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

    719 Martin Luther King Jr Avenue Oxford, NC 27565

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $45,000

    Commercial lot conveniently located near Interstate 85 and downtown.

    Type:General Commercial
    Added:
    Apr 14, 2021
    Days on Market:
    1833
    Last Refresh:
    Apr 1 at 9:33 pm

    Property Features for 719 Martin Luther King Jr Avenue

    General Information

    Standard status
    Active
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Patrick Averette

    Listing agent Patrick Averette

    Listing office Premier Advantage Realty Inc

    Listing date Apr 14, 2021

    Source Xome

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

    All listing content including descriptions, pricing, images are the copyrighted material of Premier Advantage Realty Inc

    Overview

    Commercial Lot Near Interstate 85

    This commercial lot is conveniently located near Interstate 85 and downtown Oxford.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Oxford
    County
    Granville
    State
    North Carolina
    Longitude
    -78.6512
    Latitude
    36.3642

    Nearby Similar for Sale

    • $1,389,499
      4,086 SF

      Equestrian Estate on 25 Acres

      Modern farmhouse estate with equestrian amenities near Durham and Raleigh.
      8660 NC Hwy 96, Oxford, NC 27565
      View Details
    • $100,000

      Cleared Commercial Lots in Oxford

      Two commercial lots in downtown Oxford, suitable for various businesses.
      209 Broad Street, Oxford, NC 27565
      View Details
    • $150,000

      Commercial Lot in Oxford, NC

      Commercial lot near Granville Medical Center, ready to build.
      College Street, Oxford, NC 27565
      View Details
    • $453,825

      Granville County Land Opportunity

      60.5 acre lot suitable for homestead or mini-farm.
      1665 Satterwhite Road, Oxford, NC 27565
      View Details
    • $300,000

      20-Acre Land with Pond

      20-acre tract in Granville County with pond and creek.
      6150 Bob Daniel Road, Oxford, NC 27565
      View Details
    • $197,000
      1,296 SF

      Income-Producing Duplex Near Downtown Oxford

      Fully leased duplex with a 7.80% cap rate.
      230 Maple Drive, Oxford, NC 27565
      View Details
    • $75,000

      Oxford Homesite in McFarland Oaks

      1.65-acre homesite ready for your vision in Oxford, NC.
      5310 Langdon Drive, Oxford, NC 27565
      View Details
    • $130,000

      Oxford Land with Barns

      8.5 acres with barns, septic, and well near Kerr Lake.
      Stagecoach Road, Oxford, NC 27565
      View Details
    • $684,800
      3,428 SF

      Two Custom Homes Bundle

      Two income-producing homes in Oxford, NC, on a quiet cul-de-sac.
      204 & 206 Cardinal Court, Oxford, NC 27565
      View Details
    • $50,000

      Residential Land in Oxford, NC

      2.75-acre lot with septic permit and well.
      8001 Cornwall Road, Oxford, NC 27565
      View Details
    • $199,999

      20 Acre Wooded Land Tract

      20-acre wooded land near Oxford and Henderson, NC.
      Woody, Oxford, NC 27565
      View Details
    • $49,500

      Oxford, NC Land Parcel

      3.70 acre parcel offers privacy and convenience.
      5096 Herbert Henley Road, Oxford, NC 27565
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot conveniently located near Interstate 85 and downtown.
    Where is this commercial land located?
    The property is located at 719 Martin Luther King Jr Avenue Oxford, NC.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Conveniently located near Interstate 85.; Close proximity to downtown Oxford.; Level topography.
    (919) 728-1212
    We can help!
    Listing Contact
    Patrick Averette
    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!