Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Highway 70 Title is generated by Realmo AI

    1100 Sunburst Drive, Goldsboro, NC 27534

    View on Map
    Claim this Listing
    For Sale
    $425,000

    Commercial property near highway, retail, and hospitality.

    Type:Land / Industrial
    Property size:
    57,064 SF
    Lot size:
    1.31 Acres
    Price / SF:
    $7/SF
    Added:
    Jul 1, 2024
    Days on Market:
    701
    Last Refresh:
    Mar 13 at 11:51 am

    Property Features for 1100 Sunburst Drive

    General Information

    Standard status
    Active
    Size
    57,064 SF
    Lot size
    1.31 Acres
    Property subtype
    Land / Industrial

    We can help!

    Listing Contact
    Tessa C Denton

    Listing agent Tessa C Denton License #350291

    Listing office RE/MAX Complete

    Listing date Jul 1, 2024

    Source Compass

    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 RE/MAX Complete

    HighLights

    • Prime commercial property with high visibility from Hwy 70
    • Close proximity to Wal‑Mart
    • Convenient access to restaurants
    • Near hotels
    • Ideal location for commercial ventures
    • High traffic area

    Overview

    This commercial property offers visibility from Highway 70 and is located in close proximity to a Wal-Mart, restaurants, and hotels. The property has a size of 57064 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.941367
    Latitude
    35.38515

    Nearby Similar for Sale

    • $215,000
      572 SF

      Goldsboro Restaurant with Parking Lot

      Fully operational restaurant with equipment, building, and parking lot.
      415 S John Street, Goldsboro, NC 27530
      View Details
    • $159,900
      1,400 SF

      Goldsboro Commercial Property For Sale

      Versatile commercial property in downtown Goldsboro suitable for various business uses.
      121 N James Street, Goldsboro, NC 27530
      View Details
    • $995,000
      4,650 SF

      Established Medical Offices For Sale

      Medical offices at busy intersection, could convert to business offices.
      2902 Central Heights Rd, Goldsboro, NC 27534
      View Details
    • $215,000
      572 SF

      Quick Serve Food Stand Opportunity

      Fully equipped, operational walk-up restaurant near Wayne County courthouse.
      415 John St, Goldsboro, NC 27530
      View Details
    • $168,500
      1,491 SF

      Goldsboro Commercial Property For Sale

      Commercial property near downtown Goldsboro with recent updates and ample parking.
      401 N James Street, Goldsboro, NC 27530
      View Details
    • $550,000
      3,461 SF

      Goldsboro Mixed-Use Commercial Property

      Turnkey restaurant, apartment, and flex space for sale.
      246 N Carolina 581, Goldsboro, NC 27530
      View Details
    • $425,000
      2,370 SF

      Goldsboro Retail Plaza For Sale

      Two-tenant plaza with hair salon and redevelopment potential in Goldsboro.
      698 E New Hope Road, Goldsboro, NC 27534
      View Details
    • $4,200,000

      Goldsboro Land For Sale

      7.73 acre commercial land with development potential in Goldsboro, NC.
      2305 U.S. 13, Goldsboro, NC 27354
      View Details
    • $320,000

      Goldsboro Corner Development Opportunity

      0.89-acre corner lot ideal for commercial or residential development.
      515 S Slocumb Street, Goldsboro, NC 27530
      View Details
    • $569,000

      Residential Land in Walnut Creek

      8.17 acres in Walnut Creek subdivision, Goldsboro, NC.
      511 Village Drive, Goldsboro, NC 27534
      View Details
    • $199,900

      Goldsboro Commercial Land For Sale

      Prime commercial land available in Goldsboro, North Carolina.
      2405 Wayne Memorial Drive, Goldsboro, NC 27534
      View Details
    • $449,000
      1,242 SF

      Goldsboro Redevelopment Site For Sale

      0.60-acre redevelopment site with retail potential near Food Lion.
      549 E New Hope Road, Goldsboro, NC 27534
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property near highway, retail, and hospitality.
    Where is this commercial land located?
    The property is located at 1100 Sunburst Drive Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Prime commercial property with **high visibility from Hwy 70**; Close proximity to Wal‑Mart; Convenient access to restaurants
    (252) 560-6750
    We can help!
    Listing Contact
    Tessa C Denton
    Real Estate License ID: 350291
    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

    Thank You for Inquiry
    1100 Sunburst Drive, Goldsboro, NC 27534
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!