Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8000 Knightdale Blvd Knightdale, NC 27545
    Property profile & analytics

    8000 Knightdale Blvd Knightdale, NC 27545

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

    Current Use by Public Records

    • Land

    Property Details for 8000 Knightdale Blvd

    Lot size
    6.09 lot acres
    Property type
    Land

    Description

    This exceptional 6.09-acre commercial land parcel presents a remarkable investment opportunity in the thriving town of Knightdale, North Carolina. Located at 8000 Knightdale Boulevard (APN 1754983506), this property is zoned RT and offers unparalleled access to a bustling retail corridor and a rapidly expanding residential community. The site enjoys high visibility and convenient proximity to major retailers such as Lowe's Home Improvement and Big Lots, along with a variety of restaurants and shops. Its strategic location directly benefits from the proximity to Knightdale Station, a new residential development projected to encompass over 800 homes upon completion. Further enhancing its appeal, the property is situated adjacent to the Knightdale YMCA Aquatic Center, Thales Academy, and the expansive 76-acre Town of Knightdale Park. This combination of established commercial activity, burgeoning residential growth, and recreational amenities creates a highly desirable location for a wide range of commercial ventures. The asking price for this exceptional property is $1,370,000. This is a rare opportunity to acquire a significant land parcel in a prime location poised for continued growth and development within Wake County. Don't miss this chance to secure a piece of Knightdale's vibrant future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Knightdale
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4632
    Latitude
    35.8056

    Comparable in this City

    • Value Estimation by Request

      7701 Knightdale Blvd

      Land
      7701 Knightdale Blvd, Knightdale, NC 27545
      View Details
    • Value Estimation by Request
      25.08 Acres

      Hudge Rd

      Land • 25.08 Acres
      0 Hudge Rd, Knightdale, NC 27545
      View Details
    • Value Estimation by Request
      3.90 Acres

      949 Old Knight Rd

      Land • 3.90 Acres
      949 Old Knight Rd, Knightdale, NC 27545
      View Details
    • Value Estimation by Request
      32.69 Acres

      4800 Clifton Rd

      Land • 32.69 Acres
      4800 Clifton Rd, Knightdale, NC 27545
      View Details
    • Value Estimation by Request
      2.55 Acres

      Big Oak Ct

      Land • 2.55 Acres
      0 Big Oak Ct, Knightdale, NC 27545
      View Details
    • Value Estimation by Request

      5128 Rolesville Rd

      Land
      5128 Rolesville Rd, Knightdale, NC 27545
      View Details

    Similar Nearby for Sale

    • New
      $1,500,000
      13.09 Acres

      Knightdale Land Development Opportunity

      13 acre land parcel in rapidly growing Knightdale, NC.
      Old Ferrell Rd, Knightdale, NC 27545
      View Details
    • Contact for pricing
      174 SF

      Land Near Knightdale and Wendell

      Large land parcel near growing Knightdale and Wendell Falls.
      2019 Marks Creek Rd, Knightdale, NC 27545
      View Details
    • $990,000

      Land Available in Knightdale, NC

      Land for sale at 8323 Poole Road, Knightdale, NC.
      8323 Poole Rd, Knightdale, NC 27545
      View Details
    • Contact for pricing

      60 Acres Knightdale Development Land

      60 acres of land suitable for residential or commercial development.
      5271 Ebc Village Way, Knightdale, NC 27545
      View Details
    • $365,000

      Commercial Land on Knightdale Blvd

      Commercial land with utilities and frontage on Knightdale Blvd.
      7801 Knightdale Blvd, Knightdale, NC 27545
      View Details
    • Contact for pricing
      1,344 SF

      Prime Development Site on Hwy 64

      2.10-acre site ideal for retail, medical, or mixed-use development.
      3007 S Smithfield Rd, Knightdale, NC 27545
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Knightdale Retail Pad Site

      0.56-acre pad site in front of Kohl's for ground lease.
      302 Hinton Oaks Blvd, Knightdale, NC 27545
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Land in rapidly growing Eastern Wake County near established retailers.
      202 Hinton Oaks Blvd, Knightdale, NC 27545
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail center with high visibility and diverse customer base.
      102 S 1St Ave, Knightdale, NC 27545
      View Details
    • Contact for pricing

      Versatile Space in Growing Knightdale

      Retail, office, or flex space with roll-up door.
      5007 Village Park Dr, Knightdale, NC 27545
      View Details
    • $1,000 /Mo
      1,000 SF

      Updated Office Condo For Rent

      Updated second floor office condo available for lease.
      7419 Knightdale Blvd, Knightdale, NC 27545
      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.
    8000 Knightdale Blvd
    Knightdale, NC 27545
    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
    8000 Knightdale Blvd, Knightdale, NC, 27545
    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!