Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near US 1, VINFast Title is generated by Realmo AI

    30 Lockville Rd, Moncure, NC 27559

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

    Commercial land with existing building near US 1 and VINFast.

    Type:Land
    Property size:
    3,000 SF
    Price / SF:
    $258/SF
    Added:
    Aug 19, 2022
    Days on Market:
    1373
    Last Refresh:
    May 19 at 8:56 pm

    Property Features for 30 Lockville Rd

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Steve Malloy

    Listing agent Steve Malloy License #NC 180496

    Listing office Adcock Real Estate Services

    Listing date Aug 19, 2022

    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 Adcock Real Estate Services

    HighLights

    • Great location: Close proximity to US 1 and the VINFast site.
    • 3,000 sq ft building with 3‑phase power.
    • Sewer access coming as part of the VINFast line.
    • Approximately 600' of road frontage on Old US 1.
    • Currently rented, providing potential immediate income.
    • Tenant can be given 90‑day notice to vacate.

    Overview

    This commercial land is located close to US 1 and the VINFast site. The property includes an existing 3,000 square foot building with 3-phase power, currently rented to an auto service business. The owner intends to provide a 90-day notice to vacate. The location is considered advantageous. Sewer access is upcoming as part of the VINFast line. The property features approximately 600 feet of road frontage on Old US 1. The property is suitable for auto shops, automotive businesses, and retail spaces.

    Financial Insights

    Value Estimation Calculated for Industrial

    Conservative
    $440.5K
    NOI $39,643 @ 9.00% cap · cautious / downside scenario
    Moderate
    $566.3K
    NOI $39,643 @ 7.00% cap · market / base-case scenario
    Aggressive
    $792.9K
    NOI $39,643 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Industrial

    Component $ $/SF
    Gross rent $60.1k $20.04
    − Vacancy −$3.5k −$1.16
    EGI $56.6k $18.88
    − OpEx −$17.0k −$5.66
    NOI $39.6k $13.21
    3,000 SF · lease $20.04/SF/yr · vacancy 5.80% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Industrial
    $566.3K
    $495.5K – $660.7K (±1% cap)
    NOI $39,643 @ 7.0% cap · market cap 5.12%
    Second Best
    Retail
    $499.5K
    $437.1K – $582.8K (±1% cap)
    NOI $34,965 @ 7.0% cap · market cap 4.51%
    Theoretical Best
    Office A
    $968.7K
    $847.6K – $1.13M (±1% cap)
    NOI $67,811 @ 7.0% cap · market cap 8.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Ramsey's Mill Tour Operator Gunter Automotive Auto Repair Shop

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Department Store Food Market Grocery & Convenience Store Storage Facility Electrical Service Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Moncure
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.0877117
    Latitude
    35.619502

    Nearby Similar for Sale

    • $775,000
      3,000 SF

      Moncure Automotive Repair Shop For Sale

      Automotive repair shop on 4.4 acres with road frontage.
      30 Lockville Road, Moncure, NC 27559
      View Details
    • $199,000

      Moncure Land with Approved Perc

      5.4 acres of R-5 zoned land near Triangle Innovation Point.
      Water Tower Road, Moncure, NC 27559
      View Details
    • $149,000

      Moncure Land with Approved Perc

      3.14 acres of R-5 zoned land near Triangle Innovation Point.
      571 S Water Tower Road, Moncure, NC 27559
      View Details
    • $199,000

      Moncure, NC Land Opportunity

      6.05 acre lot near Pittsboro, ideal for dream home.
      3412 Moncure Pittsboro Road, Moncure, NC 27559
      View Details
    • $29,900

      Moncure Land Near Innovation Point

      0.24 acre lot near Triangle Innovation Point.
      523 New Elam Church Road, Moncure, NC 27559
      View Details
    • $269,000

      Moncure Land Ready To Build

      7.5 acre lot with septic permit near Pittsboro.
      25 Screech Owl, Moncure, NC 27559
      View Details
    • $225,500

      Moncure, NC 7.6-Acre Lot

      7.6-acre lot in Moncure, NC, ideal for custom home.
      174 Solomon Worley Drive, Moncure, NC 27559
      View Details
    • $140,000

      Moncure Land Near Pittsboro

      2.8 acre wooded lot near downtown Pittsboro with stream.
      190 Louise Jenkins Road, Moncure, NC 27559
      View Details
    • $1,707,100

      Moncure Land with Haw River Frontage

      79+ acres with Haw River and US-1 frontage near I-540.
      250 Pine Street, Moncure, NC 27559
      View Details
    • $1,400,000

      Moncure Land Development Opportunity

      Large acreage in growing area near Sanford, Apex, and Pittsboro.
      River Forks Road, Moncure, NC 27559
      View Details
    • $295,000

      Wooded Acreage Near Downtown Pittsboro

      Affordable wooded acreage, convenient location, subdivision potential.
      278 John Headen Road, Moncure, NC 27559
      View Details
    • $295,000

      Wooded Acreage Near Downtown Pittsboro

      Affordable wooded acreage, convenient location, potential for subdivision.
      278 John Headen, Moncure, NC 27559
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with existing building near US 1 and VINFast.
    Where is this commercial land located?
    The property is located at 30 Lockville Rd Moncure, NC.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Great location: Close proximity to US 1 and the VINFast site.; 3,000 sq ft building with 3‑phase power.; Sewer access coming as part of the VINFast line.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Malloy
    Real Estate License ID: NC 180496
    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
    30 Lockville Rd, Moncure, NC 27559
    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!