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

    1316 S NC Highway 61 Whitsett, NC 27377

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,900,000

    40+/- acre industrial tract near Interstates 85/40.

    Type:Land or Vacant Lot
    Lot size:
    40.25 Acres
    Added:
    Apr 19, 2023
    Days on Market:
    1101
    Last Refresh:
    Apr 5 at 9:28 pm

    Property Features for 1316 S NC Highway 61

    General Information

    Standard status
    Active
    Lot size
    40.25 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    GARY HOLMES

    Listing agent GARY HOLMES License #286350

    Listing office COLDWELL BANKER HOWARD PERRY & WALSTON

    Listing date Apr 19, 2023

    Source Corcoran

    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 COLDWELL BANKER HOWARD PERRY & WALSTON

    Overview

    Prime Industrial Land For Sale

    This is a prime tract of land, approximately 40 acres in size, situated about 0.3 miles from Interstates 85/40. The property is zoned LI/MI and falls within the city limits of Burlington. Water and sewer services are planned for the near future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Hotel & Motel Bar & Pub Grocery & Convenience Store Wine and Liquor Store Tattoo & Piercing Shop Restaurant Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitsett
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.5695
    Latitude
    36.0523

    Nearby Similar for Sale

    • $309,900

      Whitsett Gated Estate Lot

      7.04 acre gated estate lot in Whitsett, North Carolina.
      2610 Mackintosh Lake Lane, Whitsett, NC 27377
      View Details
    • $325,000

      Whitsett Land with Flowing Creek

      20.55 acres of serene land in Whitsett, North Carolina.
      6910 Long Meadow Lane, Whitsett, NC 27377
      View Details
    • $120,000

      Whitsett Land Near Future Interstate

      2.42 acre lot near Greensboro and Burlington.
      5438 Wild Turkey Road, Whitsett, NC 27377
      View Details
    • $325,000

      20.55 Acres in Whitsett, NC

      20.55 acres of serene land in Whitsett, North Carolina.
      6910 Long Meadow Lane, Whitsett, NC 27377
      View Details
    • $205,000

      Wooded Land Parcel in Whitsett

      8.74 acre wooded lot near Burlington and Greensboro.
      5430 Wild Turkey Road, Whitsett, NC 27377
      View Details
    • $160,000

      3.5 Acre Whitsett Land Parcel

      Partially wooded 3.5 acre lot in a tranquil country setting.
      5424 Wild Turkey Road, Whitsett, NC 27377
      View Details
    • $63,900

      Homesite in Stoney Creek Golf

      0.37 acre lot in Stoney Creek Golf community.
      706 Golf House Road E, Whitsett, NC 27377
      View Details
    • $4,800,000

      Prime Development Land in Whitsett

      27.95-acre commercial development opportunity in a high-traffic area.
      563 NC Highway 61 S, Whitsett, NC 27377
      View Details
    • $1,100,000

      Expansive Land Near I-40/I-85

      24.54 acres near I-40/I-85 interchange with utilities available.
      1305 ZZ1 Piney Grove Road, Whitsett, NC 27377
      View Details
    • $50,000

      Highway Business Location Land

      0.69 acres, zoned RS-40, high traffic area on Highway 70.
      6498 Burlington Road, Whitsett, NC 27377
      View Details
    • $1,217,600

      Highway Frontage Commercial Land

      15.22 acres with high visibility near major interstates.
      1201 ZZ1 NC Highway 61 S, Whitsett, NC 27377
      View Details
    • $775,000
      1 SF

      Whitsett Land Parcel For Sale

      One acre commercial land parcel with utilities and highway access.
      1205 Rock Creek Dairy Road, Whitsett, NC, 27377
      View Details

    FAQs

    What type of property is this?
    Industrial land - 40+/- acre industrial tract near Interstates 85/40.
    Where is this industrial land located?
    The property is located at 1316 S NC Highway 61 Whitsett, NC.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Prime 40+/- acre tract; Zoned LI/MI (Light Industrial/Mixed Industrial); Located approximately 0.3 miles from Interstates 85/40
    (919) 563-8885
    We can help!
    Listing Contact
    GARY HOLMES
    Real Estate License ID: 286350
    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!