Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Main St Dobson, NC 27017
    Back to Search
    Property profile & analytics

    Main St, Dobson, NC 27017

    View on Map
    • Land
    • 32.90 lot acres
    For Sale
    $490,000
    View Listing →
    Main Street Dobson Land For Sale
    $490,000

    Main Street Dobson Land

    32.9 Acres, Prime Development Opportunity

    Devotion, NC 27017
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Main St

    Lot size
    32.90 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 32.9-acre property in Dobson, North Carolina, presents a unique investment opportunity. Ideally situated near the courthouse, sheriff's department, restaurants, and retail businesses, this land offers significant potential for commercial or residential development. The rolling acreage boasts convenient access to public utilities, making it well-suited for various projects. However, rezoning will be required for either business or housing development. The property enjoys prominent frontage on N. Main Street (Highway 601 Business) for 198 feet and extends over 600 feet along Gillispie Street, with Coronet Drive providing internal access. Note that the site is subject to existing road and utility easements. A recently completed survey ensures clear property boundaries. Dobson's strategic location, close to Surry Community College, vineyards, and Interstate 77, adds to the property's appeal. The availability of such a sizable parcel near the central business district is rare. This is a truly exceptional opportunity for developers seeking a prime location with significant potential. The sellers are open to considering owner financing options. A new survey is available.

    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
    -80.7226
    Latitude
    36.4005

    Comparable in this City

    • Value Estimation by Request
      2.80 Acres

      Woltz St

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

      503 Kapp St

      Land
      503 Kapp St, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      1,826 SF

      2368 Zephyr Rd

      Land
      2368 Zephyr Rd, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      2.80 Acres

      Woltz St

      Land
      0 Woltz St, Dobson, NC 27017
      View Details
    • Value Estimation by Request
      1,920 SF

      300 Knight Ln

      GARDEN APT, COURT APT (5+ UNITS)
      300 Knight Ln, Dobson, NC 27017-8986
      View Details
    • Value Estimation by Request
      2,816 SF

      700 College Pl Ave

      GARDEN APT, COURT APT (5+ UNITS)
      700 College Pl Ave, Dobson, NC 27017-8971
      View Details

    Similar Nearby for Sale

    • $490,000
      32.90 Acres

      Main Street Dobson Land

      32.9 Acres, Prime Development Opportunity
      0 Main St, Dobson, NC 27017
      View Details
    • Contact for pricing

      Productive Farm with Commercial Potential

      140+/- acre farm with chicken houses and commercial potential.
      446 Grover Simmons Rd, Dobson, NC 27017
      View Details
    • Contact for pricing

      93 Acre Agricultural Land Parcel

      93 acre agricultural property with pasture, woods, and creek.
      00 Grover Simmons Rd, Dobson, NC 27017
      View Details
    • $175,000
      Pending

      Dobson Land with Water Access

      19.17 acres with river and creek frontage near Dobson.
      Rooley Ln, Dobson, NC 27017
      View Details
    • $175,500
      Pending

      Highway Frontage Land in Dobson

      9.75 acre tract with highway frontage near Dobson, NC.
      00 Us Hwy 601, Dobson, NC 27017
      View Details
    • Contact for pricing

      20 Acre Riverfront Land Parcel

      20-acre riverfront property with well, septic, and power.
      747 Chandler Rd, Dobson, NC 27017
      View Details
    View Listing
    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.
    Main St
    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

    Thank You for Inquiry
    Main St, Dobson, NC, 27017
    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!