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    Winston Rd Jonesville, NC 28642
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    Winston Rd, Jonesville, NC 28642

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    • Retail properties & Spaces
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Winston Rd

    Lot size
    1.50 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 1.5-acre commercial development site in Jonesville, North Carolina, presents a prime opportunity for restaurant or retail ventures. Located on Winston Road, this highly visible corner lot sits directly across from the Jonesville Town Offices, ensuring significant daily traffic. Its strategic position offers unparalleled accessibility, being just 0.3 miles from I-77 Exit 82. This convenient location places the property within close proximity to a cluster of established businesses, including four hotels, Cracker Barrel, McDonald's, Wendy's, Bojangles, and a Waffle House, all situated along the same corridor. The property boasts ample municipal water and sewer availability, with natural gas extending to neighboring properties. Further enhancing its appeal, two RV parks within a half-mile radius are slated for completion, promising increased traffic flow in the near future. The site's potential is further amplified by the availability of an adjoining 70+ acre parcel, offering expansion possibilities. This property is zoned for commercial and restaurant use, making it an ideal investment for developers seeking a high-traffic, well-located site in a growing area. The asking price for this remarkable opportunity is $600,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jonesville
    County
    Yadkin
    State
    North Carolina
    Longitude
    -80.826
    Latitude
    36.24

    Comparable in this City

    • Value Estimation by Request
      49,630 SF

      101 Valley Dr

      Restaurants
      101 Valley Dr, Jonesville, NC 28642
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    • Value Estimation by Request
      6,000 SF

      2100 Nc-67

      Specialty properties
      2100 Nc-67, Jonesville, NC 28642
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    • Value Estimation by Request
      1.00 Acre

      Winston Rd

      Land
      0 Winston Rd, Jonesville, NC 28642
      View Details
    • Value Estimation by Request
      2.50 Acres

      Winston Rd

      Land
      0 Winston Rd, Jonesville, NC 28642
      View Details
    • Value Estimation by Request
      1,600 SF

      610 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      610 Main St, Jonesville, NC 28642-2728
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    • Value Estimation by Request
      720 SF

      2624 Nc Hwy 67

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2624 Nc Hwy 67, Jonesville, NC 28642-9144
      View Details

    Similar Nearby for Sale

    • $600,000

      Restaurant/Retail Lot For Sale

      2.5+/- acre restaurant/retail lot in highly visible location.
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    • $69,900
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      Unrestricted Land Near Greenway

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    • $79,350

      Land on Vestal Road

      Land available on Vestal Road in Jonesville, North Carolina.
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    • Contact for pricing

      21 Acres Development Opportunity

      Approximately 21 acres ideal for further development.
      1 Valley Dr, Jonesville, NC 28642
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    • $295,000
      1.00 Acre

      Jonesville Commercial Land Investment

      High-visibility lot near I-77, 1 acre.
      4 Winston Rd, Jonesville, NC 28642
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    • $600,000
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      Jonesville Corner Lot Investment

      Prime Restaurant/Retail Opportunity
      1 Winston Rd, Jonesville, NC 28642
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    Winston Rd
    Jonesville, NC 28642
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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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