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
    The Largest CRE Database in the US with Over 1 Million Listings

    8957 Nc 96 Hwy Benson, NC 27504

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $799,999

    Vacant warehouse, great renovation potential.

    Property Features for 8957 Nc 96 Hwy

    General Information

    Property type
    Industrial properties
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Regan Horgan

    Listing Agency: Keller Williams Legacy Listing Agent: Regan Horgan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This 3-acre Johnston County industrial property at 8957 S NC 96 Highway, Benson, NC, is listed at $799,999. Currently vacant, this warehouse presents a unique opportunity for owner-operators seeking a renovation project. Priced significantly below replacement cost, this property offers substantial upside potential. The building previously served as agricultural warehousing, featuring four drive-in doors and a 20-foot ceiling clearance. The existing structure provides a solid foundation for a variety of industrial uses, with endless possibilities for renovation and customization to suit specific business needs. The property's ample 3-acre lot allows for expansion or additional outdoor storage. A well water source is already on-site, providing a cost-effective water solution. This is an exceptional opportunity to acquire a well-located industrial property in Johnston County at a highly competitive price, ideal for those seeking a hands-on project with significant return potential. The property is currently vacant and ready for immediate occupancy and renovation. Act quickly to secure this prime industrial asset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Benson
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.45619
    Latitude
    35.31804

    Nearby Similar for Sale

    • Contact for pricing
      270,734 SF

      Pad Ready Manufacturing Facility

      270,734 SF pad ready for manufacturing, permits in hand.
      1230 Chicopee Rd, Benson, NC 27504
      View Details
    • $599,900
      17.90 Acres

      Pasture and Woods Land Parcel

      17.90-acre tract with pasture and woods, suitable for farming.
      Beasley Rd, Benson, NC 27504
      View Details
    • $899,900
      8,340 SF

      Benson Historic Inn & Venue

      Elegant B&B, Wedding Venue, Fully Equipped
      201 Hill St, Benson, NC 27504
      View Details
    • $459,000
      1.00 Acre

      Benson Commercial Property - Huge Potential

      Versatile building, large yard, highway access.
      1251 Sanders Rd, Benson, NC 27504
      View Details
    • $1,200,000
      8.19 Acres

      Benson Commercial Land Opportunity

      8.19 Acres, High-Growth Potential
      871 Pleasant Coates Rd, Benson, NC 27504
      View Details

    FAQs

    What type of property is this?
    Industrial property - Vacant warehouse, great renovation potential.
    Where is this industrial property located?
    The property is located at 8957 Nc 96 Hwy Benson, NC.
    What is the asking price?
    The asking price for this property is $799,999.
    (919) 439-2105
    Request Owner's contact information
    8957 Nc 96 Hwy Benson, NC 27504
    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.
    8957 Nc 96 Hwy
    Benson, NC 27504
    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
    8957 Nc 96 Hwy Benson, NC 27504
    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
    Regan Horgan
    (919) 439-2105
    Learn more
    Google sign-in failed. Please try again or use another login method.