Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Commercial Property on 4.51 Acres Title is generated by Realmo AI

    312 Luther Avenue, Liberty, NC 27298

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,000,000

    4.51 acre industrial commercial property in a sought-after location.

    Lot size:
    4.51 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 16 at 10:57 am

    Property Features for 312 Luther Avenue

    General Information

    Standard status
    Active
    Lot size
    4.51 Acres

    Building Details

    Year Built
    1937

    We can help!

    Listing Contact
    MATT MACLANDERS

    Listing agent MATT MACLANDERS

    Listing office KELLER WILLIAMS ONE

    Listing date Mar 12, 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 ONE

    HighLights

    • Large 4.51‑acre industrial commercial property.
    • Highly sought‑after location with strong investment potential.
    • Flexible industrial use possibilities suitable for various commercial needs.
    • Easy access to major routes, ideal for logistics and distribution.
    • Excellent potential for expansion, establishing operations, or development.
    • Sizable commercial site in a growing area.

    Overview

    This industrial commercial property is situated on 4.51 acres in a desirable location. The expansive site offers potential for investors or businesses seeking to expand, establish operations, or develop in a strategic area. The property is suited for a variety of commercial needs, offering ample space and flexible industrial use possibilities. Its location provides access to major routes, making it suitable for logistics, storage, distribution, or future development. This is a commercial site with potential in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Liberty
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.576847
    Latitude
    35.8614543

    Nearby Similar for Sale

    • $4,000,000
      54,164 SF

      Industrial Property in Liberty, NC

      4.51 acre industrial property in a sought-after location.
      312 Luther Avenue, Liberty, NC 27298
      View Details
    • $1,125,000
      6,237 SF

      New Multifamily Investment Opportunity

      Four-unit multifamily property in downtown Liberty, completed in 2025.
      105 E Highfill Avenue, Liberty, NC 27298
      View Details
    • $450,000
      7,636 SF

      Automotive Retail Space Opportunity

      Versatile automotive retail space on a bustling main road.
      420 Greensboro Street, Liberty, NC 27298
      View Details
    • $118,000

      Wooded Land in Liberty, NC

      Wooded 5.34-acre property, PERC'd for 3-bedroom home.
      Timber Ridge Lake Road, Liberty, NC 27298
      View Details
    • $907,000

      33 Acres Near Toyota Campus

      Land near Toyota Battery Manufacturing campus in Liberty, North Carolina.
      6233 Shiloh Road, Liberty, NC 27298
      View Details
    • $16,000,000
      181,024 SF

      41.7 Acre Industrial Commercial Property

      Industrial commercial property on 41.7 acres near Toyota Megasite.
      1000 E Butler Avenue, Liberty, NC 27298
      View Details
    • $519,900

      Industrial Land Near Mega-Site

      17.36 acres of industrial land with utilities available.
      6988 Kinro Road, Liberty, NC 27298
      View Details
    • $1,000,000

      26-Acre Landholding in Randolph/Guilford County

      26-acre landholding with development potential in a transforming region.
      8794 Old 421 Road, Liberty, NC 27298
      View Details
    • $230,000

      Wooded Land in Guilford County

      10.28 acre wooded lot with road frontage, convenient location.
      7149 Nature Road, Liberty, NC 27298
      View Details
    • $830,000

      31 Acres Near Toyota Plant

      31-acre tract near Toyota Battery plant with easy access.
      Starmount Road, Liberty, NC 27298
      View Details
    • $18,000

      Vacant Land in Liberty, NC

      Residential lot with prior site preparation, priced below tax value.
      200 S Murphy Street, Liberty, NC 27298
      View Details
    • $907,000

      33 Acres Near Toyota Campus

      33 acres in Liberty, NC, near Toyota Battery Manufacturing.
      6233 Shiloh Road, Liberty, NC 27298
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.51 acre industrial commercial property in a sought-after location.
    Where is this commercial land located?
    The property is located at 312 Luther Avenue Liberty, NC.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Large 4.51‑acre industrial commercial property.; Highly sought‑after location with strong investment potential.; Flexible industrial use possibilities suitable for various commercial needs.
    (336) 297-4545
    We can help!
    Listing Contact
    MATT MACLANDERS
    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
    312 Luther Avenue, Liberty, NC 27298
    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!