Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Income-Producing Building on US Hwy Title is generated by Realmo AI

    9140 W US Highway 421, Wilkesboro, NC 28697

    View on Map
    Claim this Listing
    For Sale
    $129,000

    MULTI_FAMILY - Wilkesboro, NC

    Property size:
    880 SF
    Lot size:
    0.93 Acres
    Price / SF:
    $146/SF
    Added:
    Feb 17, 2026
    Days on Market:
    99
    Last Refresh:
    May 27 at 7:06 pm

    Property Features for 9140 W US Highway 421

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    880 SF
    Lot size
    0.93 Acres

    We can help!

    Listing Contact
    Chris Goforth

    Listing agent Chris Goforth License #339255

    Listing office Goforth & Co Real Estate North Wilkesboro, NC

    Listing date Feb 17, 2026

    MLS# 1205149

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

    HighLights

    • High‑visibility location on US Hwy 421 with approximately 20,000 vehicles per day.
    • Income‑producing property with an 8% cap rate and existing commercial tenant.
    • 0.93+/- acre lot with no restrictions, offering limitless development potential.
    • 880 sq ft stick‑built storage building with high‑end finishes on a concrete slab.
    • Excellent candidate for a 1031 exchange.
    • Located between Wilkesboro and Boone.

    Overview

    Located between Wilkesboro and Boone, this 0.93-acre property features an 880 sq ft stick-built storage building on a concrete slab with high-end finishes. A commercial tenant is already in place. The property is located on US Hwy 421 and benefits from high visibility with an NCDOT traffic count of approximately 20,000 vehicles per day. The existing rental income and 8% cap rate make this an excellent candidate for a 1031 exchange or for any investor looking to grow their real estate portfolio. With no restrictions found, the development potential is limitless, making it perfect for expanding, adding additional structures, or repurposing for your vision.
    Property Profile Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Building Supply Dental Office Auto Repair Shop Department Store Food Market HVAC Service Discount Store Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilkesboro
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.330172
    Latitude
    36.1522

    Nearby Similar for Sale

    • $1,150,000
      2,614 SF

      Wilkesboro Restaurant/Retail Opportunity For Sale

      Recently renovated restaurant/retail space with ample parking and highway access.
      513 Curtis Brg Rd, Wilkesboro, NC
      View Details
    • $450,000

      Wilkesboro Farm with Mountain Views

      45-acre farm with creek, waterfalls, and mountain views.
      667 Pads Road, Wilkesboro, NC 28697
      View Details
    • $375,000

      Wilkesboro Commercial Property on Highway 421

      Established commercial property with highway frontage and garage space for sale.
      3677 W US Highway 421 Highway, Wilkesboro, NC 28697
      View Details

    FAQs

    What type of property is this?
    1031 exchange property - 0.93 acre property with income and high visibility.
    Where is this 1031 exchange property located?
    The property is located at 9140 W US Highway 421 Wilkesboro, NC.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: High‑visibility location on US Hwy 421 with approximately 20,000 vehicles per day.; Income‑producing property with an **8% cap rate** and existing commercial tenant.; 0.93+/- acre lot with no restrictions, offering limitless development potential.
    (828) 493-9009
    We can help!
    Listing Contact
    Chris Goforth
    Real Estate License ID: 339255
    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
    9140 W US Highway 421, Wilkesboro, NC 28697
    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!