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    Commercial and Residential Opportunity Title is generated by Realmo AI

    9801 Ten-Ten Road, Raleigh, NC 27603

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    Claim this Listing
    For Sale
    $699,900

    COMMERCIAL - Raleigh, NC

    Type:Retail
    Property size:
    3,557 SF
    Lot size:
    1.14 Acres
    Price / SF:
    $196/SF
    Added:
    Sep 10, 2024
    Days on Market:
    635
    Last Refresh:
    Jun 6 at 8:06 pm

    Property Features for 9801 Ten-Ten Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial/ R30
    Parking
    12
    Fencing
    Chain Link
    Standard status
    Active
    APN
    1609410442
    Size
    3,557 SF
    Lot size
    1.14 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LO2 H H POLLARD EST BM2001 -1353
    Tax Annual Amount
    1765

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Year built
    1957
    Floors in Building
    1
    Building materials
    Block, Concrete, Vinyl Siding

    We can help!

    Listing Contact
    Tommy Myatt

    Listing agent Tommy Myatt

    Listing office The NC Real Estate Firm, LLC 347 Bridgegate Drive, Apex, NC

    Listing date Sep 10, 2024

    MLS# 10053529

    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 location at the intersection of Ten‑Ten Road and Rand Road.
    • Opportunity to own both commercial and residential properties.
    • Existing residential rental property provides immediate income.
    • Commercial building suitable for a retail storefront.
    • Solid commercial building construction ('good bones').
    • Utilities available: Water (Well), Sewer (Septic Tank).

    Overview

    This property presents a rare opportunity to own both commercial and residential spaces in a prime location. The commercial building, formerly Pollard's Grocery and Grill, is strategically situated at the intersection of Ten-Ten Road and Rand Road. The building is described as solid with good structure, requiring some improvements. A separate residential home is included on the same 1.14-acre property. The home is currently rented, providing immediate rental income. The property is zoned Commercial/R30 and is suitable for a retail storefront. The commercial building is 3,557 square feet. Wake County allows Neighborhood Oriented Retail commercial uses. This location is ideal for customizing the commercial building while residing in the home. The property is located in Raleigh, NC.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $67.4k $18.96
    − Vacancy −$5.1k −$1.42
    EGI $62.4k $17.54
    − OpEx −$18.7k −$5.26
    NOI $43.7k $12.28
    3,557 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $623.8K
    $545.9K – $727.8K (±1% cap)
    NOI $43,668 @ 7.0% cap · market cap 6.24%
    Second Best
    Apartment 5plus
    $473.9K
    $414.7K – $552.9K (±1% cap)
    NOI $33,172 @ 7.0% cap · market cap 4.74%
    Theoretical Best
    Office A
    $1.13M
    $984.5K – $1.31M (±1% cap)
    NOI $78,759 @ 7.0% cap · market cap 11.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.650181
    Latitude
    35.649117

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    FAQs

    What type of property is this?
    Storefront property - Prime location with commercial building and residential home.
    Where is this storefront property located?
    The property is located at 9801 Ten-Ten Road Raleigh, NC.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: Prime location at the intersection of Ten‑Ten Road and Rand Road.; Opportunity to own both commercial and residential properties.; Existing residential rental property provides immediate income.
    (919) 414-7689
    We can help!
    Listing Contact
    Tommy Myatt
    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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