Listing Agency: Compass -- Raleigh s***@compass.com Show Phone

Listed By: Jazzmine Alston · License #319261 Show Phone

Added: Mar 29 Changed: Aug 31 Last Checked: Oct 5 at 7:06AM

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MLS# 10156189

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.

Investment Insights

Based on property information with market context.

This offering includes three contiguous parcels totaling 10.45 acres, and all parcels must be sold together. The 0.78-acre parcel is cleared and has direct road frontage, with a 2-bedroom, 1-bath ranch home built in 1966 (672 sq ft) that will require renovation and is not move-in ready. A carport, well, and septic system are on site, and permits for the well and septic are on file. An additional structure on the property is in disrepair.

The remaining 9.67 acres are wooded across two parcels (4.9 acres and 4.77 acres), each described as contiguous. Permitted uses are subject to local zoning, and buyers should confirm allowable uses during due diligence.

The land is located in Woodsdale Township, Person County, within 5 miles of the Person County Mega Park, a 1,350-acre site acquired by Microsoft in late 2024. Microsoft has announced plans to begin the data center permitting process in 2026, with full development expected to span several years; this is presented as a proximity opportunity rather than a timeline speculation.

Key Highlights

• Strategic location: Situated within 5 miles of the Person County Mega Park, recently acquired by Microsoft.
• 10.45 acres consisting of three contiguous parcels, offering ample space and flexibility.
• Pre‑permitting proximity play offering a unique opportunity related to the Microsoft development timeline.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$5,091

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

4.01%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$101,820 $101.8K

Cap Rate 7%

$72,729 $72.7K

Cap Rate 9%

$56,567 $56.6K

Market Conditions

NOI Build-Up for 672 SF 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.

Gross rent

$10.5K $15.60/SF

− Vacancy

−$1.2K −$1.83/SF

EGI

$9.3K $13.77/SF

− OpEx

−$4.2K −$6.20/SF

NOI

$5.1K $7.58/SF

Area

Person County, NC

Vacancy

11.70%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$101,820

Cap Rate 7%

$72,729

Cap Rate 9%

$56,567

Alternative Uses

Best Use

Apartment 5plus

$72.7K

$63.6K – $84.9K (±1% cap)

NOI $5,091 @ 7.0% cap · market cap 4.01%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$217.0K

$189.9K – $253.2K (±1% cap)

NOI $15,190 @ 7.0% cap · market cap 11.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 27574, NC

14,320

Population

6,474

Households

2.2

Avg Household Size

46

Median Age

16%

College-Educated

88%

High-School Grad

191.6 sq mi

ZIP Area

75

Density / Sq Mi

$65,378

Median Household Income

$37,495

Median Earnings

$986

Median Rent

$183,200

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Ten-point-four-five acres offered as three contiguous parcels, including cleared road-frontage with on-site well and septic permits.

Where is this residential land & home lot located?

The property is located at A57 56 Woodsdale Rd Roxboro, NC.

What is the asking price?

The asking price for this property is $127,000.

What are key features of this property?

This property features: Strategic location: Situated within 5 miles of the Person County Mega Park, recently acquired by Microsoft.; 10.45 acres consisting of three contiguous parcels, offering ample space and flexibility.; Pre‑permitting proximity play offering a unique opportunity related to the Microsoft development timeline.