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    967 Nc-211 Candor, NC 27229
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    967 Nc-211 Candor, NC 27229

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    • Industrial properties
    • 400,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

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    • Industrial properties

    Property Details for 967 Nc-211

    Property size
    400,000 SF
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional 50-acre industrial campus, located at 967 NC Highway 211 East in Candor, North Carolina, presents a unique opportunity for businesses seeking significant space in a prime location. The property boasts two buildings totaling 400,000 square feet of manufacturing and distribution space, currently entirely vacant and ready for immediate occupancy or build-to-suit development. The high ceilings, measuring 32 feet, provide ample vertical clearance for various industrial uses. The property is zoned for General Industrial use, ensuring flexibility for a wide range of operations. Ample parking is available with 112 spaces to accommodate employees and visitors. The site offers robust power capabilities, including 480-227 volt, 3-phase power, supporting energy-intensive operations. Situated in Montgomery County, this location provides easy access to major transportation routes, streamlining logistics and distribution. With its expansive size, versatile zoning, and robust infrastructure, this property is ideally suited for large-scale manufacturing, distribution centers, or other industrial enterprises seeking a significant footprint in a strategically advantageous location. The property's 400,000 square feet of vacant space presents a blank canvas for customized build-to-suit projects, allowing businesses to tailor the space to their specific needs and operational requirements. The 27229 zip code offers access to a skilled workforce and a supportive business environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Candor
    County
    Montgomery
    State
    North Carolina
    Longitude
    -79.7156
    Latitude
    35.3028

    Comparable in this City

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      400,000 SF

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      400,000 SF

      Us-220

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      2,100 SF

      6282 Us 220th Alt S

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      16,088 SF

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      HEAVY INDUSTRIAL • 16,088 SF
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    • Value Estimation by Request
      7,600 SF

      1193 Nc Hwy 211th E

      INDUSTRIAL (GENERAL) • 7,600 SF
      1193 Nc Hwy 211th E, Candor, NC 27229
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    • Value Estimation
      $1,110,000
      93,500 SF

      967 Nc Hwy 211th E

      INDUSTRIAL (GENERAL) • 93,500 SF
      967 Nc Hwy 211th E, Candor, NC 27229-9119
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    • Contact for pricing
      400,000 SF

      400,000 SF Industrial Land

      Industrial land available for build to suit opportunity.
      967 Nc Highway 211 E, Candor, NC 27229
      View Details
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    Candor, NC 27229
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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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