Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    505 Jackson Blvd Erwin, NC 28339

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 Jackson Blvd Erwin, NC 28339

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

    Current Use by Public Records

    • Land

    Property Details for 505 Jackson Blvd

    Lot size
    1.95 lot acres
    Property type
    Land

    Description

    This exceptional 1.95-acre commercial land parcel presents a remarkable investment opportunity in the thriving town of Erwin, North Carolina. Strategically located at 505 E Jackson Blvd, this property boasts a highly visible position adjacent to established businesses such as Zaxby's, Walmart, and Lowe's Home Improvement, ensuring significant exposure to a substantial customer base. The site benefits from exceptional daily traffic volume, with an estimated 15,000 vehicles passing by on E Jackson Blvd, according to North Carolina Department of Transportation data. The property features a convenient right-in/right-out access point, complete with a pre-installed turning lane, optimizing ease of access for customers and employees. Zoned Highway Business, this versatile lot allows for a wide range of retail and service-oriented commercial developments, providing flexibility for diverse business ventures. With its prime location, high traffic count, and convenient access, this property represents an unparalleled chance to establish a successful commercial enterprise in a rapidly growing area of Harnett County. The asking price for this exceptional opportunity is $1,050,000. The property's address is 505 E Jackson Blvd, Erwin, NC 28339.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erwin
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.6498
    Latitude
    35.3247

    Comparable in this City

    • Value Estimation by Request

      Barnes Dr

      Land
      0 Barnes Dr, Erwin, NC 28339
      View Details
    • Value Estimation by Request
      32.80 Acres

      Us Highway 421

      Land • 32.80 Acres
      0 Us Highway 421, Erwin, NC 28339
      View Details
    • Value Estimation by Request
      18.12 Acres

      Jackson Blvd

      Land • 18.12 Acres
      0 Jackson Blvd, Erwin, NC 28339
      View Details
    • Value Estimation by Request
      0.70 Acres

      45 Shriji Ln

      Land • 0.70 Acres
      45 Shriji Ln, Erwin, NC 28339
      View Details
    • Value Estimation by Request
      0.96 Acres

      Masonic Rd

      Land • 0.96 Acres
      0 Masonic Rd, Erwin, NC 28339
      View Details
    • Value Estimation by Request
      25.00 Acres

      288 Crab Apple Ln

      Land • 25.00 Acres
      288 Crab Apple Ln, Erwin, NC 28339
      View Details

    Similar Nearby for Sale

    • New
      $99,000
      Pending

      Land For Sale in Erwin

      1.76 acre lot in Erwin, convenient to I-95 and I-40.
      Raiford Rd, Erwin, NC 28339
      View Details
    • $935,460
      51.97 Acres

      51.97 Acres Cleared and Wooded Land

      51.97 acres of land close to I-95 and I-40.
      5562 Titan Roberts Rd, Erwin, NC 28339
      View Details
    • $173,900

      Land For Sale in Erwin

      Land available near Walmart on E Jackson Boulevard, Erwin, NC.
      660 E Jackson Blvd, Erwin, NC 28339
      View Details
    • Contact for pricing

      Land For Sale

      Commercial land available for sale.
      E I St, Erwin, NC 28339
      View Details
    • $173,900
      19.87 Acres

      Erwin, NC Land Opportunity

      19.87 acre commercial land near Walmart shopping center.
      660 E Jackson Blvd, Erwin, NC 28339
      View Details
    • $330,000
      1.31 Acres

      Erwin, NC Commercial Land

      Commercial land for sale in Erwin, North Carolina.
      650 E Jackson Blvd, Erwin, NC 28339
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Harnett County Industrial Park Space

      Industrial park with warehouse and office spaces for lease.
      200 North 13Th St, Erwin, NC 28339
      View Details
    • Contact for pricing

      Commercial Property in Thriving Location

      Ideally situated commercial property with convenient access to transportation.
      100 N 13Th St, Erwin, NC 28339
      View Details
    • Contact for pricing

      Ideally Situated Business Environment

      Thriving business environment with convenient access to transportation.
      200 N 13Th St, Erwin, NC 28339
      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.
    505 Jackson Blvd
    Erwin, NC 28339
    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

    505 Jackson Blvd, Erwin, NC, 28339

    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!