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    Louisburg Rd & Hampton Lk Dr Wake Forest, NC 27571
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    Louisburg Rd & Hampton Lk Dr Wake Forest, NC 27571

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    • Retail properties & Spaces
    • 1 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Louisburg Rd & Hampton Lk Dr

    Property size
    1 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 2.5-acre commercial property, located at the intersection of Louisburg Road and Hampton Lake Drive in Rolesville, North Carolina, presents a unique investment opportunity. Zoned for retail use, this site offers a single available space within a multi-tenant development. The property's convenient location in Wake County, near the intersection of two major roadways, ensures high visibility and accessibility for businesses. The expansive lot size provides ample space for development and potential expansion. The property's address is Louisburg Rd & Hampton Lake Dr, Rolesville, NC 27571, and its precise coordinates are 35.9213943 latitude and -78.4420496 longitude. This retail pad is ideal for a variety of businesses seeking a high-traffic location in a rapidly growing area. The total building square footage is currently listed as 1 square foot, indicating potential for new construction or redevelopment. The property's classification as both retail and land signifies its versatility and potential for various commercial uses. This is a rare opportunity to acquire a significant retail parcel in a thriving North Carolina market. The property is categorized as a commercial, retail-pad site with multiple tenancies, suggesting a strong potential for rental income or a multi-business development. Serious inquiries are encouraged to explore the possibilities of this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.442
    Latitude
    35.9214

    Comparable in this City

    • Value Estimation by Request
      6.55 Acres

      1200 Granite Falls Blvd

      Land • 6.55 Acres
      1200 Granite Falls Blvd, Rolesville, NC 27571
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    • Value Estimation by Request
      1,972 SF

      100 Young St

      RETAIL STORES (PERSONAL SERVICES) • 1,972 SF
      100 Young St, Rolesville, NC 27571
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    • Value Estimation
      $745,000
      4,860 SF

      102 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,860 SF
      102 Main St, Rolesville, NC 27571-9657
      View Details
    • Value Estimation
      $1,590,000
      10,627 SF

      207 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,627 SF
      207 Main St, Rolesville, NC 27571-9300
      View Details
    • Value Estimation
      $2,175,000
      9,108 SF

      6200 Rogers Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,108 SF
      6200 Rogers Rd, Rolesville, NC 27571-9357
      View Details
    • Value Estimation
      $1,510,000
      8,818 SF

      6100 Rogers Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,818 SF
      6100 Rogers Rd, Rolesville, NC 27571-9369
      View Details

    Similar Nearby for Sale

    • $1,500,000
      2.33 Acres

      Wallbrook Outparcel: Prime Rolesville Land

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      0 Main St, Rolesville, NC 27571
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    • $1,500,000

      Land in Wallbrook Community

      Retail outparcel in mixed-use community, Rolesville, North Carolina.
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    • $1,250,000

      Commercial Outparcel Land in Rolesville

      1.45 acre commercial land for sale in Rolesville, NC.
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    Louisburg Rd & Hampton Lk Dr
    Wake Forest, NC 27571
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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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