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

    2316 Piney Grove-Wilbon Rd Holly Springs, NC 27540

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

    Current Use by Public Records

    • Land

    Property Details for 2316 Piney Grove-Wilbon Rd

    Property type
    Land

    Description

    This exceptional 81-acre parcel presents a unique development opportunity in the rapidly growing Southwest Wake County, North Carolina. Situated at 2316 Piney Grove-Wilbon Rd, Holly Springs, NC 27540 (35.595334, -78.842725), this corner lot offers unparalleled potential for residential development, capitalizing on the area's burgeoning growth. The property boasts a picturesque setting, featuring a serene pond and mature trees throughout the primarily wooded landscape. Its strategic location between the thriving downtowns of Holly Springs and Fuquay-Varina provides easy access to community amenities and the high quality of life these towns are known for. Both Holly Springs and Fuquay-Varina are experiencing significant expansion, making this land ideally positioned for a residential community or a mixed-use development that caters to the increasing demand for housing in the area. The natural beauty of the site, combined with its prime location, presents an exceptional opportunity to create a thriving and desirable residential haven. This is a chance to build a landmark community in Wake County, leveraging the area's continued growth and the property's inherent appeal. The property is classified as both commercial and residential land, offering flexibility in development plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Holly Springs
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8427
    Latitude
    35.5953

    Comparable in this City

    • Value Estimation by Request
      9.86 Acres

      1220 Main St

      Land • 9.86 Acres
      1220 Main St, Holly Springs, NC 27540
      View Details
    • Value Estimation by Request
      1.12 Acres

      5321 Sunset Lake Rd

      Land • 1.12 Acres
      5321 Sunset Lake Rd, Holly Springs, NC 27540
      View Details
    • Value Estimation by Request
      6.23 Acres

      9890 Holly Springs Rd

      Land • 6.23 Acres
      9890 Holly Springs Rd, Holly Springs, NC 27540
      View Details
    • Value Estimation by Request

      7450 Gb Alford Hwy

      Land
      7450 Gb Alford Hwy, Holly Springs, NC 27540
      View Details
    • Value Estimation by Request
      1.98 Acres

      1601 Avent Ferry Rd

      Land • 1.98 Acres
      1601 Avent Ferry Rd, Holly Springs, NC 27540
      View Details
    • Value Estimation by Request
      1.74 Acres

      405 Main St

      Land • 1.74 Acres
      405 Main St, Holly Springs, NC 27540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9.86 Acres

      Holly Springs Commercial Land

      ±9.86 Acres, Prime Location
      1220 Main St, Holly Springs, NC 27540
      View Details
    • Contact for pricing
      1.12 Acres

      Holly Springs Commercial Land

      Prime Wake County development sites
      5321 Sunset Lake Rd, Holly Springs, NC 27540
      View Details
    • $1,200,000
      1.38 Acres

      Sunset Lake Commons Outparcel

      1.38-Acre Commercial Land, Holly Springs, NC
      201 Matthews Dr, Holly Springs, NC 27540
      View Details
    • $4,000,000
      6.23 Acres

      Holly Springs Commercial Land

      6.23 Acres, Prime Location, NMX Zoning
      9890 Holly Springs Rd, Holly Springs, NC 27540
      View Details
    • $824,900
      5.77 Acres

      Holly Springs Farm - 5.7 Acres

      Country Living Awaits! Build your dream home.
      113 Amelia Ln, Holly Springs, NC 27540
      View Details
    • New
      $1,500,000
      13.35 Acres

      Secluded Land in Holly Springs

      13.35 acres of private land, ideal for building dream home.
      6829 Sleeping Meadow Ln, Holly Springs, NC 27540
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo

      Updated Townhome with Community Amenities

      Three-bedroom townhome featuring updated kitchen and baths, community pool.
      135 Arbor Light Rd, Holly Springs, NC 27540
      View Details
    • $29 SF/Yr
      1,360 SF

      Holly Springs Retail Space Available

      Downtown Holly Springs retail space, 1,360 sq ft.
      2112 Werrington Dr, Holly Springs, NC 27540
      View Details
    • $26 SF/Yr
      41,567 SF

      Holly Springs Office Space Available

      Class A Office Suites, 834-1741 sq ft
      4928 Linksland Dr, Holly Springs, NC 27540
      View Details
    • Contact for pricing

      Retail Development in Holly Springs

      Retail development with grocery anchor, shop buildings, and outparcels.
      1100 Piney Grove Wilbon Rd, Holly Springs, NC 27540
      View Details
    • Contact for pricing
      44,960 SF

      Freestanding Manufacturing Building For Lease

      Manufacturing building in Holly Springs near major commercial developments.
      600 Irving Pkwy, Holly Springs, NC 27540
      View Details
    • $29 SF/Yr
      51,972 SF

      Retail Space in Holly Springs

      Second-generation retail space in a walkable, mixed-use neighborhood.
      Werrington Dr, Holly Springs, NC 27540
      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.
    2316 Piney Grove-Wilbon Rd
    Holly Springs, NC 27540
    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.