Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    901 Nc-306 Grantsboro, NC 28529
    Back to Search
    Property profile & analytics

    901 Nc-306 Grantsboro, NC 28529

    View on Map
    • Commercial real estate
    • 6,819 SF
    • 2.37 lot acres
    For Sale
    $340,000
    View Listing →
    Prime Grantsboro Commercial Land For Sale
    $340,000
    6,819 SF

    Prime Grantsboro Commercial Land

    6,819 sq ft building on 2.37 acres

    Kennells Beach, NC 28529
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 901 Nc-306

    Year built
    1990
    Lot size
    2.37 lot acres
    Property size
    6,819 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 901 NC-306 in Grantsboro, North Carolina, presents a significant opportunity for investors and entrepreneurs. The property boasts a substantial 6,819 square feet of building space, offering ample room for a variety of commercial ventures. Situated on a generous 2.37-acre lot, the property provides ample space for expansion, parking, or outdoor operations. The building's versatile layout allows for customization to suit diverse business needs. Its strategic location in Grantsboro offers excellent visibility and accessibility, making it an ideal location for attracting customers and clients. The asking price of $340,000 represents a compelling investment opportunity in a growing market. This property is classified as "Other" in property type, suggesting a unique potential for creative adaptation and development. The substantial size of both the building and the land parcel provides significant flexibility for future growth and expansion. This is a rare opportunity to acquire a large commercial property in a desirable location at a competitive price. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property is ready for immediate occupancy and offers a blank canvas for your business vision. Don't miss this chance to secure a prime commercial asset in Grantsboro.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grantsboro
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.846
    Latitude
    35.1534

    Comparable in this City

    • Value Estimation by Request
      7,242 SF

      10766 Nc 55th Hwy

      RETAIL STORES (PERSONAL SERVICES) • 7,242 SF
      10766 Nc 55th Hwy, Grantsboro, NC 28529-9449
      View Details
    • Value Estimation by Request
      2,376 SF

      771 Nc 306th S Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,376 SF
      771 Nc 306th S Hwy, Grantsboro, NC 28529
      View Details
    • Value Estimation
      $540,000
      1,600 SF

      11326 Nc 55th Hwy

      WAREHOUSE, STORAGE • 1,600 SF
      11326 Nc 55th Hwy, Grantsboro, NC 28529-9451
      View Details
    • Value Estimation by Request
      1,500 SF

      88 Wills Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,500 SF
      88 Wills Ln, Grantsboro, NC 28529
      View Details
    • Value Estimation by Request
      576 SF

      3720 Nc 306th S Hwy

      LIGHT INDUSTRIAL • 576 SF
      3720 Nc 306th S Hwy, Grantsboro, NC 28529
      View Details
    • Value Estimation by Request
      3.20 Acres

      1797 Goose Crk Rd

      MOBILE HOME PARK, TRAILER PARK • 3.20 Acres
      1797 Goose Crk Rd, Grantsboro, NC 28529-9545
      View Details

    Similar Nearby for Sale

    • $340,000
      6,819 SF

      Prime Grantsboro Commercial Land

      6,819 sq ft building on 2.37 acres
      901 Nc-306, Grantsboro, NC 28529
      View Details
    • $179,000
      34.16 Acres

      Waterfront Land in Grantsboro, NC

      Unrestricted waterfront land suitable for hunters, investors, or developers.
      D08-67 John Pollock Rd, Grantsboro, NC 28529
      View Details
    • $340,000
      1.32 Acres

      Waterfront Lot on Baird Creek

      Premium waterfront lot with dock and seawall in Grantsboro, NC.
      454 Baird Pt Rd, Grantsboro, NC 28529
      View Details
    • $1,199,000
      476.00 Acres

      476 Acres of Vacant Land

      Large vacant land parcel available in Grantsboro, North Carolina.
      Goose Creek Rd, Grantsboro, NC 28529
      View Details
    • $375,000
      16.00 Acres

      Grantsboro Commercial Development Opportunity

      16 acres of commercial land near major retailers.
      Nc 55 Hwy, Grantsboro, NC 28529
      View Details
    • $149,500
      25.11 Acres

      Land with Goose Creek Frontage

      25.11 acres with over 1000' frontage on Goose Creek.
      D08-66 John Pollock Rd, Grantsboro, NC 28529
      View Details
    View Listing
    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.
    901 Nc-306
    Grantsboro, NC 28529
    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
    901 Nc-306, Grantsboro, NC, 28529
    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!