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    206 Frazier Ave Liberty, NC 27298-8289
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    Property profile & analytics

    206 Frazier Ave Liberty, NC 27298-8289

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    • Office buildings
    • 4,884 SF
    • 9.20 lot acres
    For Lease
    $1.25 SF/Yr
    View Listing →
    Warehouse Space Near Toyota Facility For Lease
    $1.25 SF/Yr
    19,500 SF

    Warehouse Space Near Toyota Facility

    Warehouse space available for lease near US 421.

    206 E Frazier Ave, Liberty, NC
    View Listing
    Property ID
    US53-1227193
    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

    • Office buildings

    Property Details for 206 Frazier Ave

    Year built
    1970
    Construction
    WOOD FRAME
    Lot size
    9.20 lot acres
    Property size
    4,884 SF
    Zone code
    I
    Property type
    Office buildings
    APN
    8736125473
    APU
    8736125473

    Description

    This exceptional 99,567-square-foot industrial manufacturing facility, situated on a 7-acre lot in Liberty, North Carolina, presents a compelling investment opportunity. The property, currently occupied by Charter Furniture under a proposed five-year leaseback agreement for two of the six buildings, comprises five industrial buildings and one office building. Built in 1970, the facility boasts 15-foot ceilings and is zoned for industrial use. Its prime location offers significant advantages, including adjacency to the Norfolk Southern rail line, with potential for a spur installation to provide direct rail service (proposal available). The property's designation as an Opportunity Zone provides substantial tax benefits for long-term investors. Furthermore, surplus land allows for additional trailer parking, enhancing operational flexibility. The property's APN is 8736-12-5473. This is a Class C building. The asking price is $2,900,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $570,000
      Market price range: $241k - $570k
      AI Estimate
      $719,000
      Market price range: $247k - $720k

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

    Location Insight

    • Map
    • Local Demand
    City
    Liberty
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.5683
    Latitude
    35.8433
    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
    $21,460
    $169,600
    $1,874,200
    $2,043,800
    -
    $169,600
    $1,874,200
    $2,043,800

    Comparable in this City

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      3,880 SF

      150 Fayetteville St

      OFFICE BUILDING • 3,880 SF
      150 Fayetteville St, Liberty, NC 27298-3200
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      514 Greensboro St

      OFFICE BUILDING • 1,080 SF
      514 Greensboro St, Liberty, NC 27298
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      3,784 SF

      248 Greensboro St

      OFFICE BUILDING • 3,784 SF
      248 Greensboro St, Liberty, NC 27298
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    • Value Estimation by Request
      1,200 SF

      432 Greensboro St

      OFFICE BUILDING • 1,200 SF
      432 Greensboro St, Liberty, NC 27298
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    • Value Estimation by Request
      1,400 SF

      126 Fayetteville St

      OFFICE BUILDING • 1,400 SF
      126 Fayetteville St, Liberty, NC 27298
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Acreage Near Toyota Mega Site

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      Land For Sale

      Land available where initial construction was halted.
      200 S Murphy St, Liberty, NC 27298
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    • Contact for pricing

      9.04 Acres Buildable Land

      9.04 acres of versatile land in Liberty, North Carolina.
      TBD1 Smith Adkins Road Ext, Liberty, NC 27298
      View Details
    • $3,500,000

      Large Acreage Commercial Opportunity

      Over 10 acres near Toyota Battery Manufacturing facility.
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      View Details
    • $1,125,000
      6,237 SF

      New Multifamily Investment Opportunity

      Four-unit multifamily property in downtown Liberty, completed in 2025.
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      View Details
    • $600,000

      Prime Commercial Land Opportunity

      2+ acres of commercial land near Toyota battery plant.
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      View Details
    View Listing
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    206 Frazier Ave
    Liberty, NC 27298-8289
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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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