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

    Bulb Road Liberty, NC 27298

    View on Map
    For Sale
    $513,000

    LAND - Liberty, NC

    Lot size:
    1.71 Acres
    Added:
    Sep 3, 2024
    Days on Market:
    576
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for Bulb Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Partially Wooded
    Standard status
    Active
    APN
    8708847337
    Lot size
    1.71 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Book 121 P28

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Billy F Williams

    Listing agent Billy F Williams License #265214

    Listing office Harris Realty & Auction 1325 N Second Ave, Siler City, NC

    Listing date Sep 3, 2024

    MLS# 10050381

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Toyota Plant

    This 1.71-acre lot is located directly across from the upcoming Toyota Battery Manufacturing Plant. The property represents an opportunity for investors looking to capitalize on the anticipated economic boom in the area. Toyota's commitment to invest $13.9 billion and employ 5,100 workers is expected to transform the surrounding region. This influx of employees, alongside the plant's operational activities, will likely spur regional growth, making this lot a candidate for commercial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Liberty
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.5689
    Latitude
    35.8814

    Nearby Similar for Sale

    • $907,000

      Liberty Land Near Toyota Campus

      33 acres near Toyota Battery plant in Liberty, North Carolina.
      6233 Shiloh Road, Liberty, NC 27298
      View Details
    • $1,150,000
      6,237 SF

      New Multifamily Property in Liberty, NC

      New four-unit multifamily property near Toyota plant, suitable for rentals.
      105 E Highfill Avenue unit: 105,107,109,111, Liberty, NC 27298
      View Details
    • $30,000

      Wooded Land Parcel in Liberty

      1.5 acre wooded parcel near US Hwy 421.
      Pierce Denny Road, Liberty, NC 27298
      View Details
    • $24,900

      Residential Land in Liberty, NC

      Residential land available in Liberty, North Carolina.
      200 S Murphy Street, Liberty, NC 27298
      View Details
    • $1,200,000

      26-Acre Landholding in Liberty, NC

      26-acre landholding suitable for residential, agricultural, or mixed-use development.
      8794 Old 421 Road, Liberty, NC 27298
      View Details
    • $200,000

      Undeveloped Land in Liberty, NC

      14.8 acres of residential land with road frontage.
      Bunton Swaim Road, Liberty, NC 27298
      View Details
    • $720,590

      Land Near Toyota Plant

      2.41 acre lot near upcoming Toyota Battery Manufacturing Plant.
      Old 421 Road, Liberty, NC 27298
      View Details
    • $935,258

      Land Near Toyota Plant

      9.85 acre lot near upcoming Toyota Battery Manufacturing Plant.
      Old 421 Road, Liberty, NC 27298
      View Details
    • $600,000

      Prime Commercial Land Opportunity

      2+ acres of commercial land near Toyota battery plant.
      5731 Julian Airport Road, Liberty, NC 27298
      View Details
    • $4,000,000

      Industrial Commercial Property on 4.51 Acres

      4.51 acre industrial commercial property in a sought-after location.
      312 Luther Avenue, Liberty, NC 27298
      View Details
    • $3,500,000

      Large Acreage Commercial Opportunity

      Over 10 acres near Toyota Battery plant, ideal for development.
      5757,5775,5777 Julian Airport Road, Liberty, NC 27298
      View Details
    • $1,750,000

      Land Near Toyota Battery Site

      AG zoned land near Toyota's ETJ, ideal for future development.
      6972 Bowman Dairy Road, Liberty, NC 27298
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.71 acre lot near upcoming Toyota Battery Manufacturing Plant.
    Where is this commercial land located?
    The property is located at Bulb Road Liberty, NC.
    What is the asking price?
    The asking price for this property is $513,000.
    What are key features of this property?
    This property features: Located directly across from the upcoming Toyota Battery Manufacturing Plant.; 1.71 acre lot size (adjustable).; Opportunity to capitalize on anticipated economic boom due to Toyota's investment.
    (919) 548-1404
    We can help!
    Listing Contact
    Billy F Williams
    Real Estate License ID: 265214
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!