Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6621 Liberty Rd Julian, NC 27283

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for commercial, hospitality, industrial, or mixed-use development.

    Type:Hospitality, Land, Mixed Use, Office, Self Storage
    Added:
    May 21, 2024
    Days on Market:
    689
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 6621 Liberty Rd

    General Information

    Standard status
    Active
    Property subtype
    Hospitality, Land, Mixed Use, Office, Self Storage

    We can help!

    Listing Contact
    Dorothy Coble

    Listing agent Dorothy Coble License #133889

    Listing office West Market Realty

    Listing date May 21, 2024

    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 West Market Realty

    Overview

    Land Near Toyota Mega Site

    Located one mile from the new Toyota Mega Site in Liberty, North Carolina, this property is currently zoned residential, but the area is subject to commercial, hospitality, industrial, or mixed-use zoning. The property includes a home and a double garage with a full apartment upstairs, complemented by acreage. Situated near both Old 421 and new Highway 421, the property benefits from the infrastructure development spurred by the Toyota Mega Site, which is operating on three shifts. This has generated interest from local and outside businesses looking to support the area's growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Showroom Garden Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Julian
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.6534353
    Latitude
    35.9073096

    Nearby Similar for Sale

    • $59,000

      Residential Lot in Julian, NC

      Nearly an acre ready for building a 3-bedroom home.
      4707 Jaylee Place, Julian, NC 27283
      View Details
    • $89,900

      Homesite and Mini-Farm Opportunity

      3.6 acre homesite with pasture, convenient to nearby towns.
      3 Earl Trail, Julian, NC 27283
      View Details
    • $119,900

      5 Acre Homesite and Mini-Farm

      Ideal homesite with pasture, convenient location, and agricultural zoning.
      5 Earl Trail, Julian, NC 27283
      View Details
    • $89,900

      3.6 Acre Homesite Mini-Farm

      Ideal homesite and mini-farm with open pasture and convenient access.
      3 Earl Trail, Julian, NC 27283
      View Details
    • $399,000

      Land

      5600 Skyline Ave, Julian, NC 27283
      View Details
    • $2,710,000

      Retail Property For Sale

      Retail property available for sale, offering a 6.50% CAP.
      5726 Bulb Rd, Julian, NC 27283
      View Details
    • $550,000

      Land Near Toyota Megasite

      Land available near US Highway 421 and Toyota Megasite.
      6600 Liberty Rd, Julian, NC 27283
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for commercial, hospitality, industrial, or mixed-use development.
    Where is this commercial land located?
    The property is located at 6621 Liberty Rd Julian, NC.
    What are key features of this property?
    This property features: Located just 1 mile from the new Toyota Mega Site.; Zoned Residential with potential for Commercial, Hospitality, Industrial, or Mixed‑use zoning.; Includes acreage with the home.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dorothy Coble
    Real Estate License ID: 133889
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!