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    8 Sheraton Dr Roanoke Rpd Roanoke Rapids, NC 27870

    Sponsored
    For Sale
    $810,000

    1.55-acre lot, ideal for development. High visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.55-acre commercial land parcel presents a remarkable investment opportunity in Roanoke Rapids, North Carolina. Strategically located on Lot 8 Sheraton Drive, this property boasts unparalleled visibility due to its frontage along a service road directly facing Interstate 95, a major transportation artery. The high traffic volume of I-95 ensures significant exposure for any commercial development on this site. Situated in Halifax County, zip code 27870, the lot's precise coordinates are 36.40397033804234 latitude and -77.64441345834389 longitude. The asking price for this prime commercial land is $810,000. This property is classified as commercial land and is ready for immediate development, offering significant potential for a variety of commercial uses. Its location provides easy access to the interstate, making it an attractive location for businesses seeking high visibility and convenient access for customers and employees. The property's size and location make it an excellent choice for businesses seeking to establish a strong presence in the Roanoke Rapids area. Don't miss this chance to acquire a highly visible and strategically located commercial lot.

    Property Features for 8 Sheraton Dr Roanoke Rpd

    General Information

    Property type
    Land

    HighLights

    • $810,000 asking price for this commercial land parcel.
    • 1.55‑acre commercial lot.
    • Located in Roanoke Rapids, NC.
    • Situated on a service road facing Interstate 95.
    • Lot 8, Sheraton Dr, Roanoke Rapids, NC 27870.
    • Halifax County, North Carolina.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke Rapids
    County
    Halifax
    State
    North Carolina
    Longitude
    -77.644413458344
    Latitude
    36.403970338042

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    FAQs

    What type of property is this?
    Land - 1.55-acre lot, ideal for development. High visibility.
    Where is this land located?
    The property is located at 8 Sheraton Dr Roanoke Rpd Roanoke Rapids, NC.
    What is the asking price?
    The asking price for this property is $810,000.
    What are key features of this property?
    This property features: $810,000 asking price for this commercial land parcel.; 1.55-acre commercial lot.; Located in Roanoke Rapids, NC.
    Request Owner's contact information
    8 Sheraton Dr Roanoke Rpd Roanoke Rapids, NC 27870
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    Realmo Value Estimation

    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.

    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.

    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
    8 Sheraton Dr Roanoke Rpd Roanoke Rapids, NC 27870
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