Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multi-Family Zoned Land Available Title is generated by Realmo AI

    6001 Burlington Rd, Gibsonville, NC 27249

    View on Map
    Claim this Listing
    For Sale
    $1,890,000

    13.25 acres of multi-family zoned land for development.

    Lot size:
    13.25 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    686
    Last Refresh:
    May 27 at 10:37 am

    Property Features for 6001 Burlington Rd

    General Information

    Standard status
    Active
    Lot size
    13.25 Acres

    We can help!

    Listing Contact
    sara Clark

    Listing agent sara Clark

    Listing office LEWIS & CLARK, REALTORS

    Listing date Jul 15, 2024

    Source Exprealty

    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 LEWIS & CLARK, REALTORS

    HighLights

    • 13.25 Acres Zoned Multi‑Family: Ideal for large‑scale residential development.
    • Development Ready: Site is prepared for immediate development upon site plan approval.
    • Water On‑Site/Sewer Available: Essential utilities readily accessible for development.
    • Proximity to PUBLIX® Distribution Facility: Located just 1/4 mile away.
    • Comprehensive Documentation Available: TIP, survey, environmental, and zoning documents provided.
    • Feasibility Information Available: Access to data supporting the viability of the project.

    Overview

    This 13.25-acre site is zoned for multi-family development and is ready to be developed with an approved site plan. Water is available on-site, and sewer access is also available. The property is located approximately a quarter mile from a PUBLIX® Distribution Facility. Supporting documentation, including a TIP report, survey, environmental assessment, and zoning documents, are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Hair Salon Food Market Accounting Firm Grocery & Convenience Store Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gibsonville
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.6392403
    Latitude
    36.0773413

    Nearby Similar for Sale

    • $4,752,000

      Gibsonville Land with Road Frontage

      105.6 acres of land with road frontage in Gibsonville, NC.
      6188 Bethel Church Road, Gibsonville, NC 27249
      View Details
    • $1,811,187

      Gibsonville Land with Road Frontage

      36.963 acres of land with road frontage in Gibsonville.
      6110 & 6146 Bethel Church Road, Gibsonville, NC 27249
      View Details
    • $2,900,000

      80.55 Acres Development Opportunity

      80.55 acres of land in Gibsonville, NC for sale.
      220 Dunn Road, Gibsonville, NC 27249
      View Details
    • $195,000

      Gibsonville Land Tract For Sale

      10+ acre tracts available in Gibsonville, convenient to Greensboro.
      4726 Endwell Road lot: 2, Gibsonville, NC 27249
      View Details
    • $1,811,187

      Gibsonville Land with Pond

      36.96 acres of land featuring a pond.
      6110 & 6146 Bethel Church Road, Gibsonville, NC 27249
      View Details
    • $195,000

      Gibsonville Land Tract For Sale

      10+ acre tracts of rolling land near Greensboro and Burlington.
      4736 Endwell Road lot: 1, Gibsonville, NC 27249
      View Details
    • $4,800,000

      Prime Development Land in Gibsonville

      27.95-acre tract with dual road frontage in high-traffic area.
      563 NC Highway 61 S, Gibsonville, NC 27249
      View Details
    • $375,000

      19.65 Acres Wooded Land Parcel

      19.65 acres of wooded land in growing area.
      4100 High Rock Road, Gibsonville, NC 27249
      View Details
    • $369,001

      Gibsonville Land with Road Frontage

      Land with road frontage near major transportation routes.
      4290 Red Cedar Rd, Gibsonville, NC
      View Details
    • $20,000

      Land Ownership Opportunity

      Land available in a convenient location at an accessible price.
      308 Martingale Drive, Gibsonville, NC 27249
      View Details
    • $35,000

      Land in Gibsonville, NC

      Residential land with creek access, near shopping and I-85.
      Gibsonville, NC 27249
      View Details
    • $195,000

      Endwell Road Land Tract

      10+ acre land tract in Gibsonville, convenient location.
      4736 Endwell Road #Lot 1, Gibsonville, NC 27249
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.25 acres of multi-family zoned land for development.
    Where is this commercial land located?
    The property is located at 6001 Burlington Rd Gibsonville, NC.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: 13.25 Acres Zoned Multi‑Family: Ideal for large‑scale residential development.; Development Ready: Site is prepared for immediate development upon site plan approval.; Water On‑Site/Sewer Available: Essential utilities readily accessible for development.
    (336) 312-5782
    We can help!
    Listing Contact
    sara Clark
    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
    6001 Burlington Rd, Gibsonville, NC
    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!