Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grandview Cir Traphill, NC 28685
    Back to Search
    Property profile & analytics

    Grandview Cir Traphill, NC 28685

    View on Map
    • Land
    • 0.68 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Grandview Cir

    Lot size
    0.68 lot acres
    Property type
    Land

    Description

    This exceptional 0.68-acre commercial land parcel presents a unique investment opportunity in the desirable Greenstreet Mountain Subdivision of Traphill, North Carolina. Located in Wilkes County, this property boasts a picturesque setting, offering convenient access to both the renowned Stone Mountain State Park and the prestigious Stone Mountain Golf Resort. Imagine the possibilities of developing this land, surrounded by the natural beauty of the Blue Ridge Mountains and the tranquility of the surrounding landscape. The property's proximity to local wineries adds to its appeal, providing potential for synergistic business ventures. The address is 0 Grandview Circle, Traphill, NC 28685, with GPS coordinates 36.362429 latitude and -81.0779663 longitude. This is a rare chance to acquire a substantial piece of land in a highly sought-after area, perfect for a variety of commercial endeavors. The asking price for this remarkable property is $24,900. Don't miss this opportunity to own a piece of the stunning North Carolina mountain landscape and capitalize on its commercial potential. The lot is zoned for commercial use. Further due diligence is recommended to confirm zoning and development possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Traphill
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.078
    Latitude
    36.3624

    Comparable in this City

    • Value Estimation by Request
      0.61 Acres

      115 Bordeaux Ln

      COMMERCIAL (GENERAL) • 0.61 Acres
      115 Bordeaux Ln, Traphill, NC 28685-9293
      View Details
    • Value Estimation by Request
      0.11 Acres

      8858 Traphill Rd

      COMMERCIAL (GENERAL) • 0.11 Acres
      8858 Traphill Rd, Traphill, NC 28685-9027
      View Details
    • Value Estimation by Request
      1.49 Acres

      8899 Traphill Rd

      COMMERCIAL (GENERAL) • 1.49 Acres
      8899 Traphill Rd, Traphill, NC 28685-9027
      View Details
    • Value Estimation by Request
      0.35 Acres

      8660 Austin Traphill Rd

      COMMERCIAL (GENERAL) • 0.35 Acres
      8660 Austin Traphill Rd, Traphill, NC 28685
      View Details
    • Value Estimation by Request
      3.00 Acres

      11415 Longbottom Rd

      COMMERCIAL (GENERAL) • 3.00 Acres
      11415 Longbottom Rd, Traphill, NC 28685-8717
      View Details
    • Value Estimation by Request
      1.40 Acres

      660 Round Hl Church Rd

      COMMERCIAL (GENERAL) • 1.40 Acres
      660 Round Hl Church Rd, Traphill, NC 28685
      View Details

    Similar Nearby for Sale

    • $1,310,000
      200.00 Acres

      Sprawling Mountain Retreat Land

      200-acre mountain property with panoramic views and multiple amenities.
      Swaringen Rd, Traphill, NC 28685
      View Details
    • Contact for pricing

      Greenstreet Building Lot For Sale

      Building lot available in Greenstreet.
      111 Clubhouse Dr, Traphill, NC 28685
      View Details
    • Contact for pricing
      0.61 Acres

      Golf Course Lot For Sale

      0.61 acre golf course lot in Stone Mountain community.
      Greenstreet Dr, Traphill, NC 28685
      View Details
    • Contact for pricing

      7.58 Acres Homesite Opportunity

      7.58 acres of land suitable for a homesite.
      TBD001 Christian Home Church Rd, Traphill, NC 28685
      View Details
    • $122,500

      6.71 Acre Land Parcel

      Land parcel suitable for a home, horses, or hobby farm.
      TBD002 Christian Home Church Rd, Traphill, NC 28685
      View Details
    • Contact for pricing

      Greenstreet Building Lot For Sale

      Building lot available in Greenstreet.
      111 Clubhouse Dr, Traphill, NC 28685
      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.
    Grandview Cir
    Traphill, NC 28685
    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

    Thank You for Inquiry
    Grandview Cir, Traphill, NC, 28685
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!