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    Property profile & analytics

    2500 Nc Hwy 96 Franklinton, NC 27525-7679

    • Outlet malls
    • 9,042 SF
    • 1.85 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2020
    Value Estimations
    $505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3830617
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outlet malls

    Property Details for 2500 Nc Hwy 96

    Year built
    2015
    Lot size
    1.85 lot acres
    Property size
    9,042 SF
    Zone code
    NB
    Property type
    Outlet malls
    APN
    182700505508
    APU
    182700505508

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklinton
    County
    Granville
    State
    North Carolina
    Longitude
    -78.5749
    Latitude
    36.1412
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,904
    $312,521
    $550,322
    $862,843
    -
    $312,521
    $550,322
    $862,843

    Comparable in this City

    • Value Estimation by Request
      12,600 SF

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    • Value Estimation by Request
      27,618 SF

      3380 Us 1st Hwy

      REGIONAL SHOPPING CENTER, MALL • 27,618 SF
      3380 Us 1st Hwy, Franklinton, NC 27525-8403
      View Details
    • Value Estimation by Request
      65,366 SF

      3364 Us-1

      Retail properties • 65,366 SF
      3364 Us-1, Franklinton, NC 27525
      View Details
    • Value Estimation by Request
      2,520 SF

      2541 Moss Ledford Rd

      AUTO REPAIR, GARAGE • 2,520 SF
      2541 Moss Ledford Rd, Franklinton, NC 27525-8315
      View Details
    • Value Estimation by Request
      1,022 SF

      115 Texs Garage Cir

      SERVICE STATION (FULL SERVICE) • 1,022 SF
      115 Texs Garage Cir, Franklinton, NC 27525-9654
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    • Value Estimation by Request
      6,874 SF

      3420 Us 1st Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,874 SF
      3420 Us 1st Hwy, Franklinton, NC 27525-8435
      View Details

    Similar Nearby for Sale

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      Land in Franklinton, North Carolina

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    • $300,000
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      Franklinton Commercial Land - $300K

      Prime 1.27 acre commercial lot in Franklinton, NC.
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      4.29 Acres, High-Traffic Location
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    Similar Nearby for Lease

    • Contact for pricing
      65,366 SF

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      Prime Franklinton retail space available.
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    • $3,200 /Mo
      1,789 SF

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      Newly restored commercial space in growing Franklinton, North Carolina.
      102 E Green St, Franklinton, NC 27525
      View Details
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    2500 Nc Hwy 96
    Franklinton, NC 27525-7679
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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.

    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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