Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    259 S Old Raleigh Rd, Unit Thomasville Thomasville, NC 27360

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $36,000

    Corner lot with water and sewer access, ready for development.

    Lot size:
    0.40 Acres

    Property Features for 259 S Old Raleigh Rd

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres

    We can help!

    Listing Contact
    Heather Weathers
    Source: Corcoran

    Listing Agent: Heather Weathers

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

    Learn more

    Property Insight Report

    Overview

    Buildable Corner Lot with Utilities

    This corner lot offers access to water and sewer, presenting opportunities for investors or homeowners. It is suitable for a buildable project or designing a custom home. Additional lots are available as a package deal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.0650444
    Latitude
    35.8583999

    Nearby Similar for Sale

    • $759,000
      1,865 SF

      Updated Office Space in Thomasville

      Updated office with lobby, conference room, and parking.
      4217 Meadowbrook View Rd, Thomasville, NC 27360
      View Details
    • $199,000
      Pending

      Thomasville Duplex: Investor Opportunity

      Charming, updated duplex in Thomasville, NC, ideal for investors.
      600 Clay St, Thomasville, NC 27360
      View Details
    • New
      $174,900
      0.47 Acres

      Thomasville Triplex Ready for TLC

      Triplex in Thomasville, NC, with prime possibilities for investors.
      407 Davidson St, Thomasville, NC 27360
      View Details
    • $2,500,000
      7,000 SF

      Turnkey Wedding and Event Venue

      Fully operational wedding and event venue in historic Thomasville, NC.
      17 E Main St, Thomasville, NC 27360
      View Details
    • $399,900

      Thomasville Retail and Auto Property

      Retail and auto property in Thomasville, North Carolina for sale.
      620 National Hwy, Thomasville, NC 27360
      View Details
    • $599,000
      11,945 SF

      Manufacturing and Distribution Space Available

      12,000 SF manufacturing/distribution space on 1.49 acres for sale.
      101 Trexler Ave, Thomasville, NC 27360
      View Details
    • $299,900

      Versatile Building on 2.32 Acres

      Commercial building suitable for various uses, subject to county approval.
      125 Rickard Rd, Thomasville, NC 27360
      View Details
    • $400,000

      Versatile Commercial Space For Sale

      2,800+ sq ft flexible commercial space with new roof.
      211 A And B National Hwy, Thomasville, NC 27360
      View Details
    • $949,000
      30,524 SF

      Thomasville Industrial Facility For Sale

      30,524 SF industrial building with warehouse and manufacturing space.
      119 Washboard Rd, Thomasville, NC 27360
      View Details
    • $265,000

      Day Care Center with Pool

      C1 zoned property with kitchen, office, two bathrooms, pool.
      719 Fisher Ferry St, Thomasville, NC 27360
      View Details
    • $299,000
      2,400 SF

      New Service Garage with Bays

      New service garage with three bays in Thomasville, NC.
      200 Martin Luther King Jr Dr, Thomasville, NC
      View Details
    • $200,000

      Former Day Care Center Available

      Day care center with kitchen, office, and C1 zoning.
      944 Fisher Ferry St, Thomasville, NC 27360
      View Details

    FAQs

    What type of property is this?
    Land - Corner lot with water and sewer access, ready for development.
    Where is this land located?
    The property is located at 259 S Old Raleigh Rd, Unit Thomasville Thomasville, NC.
    What is the asking price?
    The asking price for this property is $36,000.
    What are key features of this property?
    This property features: - Water and sewer access readily available.; - Prime corner lot location.; - Suitable for investors or homeowners looking to build.
    (888) 584-9431
    Request Owner's contact information
    259 S Old Raleigh Rd, Unit Thomasville Thomasville, NC 27360
    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.
    259 S Old Raleigh Rd, Unit Thomasville
    Thomasville, NC 27360
    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
    259 S Old Raleigh Rd, Unit Thomasville Thomasville, NC 27360
    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

    We can help!
    Listing Contact
    Heather Weathers
    (888) 584-9431
    Learn more
    Google sign-in failed. Please try again or use another login method.