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

    2 Taylor Rd Louisburg, NC 27549

    • Land
    • 2.00 lot acres
    For Sale
    View listing
    $155,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Taylor Rd

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 2-acre commercial land parcel, located at 2 Taylor Rd, Louisburg, NC 27549, presents a unique investment opportunity. Zoned LI (Light Industrial), this flat, well-configured lot offers approximately 200 linear feet of road frontage, providing excellent accessibility. The property is partially wooded and boasts no restrictive covenants, allowing for maximum flexibility in development plans. Its advantageous location offers proximity to key infrastructure, including the Franklin County Airport and Highway 401, ensuring convenient transportation links. The asking price for this exceptional property is $155,000. The land is currently vacant, presenting a clean slate for immediate development. Given its zoning, size, and location, this property is well-suited for a variety of light industrial uses, making it an attractive proposition for both investors and businesses seeking a strategic location in Louisburg, North Carolina. The lease expiration date is November 16, 2023, and there is no remaining lease term.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.3237
    Latitude
    36.0166

    Comparable in this City

    • Value Estimation by Request
      5.59 Acres

      Us-401

      Land • 5.59 Acres
      0 Us-401, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      1.28 Acres

      Us-401

      Land • 1.28 Acres
      0 Us-401, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      18.83 Acres

      Burke Blvd

      Land • 18.83 Acres
      0 Burke Blvd, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      92.37 Acres

      277 Laurel Mill Rd

      Land • 92.37 Acres
      277 Laurel Mill Rd, Centerville, NC 27549
      View Details
    • Value Estimation by Request
      16.60 Acres

      401 Hwy

      Land • 16.60 Acres
      401 Hwy, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      1.15 Acres

      56 Hwy 401 & Hwy

      Land • 1.15 Acres
      56 Hwy 401 & Hwy, Louisburg, NC 27549
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.07 Acres

      Louisburg Walmart Outparcel Land

      Prime NC commercial land near Walmart.
      0 Hwy 401 & Hwy 56, Louisburg, NC 27549
      View Details
    • $390,000
      1.28 Acres

      US-401 Louisburg Commercial Land

      High-traffic retail land, 1.28 acres.
      0 Us-401, Louisburg, NC 27549
      View Details
    • Contact for pricing
      1.87 Acres

      Louisburg Walmart Outparcel Land

      Prime NC commercial land near Walmart.
      0 Hwy 401 & Hwy 56, Louisburg, NC 27549
      View Details
    • $675,000
      1.93 Acres

      US-401 Louisburg Retail Outparcel

      High-traffic NC land, prime retail location.
      0 Us-401, Louisburg, NC 27549
      View Details
    • $440,000
      3.66 Acres

      US-401 Louisburg Commercial Land

      High-traffic retail land, 3.66 acres.
      0 Us-401, Louisburg, NC 27549
      View Details
    • $2,200,000
      16.60 Acres

      Hwy 401 Prime Commercial Land

      16.6 Acres, $2.2M, Louisburg, NC
      0 Hwy 401, Louisburg, NC 27549
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,980 SF

      Executive Office Suite Louisburg, NC

      Prime Louisburg Office Space - 1,980 SF
      142 Bickett Blvd, Louisburg, NC 27549
      View Details
    • $19,800 /Mo
      1,800 SF

      Louisburg Executive Office Space

      1800 sq ft, updated office/retail space
      614B Bickett Blv, Louisburg, NC 27549
      View Details
    • Contact for pricing
      20,000 SF

      Louisburg Plaza Retail Space Available

      Prime Retail Strip Center, Hwy 401 & NC 56
      0 Walmart Supercenter Anchored Shopping Ctr, Louisburg, NC 27549
      View Details
    • Contact for pricing
      757 SF

      Louisburg Executive Office Suite

      757 SF Office Space For Lease
      308 Bickett Blvd, Louisburg, NC 27549
      View Details
    • Contact for pricing
      2,036 SF

      Prime Louisburg Executive Office Space

      2,036 sq ft, Single Tenant Office Available
      216 Bickett Blvd, Louisburg, NC 27549
      View Details
    • $17 SF/Yr
      19,322 SF

      Prime Louisburg Medical Office

      19,322 SF Medical Office Building For Lease
      3521 Haworth Dr, Louisburg, NC 27549
      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.
    2 Taylor Rd
    Louisburg, NC 27549
    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.

    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
    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.