Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2368 Zephyr Rd Dobson, NC 27017

    • Land
    • 1,826 SF
    For Sale
    View listing
    $590,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2368 Zephyr Rd

    Property size
    1,826 SF
    Property type
    Land

    Description

    This exceptional 1.88-acre commercial land parcel in Dobson, North Carolina, presents a remarkable investment opportunity. Located directly off Interstate 77, Exit 93, this highly visible site boasts an estimated 26,500 vehicles per day passing by on the northbound ramp alone, with an additional 1,600 vehicles accessing I-77 north and southbound. The property features a virtually flat topography, ideal for immediate development, and benefits from existing water and sewer connections. Included in the sale is the established Surry Diner restaurant, adding significant value and potential income streams. The property's strategic location places it amongst well-known businesses such as Hampton Inn & Suites, Dairy Queen, BP and Exxon gas stations, and other restaurants, ensuring high traffic and brand recognition. Zoned commercial, this 1,826 square foot lot offers unparalleled access and exposure for a variety of commercial ventures. The property is priced at $590,000 and is shown by appointment only. This is a rare chance to acquire a turnkey commercial property with immediate development potential in a high-traffic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dobson
    County
    Surry
    State
    North Carolina
    Longitude
    -80.7852
    Latitude
    36.3959

    Comparable in this City

    • Value Estimation by Request
      1.15 Acres

      503 Kapp St

      Land • 1.15 Acres
      503 Kapp St, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      2.80 Acres

      Woltz St

      Land • 2.80 Acres
      0 Woltz St, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      2.80 Acres

      Woltz St

      Land • 2.80 Acres
      0 Woltz St, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      32.90 Acres

      Main St

      Farms • 32.90 Acres
      0 Main St, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      1,264 SF

      Atkins St

      OFFICE (GENERAL) • 1,264 SF
      Atkins St, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      3,168 SF

      467 Bear Crk Church Rd

      VEHICLE SALES, RENTALS • 3,168 SF
      467 Bear Crk Church Rd, Dobson, NC 27017-8372
      View Details

    Similar Nearby for Sale

    • $590,000
      1,826 SF

      Prime Dobson Commercial Land

      High-visibility I-77 site, includes restaurant.
      2368 Zephyr Rd, Dobson, NC 27017
      View Details
    • $175,000
      19.17 Acres

      Dobson, NC Land with Water

      19.17 acres with river and creek frontage near amenities.
      Rooley Ln, Dobson, NC 27017
      View Details
    • $490,000
      32.90 Acres

      Main Street Dobson Land

      32.9 Acres, Prime Development Opportunity
      0 Main St, Dobson, NC 27017
      View Details
    • $170,000
      1.15 Acres

      Dobson Commercial Land - 1.15 Acres

      Prime Commercial Lot, Dobson, NC
      503 Kapp St, Dobson, NC 27017
      View Details
    • $350,000
      2.80 Acres

      Dobson, NC Commercial Land Investment

      Prime 2.8-acre commercial lot, ideal development.
      0 Woltz St, Dobson, NC 27017
      View Details
    • New
      $98,000
      17.96 Acres

      17.96 Acres in Dobson, NC

      Untouched land for building a dream home or mini-farm.
      17.96 Acres Aubrey Thomas Ln, Dobson, NC 27017
      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.
    2368 Zephyr Rd
    Dobson, NC 27017
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!