Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Visibility Frontage Land For Rent Title is generated by Realmo AI

    321 Tew Court, Clayton, NC 27520

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    High-visibility land for rent in a rapidly growing submarket.

    Type:Land
    Property size:
    2 SF
    Lot size:
    2.00 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 31 at 8:09 pm

    Property Features for 321 Tew Court

    General Information

    Standard status
    Active
    Size
    2 SF
    Lot size
    2.00 Acres
    Property subtype
    Land

    Spaces For Lease

    at 321 Tew Court Contact us

    We can help!

    Listing Contact
    John Burleson

    Listing agent John Burleson

    Listing office

    Listing date Apr 15, 2026

    Source Cbre

    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 John Burleson

    HighLights

    • Located at the future signalized entrance of a major retail development anchored by Costco & Target
    • High‑visibility frontage with heavy daily traffic
    • Positioned in one of North Carolina’s fastest‑growing submarkets
    • Exceptional population growth
    • Median household income significantly outpacing state averages
    • High discretionary spending

    Overview

    This commercial land offers high-visibility frontage with heavy daily traffic. It is located in one of North Carolina’s fastest-growing submarkets. The property is strategically positioned at the future-signalized entrance of Clayton’s most highly anticipated retail developments, which will be anchored by Costco and Target. The area features exceptional population growth, median household income, and discretionary spending, significantly outpacing state averages. The property size is 2 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.491151
    Latitude
    35.663509

    Nearby Similar for Lease

    • $5,263/Mo
      2,105 SF

      Commercial Space in Clayton, NC

      Neighborhood commercial space available for rent in Clayton, NC.
      627 Guy Road, Clayton, NC 27520
      View Details
    • $2,000/Mo
      1,088 SF

      Downtown Clayton Retail Opportunity

      Stand-alone building suitable for various community-based businesses.
      190 Mill Street, Clayton, NC 27520
      View Details
    • $29 SF/Yr
      10,000 SF

      Medical Office Space For Lease

      Medical office space available near Johnston UNC Health Clayton Hospital.
      29 HealthPark Way, Clayton, NC 27520
      View Details
    • $5,262/Mo
      2,105 SF

      Clayton Office Space For Rent

      Office unit available for lease in Clayton, North Carolina.
      627 Guy Road 200, Clayton, NC 27520
      View Details
    • Contact for pricing

      Medical Office Building Near Downtown

      Two-story medical office building with ground-level entries near downtown.
      890 S Lombard, Clayton, NC 27520
      View Details
    • Contact for pricing

      Retail Space in Flowers Crossroads

      Retail space available in mixed-use development, delivery Q4 2024.
      13 District Way, Clayton, NC 27576
      View Details
    • Contact for pricing
      25,306 SF

      Clayton Flex/Industrial Space Available

      Flex/industrial space available for lease in Clayton, North Carolina.
      3329-3335 Veterans Parkway, Clayton, NC, 27520
      View Details
    • Contact for pricing

      NC Highway 42 Land Lease

      Land available for lease on NC Highway 42.
      2364 NC Highway 42, Clayton, NC 27520
      View Details
    • Contact for pricing
      10,000 SF

      Medical Office Building Near Downtown

      Two-story medical office building near downtown Clayton available for lease.
      890 S Lombard St, Clayton, NC 27520
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Clayton, North Carolina.
      Hwy 42 West, Clayton, NC 27520
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility land for rent in a rapidly growing submarket.
    Where is this commercial land located?
    The property is located at 321 Tew Court Clayton, NC.
    What are key features of this property?
    This property features: Located at the future signalized entrance of a major retail development anchored by Costco & Target; High‑visibility frontage with heavy daily traffic; Positioned in one of North Carolina’s fastest‑growing submarkets
    (919) 831-8244
    We can help!
    Listing Contact
    John Burleson
    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
    321 Tew Court, Clayton, NC, 27520
    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!