Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Us 70 Hwy Princeton, NC 27569
    Back to Search
    Property profile & analytics

    Us 70 Hwy Princeton, NC 27569

    View on Map
    • Commercial real estate
    • 1.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Us 70 Hwy

    Lot size
    1.16 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a rare opportunity to establish your business presence along the heavily trafficked US Highway 70 in Princeton, North Carolina. The 1.16-acre lot offers significant visibility and accessibility, making it ideal for a wide range of commercial ventures. Its strategic location ensures high traffic counts, providing excellent exposure to potential customers. The property's size allows for ample space for building construction or expansion, accommodating various business needs. The asking price of $278,000 represents a compelling investment in a thriving North Carolina community. This is a blank canvas for your entrepreneurial vision, offering the potential for substantial return on investment. The property is zoned for general commercial use, providing flexibility in development options. Given its prime location and size, this property is expected to attract considerable interest. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land offers. Act quickly to secure this valuable asset in a rapidly growing market. The property's address is W Us 70 Highway, Princeton, NC. Further details regarding zoning regulations and development possibilities are readily available upon request. Don't miss this chance to acquire a highly visible and strategically located commercial property in a dynamic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.2369
    Latitude
    35.4818

    Comparable in this City

    • Value Estimation by Request
      1.01 Acres

      Oakland Church Rd

      COMMERCIAL (GENERAL) • 1.01 Acres
      Oakland Church Rd, Princeton, NC 27569
      View Details
    • Value Estimation by Request
      4,550 SF

      609 1st St

      COMMERCIAL (GENERAL) • 4,550 SF
      609 1st St, Princeton, NC 27569-6842
      View Details
    • Value Estimation by Request
      2,975 SF

      110 Ctr St

      COMMERCIAL (GENERAL) • 2,975 SF
      110 Ctr St, Princeton, NC 27569-7343
      View Details
    • Value Estimation by Request
      2,000 SF

      112 Ctr St

      COMMERCIAL (GENERAL) • 2,000 SF
      112 Ctr St, Princeton, NC 27569-7343
      View Details
    • Value Estimation by Request
      3,872 SF

      105 Ctr St

      COMMERCIAL (GENERAL) • 3,872 SF
      105 Ctr St, Princeton, NC 27569-7344
      View Details
    • Value Estimation by Request
      2,000 SF

      116 Edwards St

      COMMERCIAL (GENERAL) • 2,000 SF
      116 Edwards St, Princeton, NC 27569
      View Details

    Similar Nearby for Sale

    • $775,000
      Pending

      Highway 70 Commercial Warehouse

      22,400 SF warehouse on 4.24 acres with ample parking.
      9710 Us Highway 70, Princeton, NC 27569
      View Details
    • New
      $32,000
      Pending

      Commercial Land in Princeton, NC

      Commercial land with road frontage, suitable for small business.
      4717 U.S 70 E, Princeton, NC 27569
      View Details
    • New
      $117,516
      2.60 Acres

      2.6 Acres in Princeton, NC

      Land with mobile home in Princeton school district.
      2057 Old Rock Quarry Rd, Princeton, NC 27569
      View Details
    • New
      $115,000
      4.50 Acres

      Residential Land in Princeton, NC

      4.5 acre residential lot in Johnston County.
      Radford Rd, Princeton, NC 27569
      View Details
    • $111,550

      Land Available Near US-70

      Land near US-70 W and NC-39 S in Princeton, NC.
      101 Eddie Dr, Princeton, NC 27569
      View Details
    • $111,550
      0.28 Acres

      Single Wide Mobile Home

      Single wide mobile home on .28 acre lot.
      116 Linda St, Princeton, NC 27569
      View Details

    Similar Nearby for Lease

    • $950 /Mo
      Pending

      Downtown Princeton Storefront Office/Retail Space

      Storefront office/retail space in downtown Princeton, growing community.
      113 W Edwards St, Princeton, NC 27569
      View Details
    • Contact for pricing

      Freestanding Retail Building in Princeton

      13,000 SF retail building in rapidly growing Princeton, NC.
      620 Dr Donnie H Jones Jr Blvd, Princeton, NC 27569
      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.
    Us 70 Hwy
    Princeton, NC 27569
    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
    Us 70 Hwy, Princeton, NC, 27569
    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!