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    167 State Hwy Ramseur, NC 27316
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    167 State Hwy Ramseur, NC 27316

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    • Land
    • 1.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 167 State Hwy

    Lot size
    1.76 lot acres
    Property type
    Land

    Description

    This exceptional 1.76-acre commercial land parcel presents a prime development opportunity in the thriving town of Ramseur, North Carolina. Located at 167 State Hwy 49, this property boasts a highly desirable location with significant traffic volume, making it ideal for a variety of commercial ventures. The permitted zoning is B, offering flexibility for various uses, including but not limited to service stations and retail establishments. The property's APN is 8702-75-7488. This strategically positioned land offers significant potential for investors seeking high-return opportunities in a growing market. The asking price is $775,000. This 1.76-acre lot presents a compelling investment prospect, particularly given its potential for development and its location in a high-traffic area. Note that adjacent properties totaling 2.75 acres are also available for purchase, presenting an opportunity to acquire a larger contiguous parcel. This presents a unique chance to secure a substantial land holding in a prime commercial location within Randolph County, NC, zip code 27316. The property's coordinates are 35.7418848 latitude and -79.6471623 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ramseur
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.6472
    Latitude
    35.7419

    Comparable in this City

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      15.00 Acres

      5713 Us-64

      Land • 15.00 Acres
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      6.91 Acres

      7121 Jordan Rd

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      1,200 SF

      108 Weatherly Sq

      COMMERCIAL CONDOMINUIM • 1,200 SF
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      1,200 SF

      107 Weatherly Sq

      COMMERCIAL CONDOMINUIM • 1,200 SF
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      4,994 SF

      726 Liberty St

      RETAIL STORES (PERSONAL SERVICES) • 4,994 SF
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    Similar Nearby for Sale

    • $3,573,750

      Ramseur Development Opportunity Zone Land

      22.55 acres in Opportunity Zone with road frontage.
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      Ramseur Land in Opportunity Zone

      22.55 acres in Ramseur with frontage on two highways.
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    • Contact for pricing

      Ramseur Land for Development

      22.55 acres in Opportunity Zone with road frontage.
      7187 Jordan Rd, Ramseur, NC 27316
      View Details
    • $775,000

      Ramseur Development Opportunity

      1.76 acres for development in high-traffic area.
      167 Nc Highway 49, Ramseur, NC 27316
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    • $435,000
      1.95 Acres

      Prime Commercial Land Opportunity

      High-visibility land in a rapidly growing economic region.
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    • $775,000

      1.76 Acres Development Opportunity

      1.76 acres of land suitable for retail development.
      Unknown, Ramseur, NC 27316
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    Ramseur, NC 27316
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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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