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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1701 Us Hwy 220 Stokesdale, NC 27357-8538

    • Grocery and convenience stores
    • 2,985 SF
    • 1.03 lot acres
    OFF-MARKET
    Last Sale
    Apr 13, 2023
    $430,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1564306
    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

    • Grocery and convenience stores

    Property Details for 1701 Us Hwy 220

    Year built
    1997
    Lot size
    1.03 lot acres
    Property size
    2,985 SF
    Zone code
    HWY COMM CON USE COUNTY
    Property type
    Grocery and convenience stores
    APN
    7922-01-37-1683-00
    APU
    79220137168300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Stokesdale
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.9393
    Latitude
    36.2951
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, 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
    2023
    $4,175
    $101,500
    $417,089
    $518,589
    -
    $101,500
    $417,089
    $518,589

    Comparable in this City

    • Value Estimation
      $6,430,000
      8,000 SF

      2301 Us Hwy 220

      CONVENIENCE STORE • 8,000 SF
      2301 Us Hwy 220, Stokesdale, NC 27357-8554
      View Details
    • Value Estimation by Request
      1,872 SF

      1887 Ellisboro Rd

      CONVENIENCE STORE • 1,872 SF
      1887 Ellisboro Rd, Stokesdale, NC 27357-8029
      View Details
    • Value Estimation by Request
      2,320 SF

      2015 Ellisboro Rd

      CONVENIENCE STORE • 2,320 SF
      2015 Ellisboro Rd, Stokesdale, NC 27357-8031
      View Details
    • Value Estimation by Request
      4,860 SF

      4250 Ellisboro Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,860 SF
      4250 Ellisboro Rd, Stokesdale, NC 27357-8053
      View Details
    • Value Estimation
      $765,000
      10,962 SF

      8420 Us Hwy 158

      RETAIL STORES (PERSONAL SERVICES) • 10,962 SF
      8420 Us Hwy 158, Stokesdale, NC 27357-9247
      View Details
    • Value Estimation by Request
      1,810 SF

      15261 Us 158th Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,810 SF
      15261 Us 158th Hwy, Stokesdale, NC 27357
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17.00 Acres

      High-Traffic Retail Space, Stokesdale, NC

      Busy Highway Location, QSR Setup, 17 Acres
      2301 Alt Us 220 Hwy, Stokesdale, NC 27357
      View Details
    • Contact for pricing
      17.00 Acres

      High-Traffic Retail Space, Stokesdale, NC

      Busy Truck Stop Diner, High Daily Traffic
      2301 Alt Us 220 Hwy, Stokesdale, NC 27357
      View Details
    • $410,000

      Stokesdale Commercial Land For Sale

      2.33 acres of commercial land in Stokesdale, North Carolina.
      8300 Belews Creek Rd, Stokesdale, NC 27357
      View Details
    • $399,000

      Stokesdale Commercial Land with Office

      Commercially zoned land with office building and highway frontage.
      8318 Loyola Dr, Stokesdale, NC 27357
      View Details
    • $5,500,000
      192.74 Acres

      Highway 220 Land Parcel

      Large parcel with commercial potential in Rockingham County.
      192.74 Ac Us Hwy 220, Stokesdale, NC 27357
      View Details
    • $5,500,000

      Highway Frontage Land For Sale

      Land with commercial potential on Highway 220.
      Us Highway 220, Stokesdale, NC 27357
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      150,000 SF

      South Rockingham County Corporate Park

      Class A development on future I-73 in Rockingham County.
      246 Sylvania Rd, Stokesdale, NC 27357
      View Details
    • Contact for pricing

      Land at US 220 Intersection

      Commercial land for rent with high traffic and utilities.
      2221 Us Highway 220, Stokesdale, NC 27357
      View Details
    • Contact for pricing
      1,300,000 SF

      South Rockingham County Warehouse

      Large industrial space, ideal for distribution.
      246 Sylvania Rd, Stokesdale, NC 27357
      View Details
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    1701 Us Hwy 220
    Stokesdale, NC 27357-8538
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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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