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    Property profile & analytics

    7025 Old 421 Rd Liberty, NC 27298

    • Commercial real estate
    • 40.99 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5788735
    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 7025 Old 421 Rd

    Lot size
    40.99 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 40.99-acre agricultural property in Randolph County, North Carolina, presents a unique investment opportunity. Strategically located just two miles from the Greensboro Randolph Mega Site, this versatile tract boasts significant advantages. The property features 400 feet of road frontage on Old 421 Road and an impressive 1,200 feet along Cook Collier Road, ensuring high visibility and convenient access. Further enhancing its logistical appeal is 400 feet of rail line access. An existing old house, currently occupied by a month-to-month tenant who will vacate before closing, offers potential for redevelopment or repurposing. The property is zoned Residential Agricultural (RA), facilitating a smooth transition for various commercial ventures. A well provides convenient water access, and a septic permit for a three-bedroom dwelling is on file. The asking price is $1,300,000. This property, situated at 7025 Old 421 Rd, Liberty, NC 27298, offers a compelling blend of size, accessibility, and strategic location, making it ideal for a wide range of commercial uses. The central pond adds to the property's appeal. This is a rare opportunity to acquire a substantial tract of land with significant infrastructure advantages in a rapidly developing area.

    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
    Liberty
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.593067
    Latitude
    35.8947503

    Comparable in this City

    • $1,200,000
      26.75 Acres

      26-Acre Landholding in Liberty, NC

      26-acre landholding suitable for residential, agricultural, or mixed-use development.
      8794 Old 421 Rd, Liberty, NC 27298
      View Details
    • $863,040
      31.43 Acres

      Farmland Near Liberty City Limits

      31+/- acres of rural farmland, convenient location near Liberty, NC.
      Starmount Rd, Liberty, NC 27298
      View Details
    • $2,894,200
      58.00 Acres

      Hayfields #2: Prime NC Land

      58 Acres, Industrial/Residential Potential
      0 Troy Smith Rd, Liberty, NC 27298
      View Details
    • Contact for pricing
      1.00 Acre

      Liberty Industrial Land Opportunity

      Acre of Land, Mobile Home, Toyota Proximity
      4561 Calhoun Dr, Liberty, NC 27298
      View Details
    • $1,750,000

      Land Near Toyota Battery Site

      AG zoned land near Toyota's ETJ, ideal for future development.
      6972 Bowman Dairy Rd, Liberty, NC 27298
      View Details
    • $230,000

      Ready-to-Build 10.88-Acre Countryside Tract

      10.88-acre tract equipped with well and septic system.
      5501 Eulis Rd, Liberty, NC 27298
      View Details

    Similar Nearby for Sale

    • $1,200,000
      26.75 Acres

      26-Acre Landholding in Liberty, NC

      26-acre landholding suitable for residential, agricultural, or mixed-use development.
      8794 Old 421 Rd, Liberty, NC 27298
      View Details
    • $863,040
      31.43 Acres

      Farmland Near Liberty City Limits

      31+/- acres of rural farmland, convenient location near Liberty, NC.
      Starmount Rd, Liberty, NC 27298
      View Details
    • $2,894,200
      58.00 Acres

      Hayfields #2: Prime NC Land

      58 Acres, Industrial/Residential Potential
      0 Troy Smith Rd, Liberty, NC 27298
      View Details
    • Contact for pricing
      1.00 Acre

      Liberty Industrial Land Opportunity

      Acre of Land, Mobile Home, Toyota Proximity
      4561 Calhoun Dr, Liberty, NC 27298
      View Details
    • $1,750,000

      Land Near Toyota Battery Site

      AG zoned land near Toyota's ETJ, ideal for future development.
      6972 Bowman Dairy Rd, Liberty, NC 27298
      View Details
    • $230,000

      Ready-to-Build 10.88-Acre Countryside Tract

      10.88-acre tract equipped with well and septic system.
      5501 Eulis Rd, Liberty, NC 27298
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr
      19,500 SF

      Warehouse Space Near Toyota Facility

      Warehouse space available for lease near US 421.
      206 E Frazier Ave, Liberty, NC 27298
      View Details
    • $1.00 SF/Yr
      54,146 SF

      Industrial Facility in Liberty, NC

      54,146 SF industrial facility on 4.51 acres for lease.
      312 W Luther Ave, Liberty, NC 27298
      View Details
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    Liberty, NC 27298
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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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