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    Property profile & analytics

    4 Winston Rd Jonesville, NC 28642

    • Commercial real estate
    • 1.00 lot acres
    For Sale
    View listing
    $295,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4 Winston Rd

    Year built
    2019
    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1-acre commercial parcel presents a unique investment opportunity in Jonesville, NC. Boasting a highly visible location directly across from the Jonesville Town Offices, this property benefits from exceptional traffic counts due to its proximity to major roadways and amenities. It's situated just 0.5 miles from the I-77 Exit 82 interchange, a key location with a concentration of businesses including four hotels, Cracker Barrel, McDonald's, Wendy's, Bojangles, and a Waffle House. This high-traffic area is further enhanced by two RV parks completed in Spring 2021 within a half-mile radius. The property offers ample municipal water and sewer availability, along with natural gas extending to neighboring properties, ensuring seamless utility connections. Development potential is further amplified by the availability of over 20 adjacent acres. While a portion of Parcel 4 falls within the 100-year floodplain, this should be considered during any development planning. This prime location and its strategic positioning make it an ideal site for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this significant commercial land offering. The property is priced at $295,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jonesville
    County
    Yadkin
    State
    North Carolina
    Longitude
    -80.8447
    Latitude
    36.2395

    Comparable in this City

    • Value Estimation by Request
      3,900 SF

      143 Main St

      COMMERCIAL (GENERAL) • 3,900 SF
      143 Main St, Jonesville, NC 28642-2124
      View Details
    • Value Estimation by Request
      1.50 Acres

      Winston Rd

      Restaurants • 1.50 Acres
      0 Winston Rd, Jonesville, NC 28642
      View Details
    • Value Estimation by Request
      1.00 Acre

      3 Winston Rd

      Commercial real estate • 1.00 Acre
      3 Winston Rd, Jonesville, NC 28642
      View Details
    • Value Estimation by Request
      2.50 Acres

      2 Winston Rd

      Commercial real estate • 2.50 Acres
      2 Winston Rd, Jonesville, NC 28642
      View Details
    • Value Estimation by Request
      900 SF

      3900 Ctr Rd

      COMMERCIAL (GENERAL) • 900 SF
      3900 Ctr Rd, Jonesville, NC 28642-9122
      View Details
    • Value Estimation by Request
      28.00 Acres

      2100 Nc Hwy 67 Hwy

      Commercial real estate • 28.00 Acres
      2100 Nc Hwy 67 Hwy, Jonesville, NC 28642
      View Details

    Similar Nearby for Sale

    • $600,000
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      Jonesville Commercial Land Opportunity

      High-visibility, 2.5-acre lot, prime location.
      2 Winston Rd, Jonesville, NC 28642
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    • $525,000
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      Jonesville, NC Land - 21 Acres

      Prime Development Land, R-12 Zoning
      1 Valley Dr, Jonesville, NC 28642
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    • $295,000
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      Jonesville Commercial Land Investment

      High-visibility, I-77 Exit 82 access.
      3 Winston Rd, Jonesville, NC 28642
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    • $295,000
      1.00 Acre

      Jonesville Commercial Land Investment

      High-visibility, I-77 Exit 82 access.
      3 Winston Rd, Jonesville, NC 28642
      View Details
    • $295,000
      1.00 Acre

      Jonesville Commercial Land Investment

      High-visibility lot near I-77, 1 acre.
      4 Winston Rd, Jonesville, NC 28642
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    • $600,000
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      Jonesville Corner Lot Investment

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      1 Winston Rd, Jonesville, NC 28642
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    4 Winston Rd
    Jonesville, NC 28642
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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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