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    Mccaskey Rd Williamston, NC 27892

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    Mccaskey Rd Williamston, NC 27892

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    • Retail properties & Spaces
    • 0.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Mccaskey Rd

    Lot size
    0.88 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 0.88-acre commercial land parcel presents a unique investment opportunity in the thriving town of Williamston, North Carolina. Located at 0 McCaskey Rd, 27892, this property is zoned O & I, allowing for a variety of commercial uses including office, retail, retail-pad, and other permitted businesses. The asking price is $72,000, translating to a land value of $102,272 per acre. This strategically located lot benefits from its proximity to key community assets. It's situated within a developed park, with five of eight Phase 1 sites already sold, indicating strong market demand. The remaining sites are particularly well-suited for businesses such as drugstores, urgent care facilities, insurance agencies, law offices, or medical practices. The property enjoys a highly visible location, surrounded by Martin County Hospital, Williamston High School, and a Super Walmart across US 17. This prime location places the property at the heart of Williamston's growth, offering excellent visibility and accessibility. Furthermore, its proximity to the intersection of US 17 and US 64 (designated as the future Interstate 87) ensures exceptional connectivity and future growth potential. Don't miss this chance to acquire a highly desirable commercial lot in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Martin
    State
    North Carolina
    Longitude
    -77.093
    Latitude
    35.8557

    Comparable in this City

    • Value Estimation by Request
      21,943 SF

      114 Washington St

      Individual retail properties • 21,943 SF
      114 Washington St, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      2.82 Acres

      Mccaskey Rd

      Land • 2.82 Acres
      0 Mccaskey Rd, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      10,542 SF

      1987 Main St

      Individual retail properties • 10,542 SF
      1987 Main St, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      4,320 SF

      Railroad St

      Individual retail properties • 4,320 SF
      0 Railroad St, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      1.33 Acres

      1399 Washington St

      Land • 1.33 Acres
      1399 Washington St, Williamston, NC 27892
      View Details
    • Value Estimation by Request
      0.13 Acres

      304 Railroad St

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      304 Railroad St, Williamston, NC 27892
      View Details

    Similar Nearby for Sale

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    • $280,000
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      Highly Visible Corner Commercial Lot

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      Commercial Building in Prime Location

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    • $445,000
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      Prime Williamston Commercial Property

      Large lot, high-traffic location, great potential.
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    • $57,500
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      Downtown Commercial Land in Williamston

      Commercial or mixed-use land in downtown Williamston, North Carolina.
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    Similar Nearby for Lease

    • $3,500 /Mo
      3,652 SF

      Retail Building with Lease Option

      3,652 SF retail building with flexible lease and build-out options.
      615 Washington St, Williamston, NC 27892
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    • Contact for pricing
      3,070 SF

      Retail Space in Williamston, NC

      Retail space available in shopping center anchored by Piggly Wiggly.
      908 Washington St, Williamston, NC 27892
      View Details
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    Williamston, NC 27892
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    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
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    Mccaskey Rd, Williamston, NC, 27892

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