Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Knightdale Station Title is generated by Realmo AI

    8000 Knightdale Blvd, Knightdale, NC 27545

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land near retail, residential, and recreational development.

    Type:Land
    Added:
    Nov 14, 2016
    Days on Market:
    3476
    Last Refresh:
    May 19 at 8:38 pm

    Property Features for 8000 Knightdale Blvd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Mike Peebles

    Listing agent Mike Peebles License #NC 77879

    Listing office Peebles Commercial Realty

    Listing date Nov 14, 2016

    Source Crexi

    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 Peebles Commercial Realty

    HighLights

    • Located next to Knightdale Station, a new development of 800+ homes.
    • Adjacent to the 76‑acre Town of Knightdale Park.
    • Proximity to YMCA Aquatic Center and Thales Academy.
    • Near Lowe’s Home Improvement, Big Lots, restaurants, and shops.
    • High potential for increased property value due to surrounding developments.
    • Convenient access to amenities and services.

    Overview

    This commercial land is located near Lowe’s Home Improvement, Big Lot’s, restaurants, and shops. It is situated next to Knightdale Station, a new development planned for over 800 homes upon completion. The property is also near the YMCA Aquatic Center and Thales Academy, and it is adjacent to the 76-acre Town of Knightdale Park.
    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
    Knightdale
    County
    Wake
    State
    North Carolina
    Longitude
    -78.462481
    Latitude
    35.805614

    Nearby Similar for Sale

    • $1,600,000
      2,568 SF

      Knightdale Commercial Land For Sale

      1.16 acre HB zoned lot near Downtown North development.
      7317 Knightdale Boulevard, Knightdale, NC 27545
      View Details
    • $135,000

      3 Acres Wooded Land

      3 acres of wooded land backing up to Neuse River.
      217 Neuse River Parkway, Knightdale, NC 27545
      View Details
    • $2,000,000

      Knightdale Land For Sale

      3.7 acres on corner lot with road frontage.
      1937 Hodge Road, Knightdale, NC 27545
      View Details
    • $1,500,000

      Knightdale Land Development Opportunity

      13 acre land parcel in rapidly growing Knightdale, NC.
      Old Ferrell Road, Knightdale, NC 27545
      View Details
    • $650,000
      6 SF

      Knightdale Raw Land For Sale

      6.48 acres of raw land with development potential.
      0 S. Smithfield Road, Knightdale, NC 27545
      View Details
    • $371,990
      2,189 SF

      Spacious Townhome with Modern Amenities

      Four-bedroom, three-story townhome with community amenities near Raleigh.
      1327 Hazelnut Ridge Lane 179, Knightdale, NC 27545
      View Details
    • $895,000

      Commercial Lot on Knightdale Boulevard

      Highly visible commercial lot with redevelopment potential on Knightdale Boulevard.
      7716 Knightdale, Knightdale, NC 27545
      View Details
    • $1,375,000
      2 SF

      Knightdale Land For Sale

      Land for sale in Knightdale, NC, zoned Neighborhood Mixed-Use.
      0 Big Oak Ct, Knightdale, NC 27545
      View Details
    • $895,000

      Commercial Lot on Knightdale Boulevard

      Highly visible commercial lot with redevelopment potential on major thoroughfare.
      7716 Knightdale, Knightdale, NC 27545
      View Details
    • $5,250,000
      32 SF

      Knightdale Land Parcel For Sale

      32.69-acre site near future I-540 intersection in Knightdale, NC.
      4800 Clifton Road, Knightdale, NC 27545
      View Details
    • $1,100,000

      Corner Property Near Fire Station

      Commercial property with high visibility and potential for various businesses.
      7416 Forestville Road, Knightdale, NC 27545
      View Details
    • $2,500,000

      Knightdale Vacant Land For Sale

      4.39 acre vacant parcel with utilities in Knightdale, NC.
      704 Old Knight Road, Knightdale, NC 27545
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land near retail, residential, and recreational development.
    Where is this commercial land located?
    The property is located at 8000 Knightdale Blvd Knightdale, NC.
    What is the asking price?
    The asking price for this property is $1,370,000.
    What are key features of this property?
    This property features: Located next to Knightdale Station, a new development of 800+ homes.; Adjacent to the 76‑acre Town of Knightdale Park.; Proximity to YMCA Aquatic Center and Thales Academy.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Peebles
    Real Estate License ID: NC 77879
    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
    8000 Knightdale Blvd, Knightdale, NC 27545
    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!