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    102 Old Dover Rd Dover, NC 28526
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    Property profile & analytics

    102 Old Dover Rd Dover, NC 28526

    View on Map
    • Commercial real estate
    • 1,300 SF
    • 0.47 lot acres
    Off-Market
    Property ID
    US53-2869792
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 102 Old Dover Rd

    Year built
    1900
    Lot size
    0.47 lot acres
    Property size
    1,300 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a unique investment opportunity in the thriving town of Dover, North Carolina. Located at 102 W Old Dover Road, this 0.47-acre lot offers significant potential for a variety of commercial ventures. The existing 1,300 square foot building provides a solid foundation for immediate use or redevelopment, allowing for customization to suit specific business needs. The property's strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the community. The versatile nature of the property allows for a range of possibilities, from retail and office space to light industrial uses, subject to local zoning regulations. This is a rare chance to acquire a well-situated commercial property in a growing market at an attractive price point. The 1,300 square foot building offers ample space for immediate occupancy, while the expansive 0.47-acre lot provides room for expansion or future development. This property is priced competitively at $59,000, representing a compelling investment opportunity for discerning buyers. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property. Further due diligence is recommended to confirm zoning and permitted uses. Don't miss this chance to secure a prime commercial location in Dover, NC.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Craven
    State
    North Carolina
    Longitude
    -77.43517
    Latitude
    35.22136

    Comparable in this City

    • $32,500
      2.31 Acres

      Dover, NC Wooded Land

      Approximately 2 acres of wooded land in a rural setting.
      3854 Wyse Fork Rd, Dover, NC 28526
      View Details
    • Contact for pricing

      One Acre Vacant Land

      One-acre vacant land parcel ready for development.
      326 E Old Dover Rd, Dover, NC 28526
      View Details
    • $499,000
      54.83 Acres

      Scenic Farmland in Dover, NC

      54.83 acres of versatile land with open and wooded areas.
      201 Richardson Rd, Dover, NC 28526
      View Details

    Similar Nearby for Sale

    • $32,500
      2.31 Acres

      Dover, NC Wooded Land

      Approximately 2 acres of wooded land in a rural setting.
      3854 Wyse Fork Rd, Dover, NC 28526
      View Details
    • Contact for pricing

      One Acre Vacant Land

      One-acre vacant land parcel ready for development.
      326 E Old Dover Rd, Dover, NC 28526
      View Details
    • $499,000
      54.83 Acres

      Scenic Farmland in Dover, NC

      54.83 acres of versatile land with open and wooded areas.
      201 Richardson Rd, Dover, NC 28526
      View Details
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    102 Old Dover Rd
    Dover, NC 28526
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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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