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    Two Rivers Dr Wilkesboro, NC 28659
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    Two Rivers Dr, Wilkesboro, NC 28659

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    • Land
    • 0.52 lot acres
    For Sale
    $575,000
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    Wilkesboro Commercial Land Parcels For Sale
    $575,000

    Wilkesboro Commercial Land Parcels

    High-traffic lots, prime retail location.

    Goshen, NC 28659
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Two Rivers Dr

    Lot size
    0.52 lot acres
    Property type
    Land

    Description

    Exceptional commercial land investment opportunity in Wilkesboro, North Carolina, situated in the thriving Two Rivers Center. These outparcels boast high visibility and accessibility, directly off Highway 421 in the heart of the retail district. The available lots range in size from 0.52 acres to 2.68 acres, offering flexibility for various development projects. The property benefits from its strategic location amongst established businesses, including Two Rivers Cinema, Taco Bell, Skyline National Bank, Planet Fitness, and Harbor Freight, with Hwy 55 currently under construction. The permitted zoning is commercial, allowing for a wide array of potential uses. Pricing varies based on lot size: 0.52 acres is listed at $575,000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilkesboro
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.1808
    Latitude
    36.1511

    Comparable in this City

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      0.92 Acres

      Two Rivers Dr

      Land
      0 Two Rivers Dr, Wilkesboro, NC 28659
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    • Value Estimation by Request
      26.80 Acres

      2515 Statesville Rd

      Land
      2515 Statesville Rd, North Wilkesboro, NC 28659
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    • Value Estimation by Request
      2.00 Acres

      North Wilkesboro, NC 28659

      Land
      North Wilkesboro, NC 28659
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    • Value Estimation by Request
      0.70 Acres

      202 Elkin Hwy

      COMMERCIAL (GENERAL)
      202 Elkin Hwy, North Wilkesboro, NC 28659-3410
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    • Value Estimation by Request
      0.06 Acres

      829 Main St

      COMMERCIAL (GENERAL)
      829 Main St, North Wilkesboro, NC 28659-4213
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    • Value Estimation by Request
      0.32 Acres

      Main St

      COMMERCIAL (GENERAL)
      Main St, North Wilkesboro, NC 28659
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Lot on Mountain View

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      19.9 Acres Judicial Sale

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      10.32 Acres for Rural Living

      Land suitable for rural living with limitless possibilities.
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    • $650,000
      0.92 Acres

      Wilkesboro Commercial Land - High Traffic

      Prime 0.92-acre commercial lot, ideal QSR location.
      0 Two Rivers Dr, Wilkesboro, NC 28659
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    • $575,000
      0.52 Acres

      Wilkesboro Commercial Land Parcels

      High-traffic lots, prime retail location.
      0 Two Rivers Dr, Wilkesboro, NC 28659
      View Details
    • $159,900

      Unrestricted Land with Stream

      17.2+/- acres of unrestricted land featuring a stream.
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    Wilkesboro, NC 28659
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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.

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