Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Tbd Kennedy St Wilkesboro, NC 28697

    Sponsored
    For Sale
    $200,000

    Prime Retail Lot near new hotels & dealership. High traffic, great visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    349
    This exceptional 0.84-acre retail lot presents a unique investment opportunity in Wilkesboro, NC. Strategically located adjacent to the soon-to-open Marriott TownePlace Suites and Fairfield Inn hotels, this property benefits from the high traffic and visibility associated with these major developments. Its proximity to the new Randy Marion Chrysler Dodge Jeep Ram dealership on Highway 421 and Dancy Road further enhances its appeal to potential businesses. The lot offers excellent exposure to the significant traffic flow on Highway 421, providing unparalleled visibility for any commercial enterprise. This location offers a compelling alternative to higher-priced frontage lots, making it an exceptionally cost-effective option for businesses seeking a prominent presence in a rapidly developing area. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and return on investment. This is a rare opportunity to secure a prime retail lot in a thriving location at a competitive price point. Don't miss out on this chance to establish your business in a high-traffic area with exceptional visibility and proximity to major developments. The property is priced at $200,000. The address is TBD Kennedy Street, Wilkesboro, NC.

    Property Features for Tbd Kennedy St

    General Information

    Property type
    Retail properties
    Lot Size
    36,590 SF

    We can help!

    Listing Contact
    Barry Bush

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Wilkesboro
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.20208
    Latitude
    36.14998

    Nearby Similar for Sale

    • New
      $249,000
      2.80 Acres

      Wilkesboro Commercial Investment Property

      Commercial property near Highway 421, zoned B-2, with long-term viability.
      4436 Us Highway 421, Wilkesboro, NC 28697
      View Details
    • $699,900
      2,800 SF

      Versatile Industrial Property in Wilkesboro

      Multi-use property suitable for manufacturing, warehousing, retail, and agriculture.
      610 Bethany Church Rd, Wilkesboro, NC 28697
      View Details
    • $179,000
      880 SF

      Income-Producing Property on US Hwy 421

      0.93 acre property with income-producing building between Wilkesboro and Boone.
      9140 W Us Highway 421, Wilkesboro, NC 28697
      View Details
    • $199,000

      Income-Producing Property on US Hwy 421

      0.93 acre property with income-producing building between Wilkesboro and Boone.
      9140 Wilkesboro Blvd, Wilkesboro, NC 28697
      View Details
    • $1,250,000
      2,614 SF

      Wilkesboro Restaurant/Retail Opportunity For Sale

      Recently renovated restaurant/retail space with ample parking and highway access.
      513 Curtis Bridge Rd, Wilkesboro, NC 28697
      View Details
    • $995,000
      4.32 Acres

      Wilkesboro Commercial Land Investment

      High-traffic B-2 zoned land, excellent visibility.
      Tbd Minton Rd, Wilkesboro, NC 28697
      View Details
    • $750,000
      11.77 Acres

      Wilkesboro R-6 Multifamily Land

      11.77 Acres, High-Density Zoning, Apartment Potential.
      914 Winkler Mill Rd, Wilkesboro, NC 28697
      View Details
    • $2,000,000
      3.51 Acres

      Prime Wilkesboro Retail Land

      High-visibility, ready-to-build retail site.
      0000 Minton Rd, Wilkesboro, NC 28697
      View Details
    • $2,000,000
      22.07 Acres

      Wilkesboro Commercial Land Investment

      22 Acres, Highway 421 Frontage
      3677 Es, Wilkesboro, NC 28697
      View Details
    • $450,000

      Wilkesboro Investment Property: Prime Location

      High-return potential, Wilkesboro, NC.
      1303 Curtis Bridge Rd, Wilkesboro, NC 28697
      View Details
    • $158,000
      13.10 Acres

      Wilkesboro Industrial Land - 13 Acres

      Prime 13-acre industrial site, excellent location.
      Industrial Park Rd, Wilkesboro, NC 28697
      View Details
    • $900,000

      610 Bethany Church Rd, Wilkesboro, NC 28697

      Industrial properties
      610 Bethany Church Rd, Wilkesboro, NC 28697
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail Lot near new hotels & dealership. High traffic, great visibility.
    Where is this retail property located?
    The property is located at Tbd Kennedy St Wilkesboro, NC.
    What is the asking price?
    The asking price for this property is $200,000.
    (336) 667-8002
    Request Owner's contact information
    Tbd Kennedy St Wilkesboro, NC 28697
    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.
    Tbd Kennedy St
    Wilkesboro, NC 28697
    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
    Tbd Kennedy St Wilkesboro, NC 28697
    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

    We can help!
    Listing Contact
    Barry Bush
    (336) 667-8002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.