Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    124 Spivey Rd Hobbsville, NC 27946-9533

    • Commercial real estate
    • 384 SF
    • 6.38 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-4557453
    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

    • Commercial real estate

    Property Details for 124 Spivey Rd

    Year built
    1940
    Construction
    FRAME
    Lot size
    6.38 lot acres
    Property size
    384 SF
    Property type
    Commercial real estate
    APN
    07-00667
    APU
    700667

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobbsville
    County
    Gates
    State
    North Carolina
    Longitude
    -76.6109
    Latitude
    36.3352
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-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
    $435
    $49,822
    $1,978
    $51,800
    -
    $49,822
    $1,978
    $51,800

    Comparable in this City

    • Value Estimation by Request
      2,982 SF

      23 Trotville Rd

      COMMERCIAL (GENERAL) • 2,982 SF
      23 Trotville Rd, Hobbsville, NC 27946
      View Details
    • Value Estimation
      $395,000
      900 SF

      924 Carters Rd

      COMMERCIAL (GENERAL) • 900 SF
      924 Carters Rd, Hobbsville, NC 27946-9402
      View Details
    • Value Estimation
      $400,000
      7,164 SF

      1642 Nc Hwy 37th S

      COMMERCIAL (GENERAL) • 7,164 SF
      1642 Nc Hwy 37th S, Hobbsville, NC 27946
      View Details
    • Value Estimation by Request
      3.40 Acres

      37 Zion Rd

      COMMERCIAL (GENERAL) • 3.40 Acres
      37 Zion Rd, Hobbsville, NC 27946-9521
      View Details
    • Value Estimation by Request
      2,208 SF

      1002 Acorn Hl Rd

      COMMERCIAL (GENERAL) • 2,208 SF
      1002 Acorn Hl Rd, Hobbsville, NC 27946
      View Details
    • Value Estimation
      $455,000
      5,591 SF

      1271 Acorn Hl Rd

      COMMERCIAL (GENERAL) • 5,591 SF
      1271 Acorn Hl Rd, Hobbsville, NC 27946
      View Details

    Similar Nearby for Sale

    • $75,000
      6.00 Acres

      6-Acre Commercial Land in Hobbsville

      6-acre commercial land near NC/VA border, ideal for development.
      32 Nc - 37 S, Hobbsville, NC 27946
      View Details
    • $101,500
      6.75 Acres

      Versatile Land in Hobbsville, NC

      6.75-acre multi-use property with commercial, agricultural, or mixed-use potential.
      1002 Acorn Hill Rd, Hobbsville, NC 27946
      View Details
    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.
    124 Spivey Rd
    Hobbsville, NC 27946-9533
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.