Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    000 Slice Rd Deming, NM 88030

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 000 Slice Rd

    Property type
    Land

    Description

    This exceptional commercial property, located at 705 W 15th St in Hickory, NC, offers a unique opportunity for businesses seeking a prominent location. The property consists of two buildings totaling 1,298 square feet, currently entirely vacant and available for lease as a single tenant space. The main building features a spacious 866 square foot office area, ideal for a variety of uses. A convenient attached garage provides additional storage or workspace. Built in 1935, the Class B building boasts an 8-foot ceiling height. Utilities are serviced by Duke Energy. The property sits on a 0.71-acre lot and benefits from excellent visibility and accessibility, situated on a high-traffic street with an impressive North Carolina Department of Transportation (NCDOT) annual average traffic count of 19,500 vehicles. While the building currently lacks central heating and air conditioning, a gas heater hookup is available. The property is zoned B2 and has a Catawba County APN of 373008786957. Its previous use as a car lot highlights its potential for businesses requiring high visibility and convenient access. The cross street is NW Blvd. This property presents a rare chance to establish a business in a thriving location with significant traffic exposure. The ample space and attached garage offer flexibility for various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Deming
    County
    Luna
    State
    New Mexico
    Longitude
    -107.764
    Latitude
    32.2519

    Comparable in this City

    • Value Estimation by Request
      1.20 Acres

      4 Lot 11 Rd

      Land • 1.20 Acres
      4 Lot 11 Rd, Deming, NM 88030
      View Details
    • Value Estimation by Request
      1.13 Acres

      4 Lot 8 Rd

      Land • 1.13 Acres
      4 Lot 8 Rd, Deming, NM 88030
      View Details
    • Value Estimation by Request
      1.13 Acres

      Block 4

      Land • 1.13 Acres
      0 Block 4, Deming, NM 88030
      View Details
    • Value Estimation by Request
      1.30 Acres

      6 Lot 2 Rd

      Land • 1.30 Acres
      6 Lot 2 Rd, Deming, NM 88030
      View Details
    • Value Estimation by Request
      45.64 Acres

      Bulk Rd

      Land • 45.64 Acres
      0 Bulk Rd, Deming, NM 88030
      View Details
    • Value Estimation by Request

      00000 Gila Ct St

      Land
      00000 Gila Ct St, Deming, NM 88030
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.50 Acres

      Deming, NM Land: 2.5 Acres

      Prime 2.5-acre lot, stunning mountain views.
      0000 Stage Coach Rd, Deming, NM 88030
      View Details
    • $150,000
      132.00 Acres

      Deming, NM Land: 132 Acres

      Prime 132-acre land parcel near Deming. Excellent development potential.
      0000 Columbus Rd Rds, Deming, NM 88030
      View Details
    • $90,000
      10.19 Acres

      Deming, NM Land - 10 Acres

      Prime 10-acre lot near major highways.
      000 Hwy 418 Hwy, Deming, NM 88030
      View Details
    • Contact for pricing
      1.48 Acres

      Deming, NM Land: 1.48 Acres

      1.48-acre lot, secluded yet convenient.
      6 Lot 1 Rd, Deming, NM 88030
      View Details
    • Contact for pricing
      1.13 Acres

      Deming, NM Land: 1.13 Acres

      1.13-acre lot, secluded country setting, seller financing.
      4 Lot 7 Rd, Deming, NM 88030
      View Details
    • $2,156,000

      Deming, NM Medical Facility

      High-yield medical clinic investment.
      1511 Lime St, Deming, NM 88030
      View Details
    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.
    000 Slice Rd
    Deming, NM 88030
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.