Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Holly Springs Land For Sale Title is generated by Realmo AI

    936 W Holly Springs Road, Holly Springs, NC 27540

    View on Map
    Claim this Listing
    For Sale
    $670,000

    1.47-acre lot near Holly Springs Town Center Mall.

    Type:Lots/Land
    Lot size:
    1.47 Acres
    Added:
    Apr 11, 2025
    Days on Market:
    415
    Last Refresh:
    May 28 at 2:17 pm

    Property Features for 936 W Holly Springs Road

    General Information

    Standard status
    Active
    Lot size
    1.47 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Marta Parilli
    Marta Parilli

    Listing agent Marta Parilli License #314757

    Listing office Howard Perry & Walston Realtors HS

    Listing date Apr 11, 2025

    Source Exitrealty

    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 Howard Perry & Walston Realtors HS

    HighLights

    • 1.47‑acre lot with potential for residential or commercial development (subject to rezoning).
    • Prime location across from Holly Spring Dr. and near Holly Springs Town Center Mall.
    • Public water, sewer, and electricity connections available.
    • Opportunity to rezone for commercial use with potential for various business types (Food/Restaurant, Commercial, Office).
    • Permitted uses under Special Use Permit include family care home, child care center, bed and breakfast, and religious use.
    • Potential to combine with adjacent lot (920 W Holly Springs) for a total of 3 acres.

    Overview

    This 1.47-acre lot is located across from Holly Spring Dr and steps from 55, near the Holly Springs Town Center Mall. It has public connections to water, public sewerage, and electricity. Currently zoned SR, residential, it can be rezoned for commercial use with Holly Springs. Permitted uses under a Special Use Permit include separate dwelling, family care home, child care center, bed and breakfast, civic building, community support facility, religious use, and wireless telecommunication equipment. Conditional Zoning District uses include food/restaurant, commercial, and office uses. There is an opportunity to combine this lot with the adjacent lot at 920 W Holly Springs Road to create a 3-acre parcel.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Holly Springs
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8473941
    Latitude
    35.6581895

    Nearby Similar for Sale

    • $3,100,000

      Holly Springs 10-Acre Development Parcel

      Prime 10-acre development opportunity in the heart of Holly Springs.
      Thomas Mill Road, Holly Springs, NC 27540
      View Details
    • $145,000

      Land in Holly Springs, NC

      Located off N Main St, near dining and shopping.
      817 Oakhall Drive, Holly Springs, NC 27540
      View Details
    • $1,000,000

      31.67 Acres Vacant Land

      Vacant land in Holly Springs, NC with development potential.
      7324 Cass Holt Road, Holly Springs, NC 27540
      View Details
    • $550,000

      Prime Holly Springs Estate Lot

      Rare 1.47-acre lot for custom home in coveted location.
      936 W Holly Springs Road, Holly Springs, NC 27540
      View Details
    • $250,000

      Homesite in Desirable Holly Springs

      1.29-acre homesite for custom home in Holly Springs, NC.
      Holly Springs Road, Holly Springs, NC 27540
      View Details
    • $475,000

      Land in Downtown Village District

      Land for sale in Holly Springs, North Carolina.
      S Main, Holly Springs, NC 27540
      View Details
    • $299,900

      4.1-Acre Homesite Ready to Build

      Build-ready 4.1-acre homesite near Holly Springs and Fuquay-Varina.
      8177 N Carolina 42, Holly Springs, NC 27540
      View Details
    • $900,000

      Holly Springs Wooded Land Opportunity

      16.43 acres of wooded land in Holly Springs, NC.
      7870 Nc 42, Holly Springs, NC 27540
      View Details
    • $1,638,727

      Avent Ferry Road Development Opportunity

      4.09 acres ideal for retail, medical, service, office development.
      975 Avent Ferry Road, Holly Springs, North Carolina 27540
      View Details
    • $1,500,000

      Secluded Land in Holly Springs

      13.35 acres of private land, ideal for building dream home.
      6829 Sleeping Meadow Lane, Holly Springs, NC 27540
      View Details
    • $224,500

      Cleared Lot in Wake County

      2.28 acre lot suitable for single-family home construction.
      5160 Commission Drive, Holly Springs, NC 27540
      View Details
    • $225,000

      Residential Lot in Holly Springs

      Vacant lot in desirable Holly Springs location, ready to build.
      112 W Pine, Holly Springs, NC 27540
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.47-acre lot near Holly Springs Town Center Mall.
    Where is this commercial land located?
    The property is located at 936 W Holly Springs Road Holly Springs, NC.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: 1.47‑acre lot with potential for residential or commercial development (subject to rezoning).; Prime location across from Holly Spring Dr. and near Holly Springs Town Center Mall.; Public water, sewer, and electricity connections available.
    (269) 267-6421
    We can help!
    Listing Contact
    Marta Parilli
    Marta Parilli
    Real Estate License ID: 314757
    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
    936 W Holly Springs Road, Holly Springs, NC 27540
    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!