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    70 At Nc Hwy 581 Goldsboro, NC 27530

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    70 At Nc Hwy 581 Goldsboro, NC 27530

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    • Land
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 70 At Nc Hwy 581

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in Goldsboro, North Carolina. Strategically located at the intersection of US Highway 70 and NC Highway 581 South, this property benefits from high visibility and convenient access. The asking price is $1,300,000. Infrastructure is partially run to all sites, streamlining development. A stoplight has been approved for direct access on the east end of the property, ensuring optimal ingress and egress. This rapidly growing area west of Goldsboro offers significant potential for various commercial ventures. The site's proximity to existing medical offices and a newly constructed multi-family development (196 units total, including senior and market-restricted housing) further enhances its appeal and provides a strong foundation for future growth. Wayne County's thriving economy and strategic location make this a compelling investment in a dynamic market. The property's address is US Hwy 70 at NC Hwy 581 S, Goldsboro, NC 27530. This is a rare opportunity to acquire a sizable, well-situated commercial land parcel poised for significant returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.0638
    Latitude
    35.428

    Comparable in this City

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      200.00 Acres

      1201 Ash St

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      203 Carolina 581

      Land
      203 Carolina 581, Goldsboro, NC 27530
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      6.00 Acres

      NC-581 Hwy

      Land • 6.00 Acres
      NC-581 Hwy, Goldsboro, NC 27530
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    Similar Nearby for Sale

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      Partially Cleared Land Parcel

      Accessible land parcel off the bypass, ideal for development.
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      Goldsboro Land Available

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    • New
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      Goldsboro Land with Sewer Agreement

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      Goldsboro Commercial Property Investment

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      Goldsboro Commercial Property Investment

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      Goldsboro Highway Commercial Land

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    Similar Nearby for Lease

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      Commercial Land For Rent

      Commercial land available for rent in emerging commercial area.
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      Retail Endcap in Goldsboro, NC

      Retail space with high visibility and ample parking.
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      Walmart Anchored Retail Space Available

      Retail spaces available within a Walmart-anchored shopping center.
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      Office Space with Reception Area

      Office space featuring a reception area, two offices, and restroom.
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    • $1,000 /Mo
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      Downtown Goldsboro Office Space Available

      Office space for rent in downtown Goldsboro, North Carolina.
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    • $3,500 /Mo
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      Goldsboro Office/Warehouse Space Available

      Office and warehouse space for lease in Goldsboro, NC.
      1409 W Grantham St, Goldsboro, NC 27530
      View Details
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    Goldsboro, NC 27530
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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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    70 At Nc Hwy 581, Goldsboro, NC, 27530

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