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    Property profile & analytics

    205 Hanover Rd Graham, NC 27253-1723

    • Manufacturing properties
    • 6,845 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    9.4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US53-5396230
    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

    • Manufacturing properties

    Property Details for 205 Hanover Rd

    Year built
    1997
    Lot size
    0.81 lot acres
    Property size
    6,845 SF
    Zone code
    I 2
    Property type
    Manufacturing properties
    APN
    147786
    APU
    147786

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $450,000
      6.5%
      $415,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $409,000
      Market price range: $157k - $643k
      AI Estimate
      $230,000
      Market price range: $119k - $373k

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

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4034
    Latitude
    36.0857
    CBSA code
    15500
    CBSA name
    BURLINGTON, 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
    $1,113
    $28,057
    $229,625
    $257,682
    -
    $28,057
    $229,625
    $257,682

    Comparable in this City

    • Value Estimation
      $275,000
      0.13 Acres

      1105 Southerland St

      MANUFACTURING (LIGHT) • 0.13 Acres
      1105 Southerland St, Graham, NC 27253-1757
      View Details
    • Value Estimation
      $2,215,000
      45,653 SF

      1215 Gant Rd

      MANUFACTURING (LIGHT) • 45,653 SF
      1215 Gant Rd, Graham, NC 27253-3510
      View Details
    • Value Estimation
      $320,000
      7,500 SF

      1130 Cherry Ln

      MANUFACTURING (LIGHT) • 7,500 SF
      1130 Cherry Ln, Graham, NC 27253-9594
      View Details
    • Value Estimation
      $270,000
      4,128 SF

      945 Elm St

      MANUFACTURING (LIGHT) • 4,128 SF
      945 Elm St, Graham, NC 27253-1907
      View Details
    • Value Estimation
      $600,000
      28,580 SF

      1031 Gant Rd

      MANUFACTURING (LIGHT) • 28,580 SF
      1031 Gant Rd, Graham, NC 27253-3503
      View Details
    • Value Estimation
      $515,000
      27,600 SF

      611 Gilbreath St

      MANUFACTURING (LIGHT) • 27,600 SF
      611 Gilbreath St, Graham, NC 27253-3747
      View Details

    Similar Nearby for Sale

    • $750,000
      12,740 SF

      Versatile Industrial Space in Graham

      12,740 SF industrial property on 0.78 acres for sale.
      300 Guthrie St, Graham, NC 27253
      View Details
    • Contact for pricing
      64,521 SF

      Single-Tenant Industrial Property in Graham

      Industrial property occupied by Vesuvius since 1986, near I-40/I-85.
      911 E Elm St, Graham, NC 27253
      View Details
    • $5,500,000
      64,386 SF

      Graham, NC Industrial Property

      64,386 SF Warehouse, Multi-Tenant
      410 Interstate Service Rd, Graham, NC 27253
      View Details
    • Contact for pricing
      38.18 Acres

      Saxapahaw Industrial Land Opportunity

      38 Acres, Ready for Development, Prime Location
      0 Nc Commerce Park, Saxapahaw, NC 27253
      View Details
    • $5,750,000
      64,386 SF

      Industrial Property Near I-40/85

      64,386 SF industrial building on 13.5 acres.
      410 E Interstate Service Rd, Graham, NC 27253
      View Details
    • $824,762
      9,600 SF

      Graham Industrial/Warehouse Opportunity

      9,600 sq ft industrial/warehouse with modern office space.
      913 Washington St, Graham, NC 27253
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      112 E Gilbreth

      Flex space • 2,000 SF
      112 Gilbreath St, Graham, NC 27253
      View Details
    • $10 SF/Yr
      7,200 SF

      Graham Retail & Auto Garage

      7,200 SF Turnkey Auto Facility in Graham, NC
      330 Harden St, Graham, NC 27253
      View Details
    • $1,400 /Mo
      14,520 SF

      Office Space in Graham, NC

      Office space available for lease in Graham, North Carolina.
      133 Auto Park Dr, Graham, NC 27253
      View Details
    • $3,704 /Mo
      2,469 SF

      Downtown Graham Office Space For Rent

      Class B office space in downtown Graham, NC, near courthouse.
      114 S Maple St, Graham, NC 27253
      View Details
    • Contact for pricing
      174,240 SF

      Swepsonville Corner: Prime Retail Space

      Graham, NC Retail/Office Opportunity
      1920 Nc-54, Graham, NC 27253
      View Details
    • $1,400 /Mo
      1,200 SF

      Retail Space in Auto Park

      Retail space available for lease in Graham, North Carolina.
      133 Auto Park Dr, Graham, NC 27253
      View Details
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    205 Hanover Rd
    Graham, NC 27253-1723
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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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