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    College St Mount Olive, NC 28365

    • Office Properties & Spaces
    • 52,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 0 College St

    Property size
    52,000 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional Class A executive office space, totaling 52,000 square feet, is ideally situated in Mount Olive, North Carolina, at One East College. The property boasts a highly desirable location within a vibrant mixed-use development, offering unparalleled convenience and accessibility. The building features an attached parking garage, ensuring ample parking for tenants and visitors. Its strategic placement provides easy access to key amenities and transportation routes. The development itself is a dynamic hub, incorporating a boutique hotel, retail spaces, residential condos, and event venues. This prime location offers walkability to the new Rutherford County Judicial Complex and Murfreesboro Square, enhancing its appeal for businesses seeking a central and accessible location. Furthermore, its proximity to Middle Tennessee State University (MTSU) and Interstate 24 (within 5 and 10 minutes respectively) provides exceptional connectivity for employees and clients. The property was initially available in the first quarter of 2021 and presents a unique opportunity for businesses seeking a prestigious and well-appointed office space in a thriving community. The address is One East College, Mount Olive, NC 28365, in Wayne County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Olive
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.0611
    Latitude
    35.1963

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      204 Ctr St

      CONDOMINIUM OFFICES • 0.03 Acres
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    • Value Estimation by Request
      0.62 Acres

      236 Smith Chapel Rd

      MEDICAL BUILDING • 0.62 Acres
      236 Smith Chapel Rd, Mount Olive, NC 28365-1917
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    • Value Estimation by Request
      425 SF

      100 Davis St

      OFFICE BUILDING • 425 SF
      100 Davis St, Mount Olive, NC 28365-1100
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    • Value Estimation by Request
      2,356 SF

      1240 Breazeale Ave

      OFFICE BUILDING • 2,356 SF
      1240 Breazeale Ave, Mount Olive, NC 28365-8810
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    • Value Estimation by Request
      2,700 SF

      939 Breazeale Ave

      OFFICE BUILDING • 2,700 SF
      939 Breazeale Ave, Mount Olive, NC 28365-1103
      View Details
    • Value Estimation by Request
      1,860 SF

      217 Ctr St

      OFFICE BUILDING • 1,860 SF
      217 Ctr St, Mount Olive, NC 28365
      View Details

    Similar Nearby for Sale

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      0.55 Acres

      Mount Olive In-Town Lot

      0.55 acre lot near University of Mount Olive.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Mount Olive Warehouse and Office

      36,205 SF office, warehouse, and refrigerated facility for lease.
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    College St
    Mount Olive, NC 28365
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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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