Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Event Venue For Sale Title is generated by Realmo AI

    24 Douglas Williams, Louisburg, NC 27549

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    4800 Sq Ft event space perfect for weddings and celebrations.

    Property size:
    4,800 SF
    Lot size:
    9.38 Acres
    Price / SF:
    $250/SF
    Added:
    Mar 11, 2026
    Days on Market:
    63
    Last Refresh:
    Mar 16 at 11:01 am

    Property Features for 24 Douglas Williams

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Lot size
    9.38 Acres

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    TOM MABREY

    Listing agent TOM MABREY

    Listing office KELLER WILLIAMS LEGACY

    Listing date Mar 11, 2026

    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 KELLER WILLIAMS LEGACY

    HighLights

    • 4800 sq ft event space suitable for various events
    • 9.38 acres of land with expansion/subdivision potential
    • Full caterer's kitchen and outdoor BBQ area
    • Bridesmaid suite with full bath/shower and salon amenities
    • Grooms den with full bathroom
    • Outdoor covered patio with seating and covered band stand

    Overview

    This 4-year-new, 4800 sq ft venue space is located outside of Louisburg, NC. It is suitable for weddings, quinceañeras, memorial celebrations, public meetings, conferences, club meetings, and more. The property includes ample parking, a covered outdoor patio with seating, a covered bandstand, a full caterer's kitchen, an outdoor BBQ area, a fire pit, and a large storage shed. It also features a full sound system, multiple TV screens, and a bar stand. The venue offers a bridesmaid suite with a full bath/shower, salon chair with hair wash sink, and makeup center, as well as a groom's den with a full bathroom. Situated on 9.38 acres of land at the corner of Douglas Williams and Baldy Murphy Roads, the property presents expansion or subdivision possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miles Magnolia Wedding Service

    Suggested Use

    Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.148029
    Latitude
    36.151475

    Nearby Similar for Sale

    • $104,900

      Turnkey Lake Royale Retreat

      Move-in ready Lake Royale retreat with complete utilities and RV.
      105 Red Oak Drive, Louisburg, NC 27549
      View Details
    • $169,900

      Woodland Park Home Near Lake

      Like-new park model home in Lake Royale community.
      112 Mustang Drive, Louisburg, NC 27549
      View Details
    • $89,900

      Lake Royale Camp Lot

      Camp lot with amenities in Lake Royale gated community.
      105 Big Horn Drive, Louisburg, NC 27549
      View Details
    • $89,900

      Lake Royale Waterfront Land

      Waterfront land with camper and kayaks at Lake Royale.
      1507 Sagamore Drive, Louisburg, NC 27549
      View Details
    • $199,900

      Lake Royale Tiny Home and Lot

      Tiny home in gated community with lake access and amenities.
      111-113 Red Oak Drive, Louisburg, NC 27549
      View Details
    • $500,000
      4,680 SF

      Multi-Business Opportunity on 10 Acres

      Former convenience store, laundromat, and car wash on 10 acres.
      750 Edward Best, Louisburg, NC 27549
      View Details
    • $16
      11,000 SF

      Downtown Louisburg Office Space Available

      2,063 SF office space with visibility on US 401.
      216 N Bickett Blvd, Louisburg, NC 27549
      View Details
    • $254,900

      Lake Royale Get-Away Retreat

      Renovated lakefront retreat with modern amenities and lake access.
      1607 Sagamore, Louisburg, NC 27549
      View Details
    • $180,000
      1,905 SF

      Commercial Property in Louisburg, NC

      Commercial property zoned for neighborhood business, suitable for various uses.
      4586 Nc 39 N, Louisburg, NC 27549
      View Details
    • $950,000
      18,610 SF

      64-Bed Senior Living Facility

      Vacant 64-bed senior living facility with commercial kitchen.
      361 Leonard Road, Louisburg, NC 27549
      View Details
    • $50,000

      Lake Royale Golf Course Opportunity

      18-hole golf course with pro shop, restaurant, and lakeside amenities.
      118 Rustler, Louisburg, NC 27549
      View Details
    • $89,900

      Lake Royale Camp Lot For Sale

      Camp lot in gated community with lake view and amenities.
      105 Big Horn, Louisburg, NC 27549
      View Details

    FAQs

    What type of property is this?
    Wedding venue - 4800 Sq Ft event space perfect for weddings and celebrations.
    Where is this wedding venue located?
    The property is located at 24 Douglas Williams Louisburg, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 4800 sq ft event space suitable for various events; 9.38 acres of land with expansion/subdivision potential; Full caterer's kitchen and outdoor BBQ area
    (919) 439-2105
    We can help!
    Listing Contact
    TOM MABREY
    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
    24 Douglas Williams, Louisburg, NC 27549
    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!