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    3364 Us-1 Franklinton, NC 27525

    • Retail properties
    • 65,366 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3364 Us-1

    Property size
    65,366 SF
    Property type
    Retail properties

    Description

    Franklinton Square, located at 3364 US-1 in Franklinton, NC 27525, offers exceptional retail opportunities. This established shopping center boasts a total of 65,366 square feet and currently features popular national tenants including Food Lion, Subway, and Family Dollar, ensuring high foot traffic and visibility. Two retail spaces are immediately available, ranging in size from 1,500 to 3,066 square feet, providing flexibility for various business needs. Situated in Franklin County, approximately 20 miles northeast of Raleigh, this center benefits from its strategic location in eastern North Carolina. The center's strong performance is evidenced by an impressive average of 5.82 visits per person, demonstrating consistent customer loyalty and a thriving retail environment. This presents a unique opportunity to establish or expand a business within a well-established and successful shopping center, capitalizing on the existing high traffic and strong community presence. The property is classified as multi-tenant retail and offers excellent potential for growth and return on investment. Contact us today to learn more about these available spaces and secure your place in this thriving retail hub.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklinton
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.4658
    Latitude
    36.0989

    Comparable in this City

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    • Value Estimation by Request
      1,022 SF

      115 Texs Garage Cir

      SERVICE STATION (FULL SERVICE) • 1,022 SF
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    • Value Estimation by Request
      6,874 SF

      3420 Us 1st Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,874 SF
      3420 Us 1st Hwy, Franklinton, NC 27525-8435
      View Details
    • Value Estimation by Request
      2,670 SF

      3257 Us 1st Hwy

      RESTAURANT • 2,670 SF
      3257 Us 1st Hwy, Franklinton, NC 27525-8406
      View Details
    • Value Estimation
      $260,000
      3,200 SF

      201 Main St

      SERVICE STATION (FULL SERVICE) • 3,200 SF
      201 Main St, Franklinton, NC 27525-1517
      View Details
    • Value Estimation
      $355,000
      1,887 SF

      22 Main St

      BAR, TAVERN • 1,887 SF
      22 Main St, Franklinton, NC 27525-1317
      View Details

    Similar Nearby for Sale

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    • $199,900
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      Land in Franklinton, North Carolina

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    • $300,000
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      Franklinton Commercial Land - $300K

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    • $2,500,000
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      Prime Franklin County Commercial Land

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    Similar Nearby for Lease

    • Contact for pricing
      65,366 SF

      Franklinton Square Retail Center

      Prime Franklinton retail space available.
      3364 Us-1, Franklinton, NC 27525
      View Details
    • $3,200 /Mo
      1,789 SF

      Restored Commercial Space in Franklinton

      Newly restored commercial space in growing Franklinton, North Carolina.
      102 E Green St, Franklinton, NC 27525
      View Details
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    3364 Us-1
    Franklinton, NC 27525
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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.

    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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