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    200 Techcon Way Pollocksville, NC 28573

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    For Sale
    $490,000

    Well-maintained office and manufacturing building with expansion potential.

    Property size:
    3,600 SF
    Lot size:
    2.87 Acres

    Property Features for 200 Techcon Way

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    2.87 Acres

    Building Details

    Year built
    2015

    We can help!

    Listing Contact
    Jason Sanderson
    Source: Exitrealty

    Listing Agency: SellingNorthCarolina.com Listing Agent: Jason Sanderson

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

    Learn more

    Overview

    Modern Office/Manufacturing Building on Acreage

    Constructed around 2015, this 3,600 square foot office building has been used to operate Technical Control Consultants LLC. The interior is in immaculate condition. The downstairs area features a foyer, a reception area with a sliding glass window, a men's and women's bathroom, and a breakroom equipped with a sink, kitchen cabinets, and a refrigerator. A large, approximately 26-foot conference room includes a projector screen. One office is located downstairs, along with the reception area, breakroom, and conference room. The upstairs area comprises three offices, two walk-in storage closets, and a work/break area with base and wall cabinets. Two larger rooms upstairs have been used as classrooms but can serve as larger offices. Situated on a 2.88-acre commercial lot in the Jones County Industrial area, the property offers cleared space suitable for various uses, including construction or manufacturing. A paved parking lot is located in the front, and a large rock parking lot in the back provides ample space for turning a tractor-trailer around. The property offers many possibilities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Pharmacy Department Store Food Market Kitchen & Bath Showroom Storage Facility HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pollocksville
    County
    Jones
    State
    North Carolina
    Longitude
    -77.2132
    Latitude
    35.0096

    Nearby Similar for Sale

    • $490,000
      3,600 SF

      Pollocksville Industrial Building For Sale

      Spacious industrial building, 2.87 acres. Great location.
      200 Techcon Way, Pollocksville, NC 28573
      View Details
    • $349,000
      3,000 SF

      Prime Pollocksville Commercial Land

      1-Acre Lot, 3,000 sq ft building, great potential.
      9041 Us Highway 17, Pollocksville, NC 28573
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office and manufacturing building with expansion potential.
    Where is this office building located?
    The property is located at 200 Techcon Way Pollocksville, NC.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Built in 2015, this building is relatively new and in immaculate condition.; - Located on a 2.88-acre commercial lot in the Jones County Industrial area, suitable for various businesses.; - Features a large conference room with a projector screen, ideal for business meetings.
    (252) 649-2863
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    Pollocksville, NC 28573
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    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
    200 Techcon Way Pollocksville, NC 28573
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    We can help!
    Listing Contact
    Jason Sanderson
    Real Estate License ID: 213455
    (252) 649-2863 (252) 672-2964
    Learn more
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