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    Ten Rd Efland, NC 27243
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    Property profile & analytics

    Ten Rd Efland, NC 27243

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    • Warehouses
    • 777,000 SF
    • 74.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Ten Rd

    Lot size
    74.00 lot acres
    Property size
    777,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This ±777,000 square foot industrial park in Efland, North Carolina, offers exceptional opportunities for distribution and warehouse operations. Situated on a 74-acre lot zoned Light Industrial (LI), this prime location provides immediate access to the I-40/85 confluence via Buckhorn Road (Exit 157) and Mt. Willing Road (Exit 160). The property boasts full city and utility services, along with flexible building and development options. The owner is open to build-to-suit arrangements for sale or lease. Proposed building sizes include approximately 252,000 square feet and 525,000 square feet, offering significant scalability for businesses of various sizes. This strategically located industrial center provides unparalleled access to major thoroughfares, making it an ideal location for efficient logistics and distribution networks. The property's address is West Ten Road, Efland, NC 27243. This is a planned Class A industrial park with significant potential for growth and development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Efland
    County
    Orange
    State
    North Carolina
    Longitude
    -79.1985
    Latitude
    36.0698

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      3104 Us Hwy 70th W

      INDUSTRIAL (GENERAL) • 1,500 SF
      3104 Us Hwy 70th W, Efland, NC 27243-9730
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    • Value Estimation
      $2,900,000
      31,000 SF

      3608 Us Hwy 70th W

      INDUSTRIAL (GENERAL) • 31,000 SF
      3608 Us Hwy 70th W, Efland, NC 27243-9824
      View Details
    • Value Estimation by Request
      1,682 SF

      Efland, NC 27243

      INDUSTRIAL (GENERAL) • 1,682 SF
      Efland, NC 27243
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    • Value Estimation by Request
      2,310 SF

      212 Brookhollow Rd

      INDUSTRIAL (GENERAL) • 2,310 SF
      212 Brookhollow Rd, Efland, NC 27243-8422
      View Details
    • Value Estimation
      $505,000
      7,654 SF

      3423 Forrest Ave

      INDUSTRIAL (GENERAL) • 7,654 SF
      3423 Forrest Ave, Efland, NC 27243-9784
      View Details
    • Value Estimation
      $850,000
      9,900 SF

      3510 Us Hwy 70th Wa

      INDUSTRIAL (GENERAL) • 9,900 SF
      3510 Us Hwy 70th Wa, Efland, NC 27243-8432
      View Details

    Similar Nearby for Sale

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      10.00 Acres

      Undeveloped Land in Rural Setting

      10-acre parcel in Efland, NC, suitable for custom home.
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      5.02 acre wooded lot, suitable for 3-4 bedroom home.
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    • $350,000
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    • $1,200,000
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      Land with I-85/I-40 Visibility

      9+ acres with excellent visibility near Efland exit.
      3605 W Ten Rd, Efland, NC 27243
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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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