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    Property profile & analytics

    1001 7Th St Goldsboro, NC 27534

    • Commercial real estate
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4394986
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1001 7Th St

    Lot size
    0.57 lot acres
    Property type
    Commercial real estate
    APN
    3509597937

    Description

    This exceptional 0.57-acre commercial lot presents a remarkable investment opportunity in Goldsboro, North Carolina. Located at 1001 7th Street, this property boasts a highly desirable location off Wayne Memorial Drive, offering excellent visibility and accessibility. The lot is zoned Neighborhood Business (NB), providing flexibility for a variety of commercial uses. With its convenient location and versatile zoning, this parcel is ideal for entrepreneurs and developers seeking a strategic foothold in a growing market. The property's address is 1001 7th St, Goldsboro, NC 27534, and its precise coordinates are latitude 35.394061211787125 and longitude -77.97444631954501. The asking price for this exceptional land parcel is $275,000. The Wayne County Assessor's Parcel Number (APN) is 3509597937. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area, offering significant potential for future development and return on investment. Don't miss out on this chance to secure a prime piece of Goldsboro real estate. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.974446319545
    Latitude
    35.394061211787

    Comparable in this City

    • $600,000
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      Goldsboro Commercial Land Opportunity

      0.78-acre lot, excellent mixed-use potential.
      310 Berkeley Blvd, Goldsboro, NC 27534
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    • $725,000
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      Goldsboro Commercial Land - $725K

      High-traffic, 0.73-acre commercial lot.
      1800 Wayne Memorial Dr, Goldsboro, NC 27534
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    • $335,000
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      Highway 13 Land Opportunity

      2.83 acres with road frontage in growing Goldsboro area.
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    • $650,000
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      Goldsboro Land For Sale

      4.85 acre commercial land with utilities in Goldsboro, NC.
      2907 Ash St E, Goldsboro, NC 27534
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    • $69,000
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      Residential Lot in Walnut Creek

      Residential lot with access to community amenities.
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    • $50,000
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      Goldsboro Land For Sale

      Residential land available in Goldsboro, North Carolina.
      102 Harris Ct, Goldsboro, NC 27534
      View Details

    Similar Nearby for Sale

    • $600,000
      0.78 Acres

      Goldsboro Commercial Land Opportunity

      0.78-acre lot, excellent mixed-use potential.
      310 Berkeley Blvd, Goldsboro, NC 27534
      View Details
    • $725,000
      0.73 Acres

      Goldsboro Commercial Land - $725K

      High-traffic, 0.73-acre commercial lot.
      1800 Wayne Memorial Dr, Goldsboro, NC 27534
      View Details
    • $335,000
      2.83 Acres

      Highway 13 Land Opportunity

      2.83 acres with road frontage in growing Goldsboro area.
      Goldsboro, NC 27534
      View Details
    • $650,000
      4.85 Acres

      Goldsboro Land For Sale

      4.85 acre commercial land with utilities in Goldsboro, NC.
      2907 Ash St E, Goldsboro, NC 27534
      View Details
    • $69,000
      0.81 Acres

      Residential Lot in Walnut Creek

      Residential lot with access to community amenities.
      113 Breezewood Dr, Goldsboro, NC 27534
      View Details
    • $50,000
      0.48 Acres

      Goldsboro Land For Sale

      Residential land available in Goldsboro, North Carolina.
      102 Harris Ct, Goldsboro, NC 27534
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
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      Goldsboro Retail Space Available

      High-visibility retail space in prime location.
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    • $240 SF/Yr
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      Prime Medical Office Suite B

      Single-tenant medical office, 2,096 sq ft.
      2400 Wayne Memorial Dr, Goldsboro, NC 27534
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    • $3,500 /Mo
      2,096 SF

      Wayne Medical Pavilion Office Space

      Office space for lease in Wayne Medical Pavilion, Goldsboro, NC.
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    • $62 SF/Yr
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      Goldsboro Creative Office Space

      Modern renovated office suites available.
      201 Spence Ave, Goldsboro, NC 27534
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    • Contact for pricing

      Retail Space in Goldsboro, NC

      Located on a major commercial corridor near national retailers.
      Goldsboro, NC 27534
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    • $7,500 /Mo
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      Medical Office Space For Lease

      Medical office space available near UNC Health Wayne.
      2709 Medical Office Pl, Goldsboro, NC 27534
      View Details
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    1001 7Th St
    Goldsboro, NC 27534
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    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
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