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

    57 Us Highway 64 Plymouth, NC 27962

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    1.36 Acres, Prime Location, $150,000

    Property Features for 57 Us Highway 64

    General Information

    Property type
    Other commercial real estate
    Lot Size
    59,242 SF

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Tim Mordecai

    Listing Agency: The Rich Company Listing Agent: Tim Mordecai

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.36-acre commercial parcel presents a unique investment opportunity in the thriving town of Plymouth, North Carolina. Located at 57 E US Highway 64 E, this property boasts high visibility and excellent accessibility, making it ideal for a wide range of commercial ventures. The expansive lot offers ample space for development, allowing for significant flexibility in design and construction. Its strategic location along a major highway ensures high traffic volume and prominent exposure to potential customers. The property's versatility makes it suitable for various uses, from retail establishments and restaurants to light industrial facilities or office spaces. This is a rare chance to acquire a substantial piece of land in a growing community with strong potential for future appreciation. The asking price of $150,000 represents a compelling value for this prime commercial real estate. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment opportunity. The property is currently vacant and ready for immediate development, offering a streamlined path to realizing your commercial vision. Its location provides easy access to local amenities and a strong workforce, further enhancing its appeal to prospective businesses. Don't miss this chance to own a piece of Plymouth's commercial future. Contact us today to schedule a viewing and discuss the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Washington
    State
    North Carolina
    Longitude
    -76.74444
    Latitude
    35.85942

    Nearby Similar for Sale

    • New
      $199,000
      34.30 Acres

      Plymouth, NC Land For Sale

      34.3 acres of land available in Plymouth, North Carolina.
      Mcnair Rd, Plymouth, NC 27962
      View Details
    • New
      $55,000
      Pending

      Plymouth, NC Land Available

      33.42 acres of land for sale in Plymouth, NC.
      Pintail Ln, Plymouth, NC 27962
      View Details
    • $1,135,872
      3,886 SF

      Net Leased Investment Opportunity

      Net leased medical office building with long-term tenant.
      795 Us-64, Plymouth, NC
      View Details
    • Contact for pricing
      2,576 SF

      Speedway Gas Station Investment Opportunity

      NNN leased Speedway with rental increases in Plymouth, North Carolina.
      630 Us Highway 64 E, Plymouth, NC 27962
      View Details
    • $1,135,872
      3,886 SF

      Net-Leased Medical Office in NC

      High-yield, 10-year lease, renovated medical building.
      795 Us Highway 64, Plymouth, NC 27962
      View Details
    • $395,900
      3,300 SF

      Plymouth Waterfront Commercial Space

      3,300 sq ft Plymouth, NC Business Opportunity
      108 Water St St, Plymouth, NC 27962
      View Details
    • $100,000
      10.94 Acres

      10.94 Acre Plymouth, NC Land

      Prime undeveloped land, excellent investment opportunity.
      806 Nc 32 Hwy, Plymouth, NC 27962
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 1.36 Acres, Prime Location, $150,000
    Where is this commercial real estate located?
    The property is located at 57 Us Highway 64 Plymouth, NC.
    What is the asking price?
    The asking price for this property is $150,000.
    (252) 946-8021
    Request Owner's contact information
    57 Us Highway 64 Plymouth, NC 27962
    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.
    57 Us Highway 64
    Plymouth, NC 27962
    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
    57 Us Highway 64 Plymouth, NC 27962
    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
    Tim Mordecai
    (252) 946-8021
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!