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    Property profile & analytics

    2375 Lightwater Ln Holly Springs, NC 27540

    • Warehouses
    • 16,600 SF
    • 6.99 lot acres
    OFF-MARKET
    Value Estimations
    $2,555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1658220
    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

    • Warehouses

    Property Details for 2375 Lightwater Ln

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    6.99 lot acres
    Property size
    16,600 SF
    Zone code
    RLI
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0658.03-40-4031 0344058
    APU
    658034040310344058

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,700,000
      6.5%
      $2,495,000
      7%
      $2,315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,668,000
      Market price range: $818k - $1.67M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,480,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly Springs
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8171
    Latitude
    35.6185
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, 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
    $49,882
    $1,826,904
    $2,658,871
    $4,485,775
    -
    $1,826,904
    $2,658,871
    $4,485,775

    Comparable in this City

    • Value Estimation
      $5,745,000
      58,980 SF

      180 Newspaper Way

      MINI-WAREHOUSE, STORAGE • 58,980 SF
      180 Newspaper Way, Holly Springs, NC 27540-9208
      View Details
    • Value Estimation by Request
      66,990 SF

      1309 New Hl Rd

      MINI-WAREHOUSE, STORAGE • 66,990 SF
      1309 New Hl Rd, Holly Springs, NC 27540-6102
      View Details
    • Value Estimation
      $5,570,000
      37,818 SF

      1101 Main St

      MINI-WAREHOUSE, STORAGE • 37,818 SF
      1101 Main St, Holly Springs, NC 27540-9198
      View Details
    • Value Estimation
      $1,820,000
      11,700 SF

      4902 Wade Nash Rd

      MINI-WAREHOUSE, STORAGE • 11,700 SF
      4902 Wade Nash Rd, Holly Springs, NC 27540-7885
      View Details
    • Value Estimation
      $3,345,000
      38,400 SF

      600 Irving Pkwy

      WAREHOUSE, STORAGE • 38,400 SF
      600 Irving Pkwy, Holly Springs, NC 27540-8445
      View Details
    • Value Estimation
      $1,615,000
      15,862 SF

      226 Premier Dr

      WAREHOUSE, STORAGE • 15,862 SF
      226 Premier Dr, Holly Springs, NC 27540-8413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9.86 Acres

      Holly Springs Commercial Land

      ±9.86 Acres, Prime Location
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      View Details
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    • $22,000,000
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      50 Acres Development Opportunity

      50 acres of land for development in Holly Springs, NC.
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    • Contact for pricing

      Prime Holly Springs Development Opportunity

      Five parcels in Holly Springs, NC, zoned for mixed-use development.
      329 N Main St, Holly Springs, NC 27540
      View Details
    • New
      $3,100,000
      10.00 Acres

      Holly Springs 10-Acre Development Parcel

      Prime 10-acre development opportunity in the heart of Holly Springs.
      Thomas Mill Rd, Holly Springs, NC 27540
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,960 SF

      Freestanding Manufacturing Building For Lease

      Manufacturing building in Holly Springs near major commercial developments.
      600 Irving Pkwy, Holly Springs, NC 27540
      View Details
    • $35 SF/Yr
      9,186 SF

      Main Street Vista Retail Spaces

      Prime Holly Springs Retail Opportunity
      324 Main St, Holly Springs, NC 27540
      View Details
    • $35 SF/Yr
      9,186 SF

      Retail Space in Holly Springs

      Upscale retail space for lease in downtown Holly Springs, NC.
      324 North Main St, Holly Springs, NC 27540
      View Details
    • Contact for pricing

      Grocer Anchored Shopping Center Space

      Retail space available in established Holly Springs shopping center.
      5217-5299 Sunset Lake Rd, Holly Springs, NC 27540
      View Details
    • $26 SF/Yr
      41,567 SF

      Holly Springs Office Space Available

      Class A Office Suites, 834-1741 sq ft
      4928 Linksland Dr, Holly Springs, NC 27540
      View Details
    • $29 SF/Yr
      1,360 SF

      Holly Springs Retail Space Available

      Downtown Holly Springs retail space, 1,360 sq ft.
      2112 Werrington Dr, Holly Springs, NC 27540
      View Details
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    2375 Lightwater Ln
    Holly Springs, NC 27540
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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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