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    11847 Nc Highway 210 Benson, NC 27504
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    Property profile & analytics

    11847 Nc Highway 210, Benson, NC 27504

    View on Map
    • Commercial real estate
    • 51.00 lot acres
    Off-Market
    Property ID
    US53-2696398
    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 11847 Nc Highway 210

    Lot size
    51.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 51-acre commercial land parcel in Benson, North Carolina, presents a unique investment opportunity. Strategically located near the I-40/Hwy 210 interchange in Johnston County, this property boasts significant road frontage and is zoned IHI, allowing for a variety of commercial uses. The site includes access to water and sewer utilities. The property is divided into multiple tracts, offering flexibility for various development scenarios. One tract encompasses approximately 2.11 acres, ideally suited for smaller commercial ventures, with existing infrastructure including a curb cut and traffic light, and the potential for expansion up to 13 acres. Another significant tract of 7+ acres is adjacent to the merged lane on the eastbound I-40, making it an excellent location for a hotel or similar large-scale development. Additional tracts of varying sizes, ranging from approximately 3 acres to over 20 acres, are also available. These offer opportunities for strip centers, restaurants, and other commercial uses, with several tracts benefiting from proximity to established businesses such as McDonald's, Hardee's, and a Waffle House. The larger 20+ acre tract, situated at a prominent corner, presents an ideal location for a grocery-anchored development, with planned road improvements and utility extensions enhancing its appeal. The area is experiencing rapid growth, with numerous residential developments underway, further bolstering the long-term potential of this investment. The North Carolina Department of Transportation has plans to widen Hwy 210, promising increased visibility and accessibility for future developments. This property offers a compelling combination of location, zoning, and infrastructure, making it an attractive proposition for discerning investors seeking high-growth potential in a thriving commercial market. The asking price for the entire 51-acre parcel is $200,000.

    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
    Benson
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.5517514
    Latitude
    35.5137934

    Comparable in this City

    • Contact for pricing

      Commercial Land in Benson ETJ

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      Unrestricted Wooded Land For Sale

      5.847 acres of unrestricted wooded land with road frontage.
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      Benson Land with Utilities

      3.63 acres with septic, power, well, and water access.
      471 Turlington Dr, Benson, NC 27504
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    • $1,600,000
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      Commercial Land in Benson, NC

      27 acres of vacant commercial and industrial land for sale.
      Chicopee Rd, Benson, NC 27504
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    • $175,000
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      Unrestricted Wooded Land in Benson

      5.85 acres of unrestricted land ready for your vision.
      2 Benson Hardee Rd, Benson, NC 27504
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      Johnston County Land Opportunity

      2.31-acre parcel near I-95, suitable for recreation or investment.
      2115 Woods Crossroads Rd, Benson, NC 27504
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    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land in Benson ETJ

      6.45 acre commercial land with B-2 zoning.
      866 Tarheel Rd, Benson, NC 27504
      View Details
    • Contact for pricing

      Unrestricted Wooded Land For Sale

      5.847 acres of unrestricted wooded land with road frontage.
      2 Benson Hardee Rd, Benson, NC 27504
      View Details
    • $139,000
      Pending

      Benson Land with Utilities

      3.63 acres with septic, power, well, and water access.
      471 Turlington Dr, Benson, NC 27504
      View Details
    • $1,600,000
      27.00 Acres

      Commercial Land in Benson, NC

      27 acres of vacant commercial and industrial land for sale.
      Chicopee Rd, Benson, NC 27504
      View Details
    • $175,000
      5.85 Acres

      Unrestricted Wooded Land in Benson

      5.85 acres of unrestricted land ready for your vision.
      2 Benson Hardee Rd, Benson, NC 27504
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    • Contact for pricing

      Johnston County Land Opportunity

      2.31-acre parcel near I-95, suitable for recreation or investment.
      2115 Woods Crossroads Rd, Benson, NC 27504
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    Similar Nearby for Lease

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      Pad Ready Land For Rent

      Pad ready land available for rent with construction permits.
      1230 Chicopee Rd, Benson, NC 27504
      View Details
    • Contact for pricing
      1 SF

      Benson County Commercial Land

      Prime 2.19-acre commercial lot.
      0 Commercial Pkwy & Hwy 210, Benson, NC 27504
      View Details
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    Benson, NC 27504
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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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