Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8957 Nc 96 Hwy Benson, NC 27504
    Property profile & analytics

    8957 Nc 96 Hwy, Benson, NC 27504

    View on Map
    • Industrial properties
    • 3.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 8957 Nc 96 Hwy

    Year built
    1970
    Lot size
    3.00 lot acres
    Property type
    Industrial properties

    Description

    This 3-acre Johnston County industrial property at 8957 S NC 96 Highway, Benson, NC, is listed at $799,999. Currently vacant, this warehouse presents a unique opportunity for owner-operators seeking a renovation project. Priced significantly below replacement cost, this property offers substantial upside potential. The building previously served as agricultural warehousing, featuring four drive-in doors and a 20-foot ceiling clearance. The existing structure provides a solid foundation for a variety of industrial uses, with endless possibilities for renovation and customization to suit specific business needs. The property's ample 3-acre lot allows for expansion or additional outdoor storage. A well water source is already on-site, providing a cost-effective water solution. This is an exceptional opportunity to acquire a well-located industrial property in Johnston County at a highly competitive price, ideal for those seeking a hands-on project with significant return potential. The property is currently vacant and ready for immediate occupancy and renovation. Act quickly to secure this prime industrial asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Benson
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.4562
    Latitude
    35.318

    Comparable in this City

    • Value Estimation
      $4,775,000
      95,656 SF

      1203 Chicopee Rd

      INDUSTRIAL (GENERAL)
      1203 Chicopee Rd, Benson, NC 27504-2121
      View Details
    • Value Estimation
      $1,325,000
      8,400 SF

      194 Federal Rd Ext

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      194 Federal Rd Ext, Benson, NC 27504-9014
      View Details
    • Value Estimation by Request
      2,560 SF

      1089 Surles Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      1089 Surles Rd, Benson, NC 27504-7939
      View Details
    • Value Estimation by Request
      270,734 SF

      1230 Chicopee Rd

      Distribution properties
      1230 Chicopee Rd, Benson, NC 27504
      View Details
    • Value Estimation by Request
      24.10 Acres

      4963 Us 301st N

      INDUSTRIAL (GENERAL)
      4963 Us 301st N, Benson, NC 27504
      View Details
    • Value Estimation
      $1,580,000
      12,060 SF

      636 Old Roberts Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      636 Old Roberts Rd, Benson, NC 27504-8006
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Johnston County Industrial Warehouse

      Vacant warehouse perfect for owner operator; priced below replacement.
      8957 S Nc 96 Hwy, Benson, NC 27504
      View Details
    • Contact for pricing

      Pad Ready Manufacturing Facility

      270,734 SF pad ready for manufacturing, permits in hand.
      1230 Chicopee Rd, Benson, NC 27504
      View Details
    • Contact for pricing

      Pad-Ready Industrial Warehouse Site

      A large pad-ready industrial development site with permits in hand and strong access to I-95 and I-40 exits.
      1230 Chicopee Rd, Benson, NC 27504
      View Details
    • Contact for pricing

      Benson, NC Development Opportunity

      28+ acres with frontage on two roads, public water.
      3371 Baileys Crossroads Rd, Benson, NC 27504
      View Details
    • Contact for pricing

      17.90 AC Farm Land Available

      17.90 AC tract with pasture and woods, partially cleared.
      Beasley Rd, Benson, NC 27504
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale.
      871 N Pleasant Coates Rd, Benson, NC 27504
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Benson County Commercial Land

      Prime 2.19-acre commercial lot.
      0 Commercial Pkwy & Hwy 210, Benson, NC 27504
      View Details
    • Contact for pricing

      Pad Ready Land For Rent

      Pad ready land available for rent with construction permits.
      1230 Chicopee Rd, Benson, NC 27504
      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.
    8957 Nc 96 Hwy
    Benson, NC 27504
    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
    8957 Nc 96 Hwy, Benson, NC, 27504
    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!