Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lenoir Corner Lot on Highway Title is generated by Realmo AI

    1437 Wilkesboro Boulevard, Lenoir, NC 28645

    View on Map
    Claim this Listing
    For Sale
    $375,000

    Vacant corner lot zoned B-2 with road frontage.

    Type:Commercial
    Added:
    Dec 20, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 5 at 9:17 pm

    Property Features for 1437 Wilkesboro Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    9999

    We can help!

    Listing Contact
    DEBORAH MURRAY

    Listing agent DEBORAH MURRAY

    Listing office BERKSHIRE HATHAWAY HOMESERVICES BLUE RIDGE REALTORS

    Listing date Dec 20, 2025

    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 BERKSHIRE HATHAWAY HOMESERVICES BLUE RIDGE REALTORS

    HighLights

    • Zoned B‑2 for business, offering versatile commercial use.
    • High visibility corner lot on Highway 18 (Wilkesboro Blvd) with nearly 300 feet of road frontage.
    • Strategic location: 1.75 miles from the region's busiest intersection (US Hwy 321 & Smith Crossroads).
    • Proximity to Hibriten High School entrance (less than 0.25 miles).
    • Utilities available: City water and sewer (with tap fees), Duke Energy, and Piedmont Gas.
    • Mostly cleared and relatively flat site, simplifying development.

    Overview

    This vacant corner lot in Lenoir is zoned B-2 and located on Highway 18 (Wilkesboro Blvd), offering nearly 300 feet of road frontage. The site is situated approximately 1.75 miles from Smith Crossroads at US Highway 321. It is also located less than 0.25 miles from the entrance to Hibriten High School. City water and sewer are available with tap fees. Duke Energy and Piedmont Gas also serve the site. The lot is mostly cleared and relatively flat, making it suitable for a convenience store, business professional site, or retail service location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.4978
    Latitude
    35.9293

    Nearby Similar for Sale

    • $989,000
      4,600 SF

      Lenoir Land with Creek & Barn

      81-acre property with creek, cabin, and large barn.
      81 +/- Acres 2967 Roby Martin Road, Lenoir, NC 28645
      View Details
    • $500,000

      Lenoir Office Building For Sale

      Prime office building in Lenoir's thriving business district.
      420 Harper Avenue NW, Lenoir, NC 28645
      View Details
    • $379,900

      Lenoir Land with Mountain Views

      4.53 acre property with panoramic mountain views.
      Rocky Falls Lane lot: 161/162, Lenoir, NC 28645
      View Details
    • $95,000

      Lenoir NC Wooded Retreat Land

      20-acre wooded retreat with stream in gated community.
      3308 Valley Drive, Lenoir, NC 28645
      View Details
    • $309,000

      Equestrian Parcel in Gated Community

      12.49-acre equestrian parcel in gated community with riding trails.
      2093 Thoroughbred Way, Lenoir, NC 28645
      View Details
    • $119,900

      Lenoir Land with Mountain Views

      3+ acre homesite in gated mountain community with amenities.
      Johns Ridge Parkway lot: 104, Lenoir, NC 28645
      View Details
    • $120,000

      Lenoir Acreage with Mountain Views

      10.09 acres in Lenoir, NC, with mountain view potential.
      Blowing Rock Boulevard, Lenoir, NC 28645
      View Details
    • $159,900

      Land in Equestrian Community

      2.47 acre lot in The Coves Mountain River Club.
      Thoroughbred Way, Lenoir, NC 28645
      View Details
    • $29,999

      Blue Ridge Mountain Land

      1.68 acre lot in gated mountain community.
      Rocky Falls Lane lot: 148, Lenoir, NC 28645
      View Details
    • $34,900

      Lenoir Mountain Homesite Opportunity

      1.87-acre homesite in The Coves Mountain River Club.
      4420 Walnut Ridge Drive, Lenoir, NC 28645
      View Details
    • $20,000

      Two Acre Vacant Land

      Two acre vacant land in The Coves Mountain River Club.
      Round Rock Road, Lenoir, NC 28645
      View Details
    • $320,000

      Four-Unit Residential Income Property

      Four-unit income property with a 2023 roof and window HVAC; three kitchens plus one unit without a kitchen.
      1101 College Avenue SW, Lenoir, NC 28645
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant corner lot zoned B-2 with road frontage.
    Where is this commercial land located?
    The property is located at 1437 Wilkesboro Boulevard Lenoir, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Zoned B‑2 for business, offering versatile commercial use.; High visibility corner lot on Highway 18 (Wilkesboro Blvd) with nearly 300 feet of road frontage.; Strategic location: 1.75 miles from the region's busiest intersection (US Hwy 321 & Smith Crossroads).
    (828) 438-3660
    We can help!
    Listing Contact
    DEBORAH MURRAY
    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
    1437 Wilkesboro Boulevard, Lenoir, NC 28645
    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!