, 2025

    MLS# 10116071

    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.

    HighLights

    • Prime commercial development opportunity on a highly visible corner lot with dual road frontage (1681 ft on Hwy 61 and 716 ft on Hwy 70).
    • Zoned RM‑8 and SC, supporting a wide variety of potential uses, with commercial use as its highest and best use.
    • Located in a rapidly growing area near Burlington and Stoney Creek, with easy access to Greensboro and the Triad area.
    • Expansive 27.95‑acre tract.
    • Town of Gibsonville's Land Use Plan designates the entire tract for commercial use.
    • High‑traffic corridor location.

    Overview

    This 27.95-acre tract presents an exceptional development opportunity at the corner of Highway 61 and Burlington Road (Highway 70) in Gibsonville, NC. The property benefits from dual road frontage, with approximately 1681 feet on Hwy 61 and 716 feet on Hwy 70, offering access and visibility in a high-traffic corridor. Zoned RM-8 (Residential Multi-Family) and SC (Shopping Center), the site supports a variety of potential uses. The highest and best use is commercial, making it suitable for retail, office, or mixed-use development. The Town of Gibsonville's Land Use Plan designates the tract for commercial use in its entirety. Situated in a rapidly growing area near Burlington and Stoney Creek, the location provides easy access to Greensboro and surrounding Triad communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Department Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitsett
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.563519
    Latitude
    36.079996

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    FAQs

    What type of property is this?
    Commercial land - 27.95-acre commercial development opportunity in a high-traffic area.
    Where is this commercial land located?
    The property is located at 563 NC Highway 61 S Whitsett, NC.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity on a highly visible corner lot with dual road frontage (1681 ft on Hwy 61 and 716 ft on Hwy 70).; Zoned RM‑8 and SC, supporting a wide variety of potential uses, with commercial use as its highest and best use.; Located in a rapidly growing area near Burlington and Stoney Creek, with easy access to Greensboro and the Triad area.
    (619) 341-3127
    We can help!
    Listing Contact
    Amy Lynne Klutz
    Amy Lynne Klutz
    Learn More
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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
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    563 NC Highway 61 S, Whitsett, NC 27377
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