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    1200 Granite Falls Blvd Rolesville, NC 27587
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    1200 Granite Falls Blvd, Rolesville, NC 27587

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    • Commercial real estate
    • 6.55 lot acres
    For Sale
    $1,390,000
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    Rolesville Land Near Future Facility For Sale
    $1,390,000
    6.55 Acres

    Rolesville Land Near Future Facility

    6.55 acre site near future Wake Med facility.

    1200 Granite Falls Boulevard, Rolesville, NC 27587
    View Listing
    Property ID
    US53-2880583
    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 1200 Granite Falls Blvd

    Lot size
    6.55 lot acres
    Property type
    Commercial real estate
    APN
    1758598900, 1758690672, 1758599639

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2019 $225,000 Capital Companies Group LLC Lioyds Fo Relesville LLC Warranty Deed · related $216k · Mark Lyon

    Description

    This exceptional 6.55-acre property, located at 1200 Granite Falls Blvd in Rolesville, North Carolina (zip code 27571), presents a unique investment opportunity. The land is zoned R1, offering versatile development potential. Permitted uses include church, daycare facility, senior living facility, or multi-family residential development. The property boasts significant road frontage (600 feet) along the future Granite Falls Boulevard extension, ensuring excellent visibility and accessibility. This area is experiencing substantial growth, making this site particularly attractive for developers. The property's location in Wake County, North Carolina, provides easy access to major transportation routes and amenities. Parcel numbers are 1758598900, 1758690672, and 1758599639. The asking price is $890,000. This is an ideal site for those seeking to capitalize on the burgeoning growth in Rolesville and create a thriving community asset. The extension of Granite Falls Boulevard to Burlington Mills Road will further enhance the property's value and accessibility.

    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
    Rolesville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4737649
    Latitude
    35.9192268

    Comparable in this City

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      Land in Wallbrook Community

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      Wallbrook Outparcel: Prime Rolesville Land

      2.33-acre commercial lot, build-to-suit option.
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      View Details
    • Contact for pricing
      2,122 SF

      New Ranch Home with Deck

      New 4-bedroom ranch with screened deck in Rolesville, NC.
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    Similar Nearby for Sale

    • $1,500,000

      Land in Wallbrook Community

      Retail outparcel in mixed-use community, Rolesville, North Carolina.
      S Main St, Rolesville, NC 27571
      View Details
    • $1,500,000
      2.33 Acres

      Wallbrook Outparcel: Prime Rolesville Land

      2.33-acre commercial lot, build-to-suit option.
      0 Main St, Rolesville, NC 27571
      View Details
    • Contact for pricing
      2,122 SF

      New Ranch Home with Deck

      New 4-bedroom ranch with screened deck in Rolesville, NC.
      753 Emmer St, Rolesville, NC 27571
      View Details
    View Listing
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    Rolesville, NC 27587
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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.

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