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

    259 Raleigh St Angier, NC 27501-8833

    • Grocery and convenience stores
    • 3,000 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1216520
    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

    • Citgo / Gas Station
    • Yogi Food Mart Epco 3-Way / Gas Station

    Property Details for 259 Raleigh St

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Property size
    3,000 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    04067419240009 01
    APU
    406741924000901

    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
    Angier
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.7406
    Latitude
    35.5035
    CBSA code
    22180
    CBSA name
    FAYETTEVILLE, 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
    $6,631
    $0.00
    $0.00
    $561,364
    -
    $124,950
    $436,414
    $561,364

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      105 Raleigh St

      CONVENIENCE STORE • 3,200 SF
      105 Raleigh St, Angier, NC 27501-8851
      View Details
    • Value Estimation by Request
      1,600 SF

      770 Raleigh St

      CONVENIENCE STORE • 1,600 SF
      770 Raleigh St, Angier, NC 27501-9124
      View Details
    • Value Estimation by Request
      4,000 SF

      288 Raleigh St

      CONVENIENCE STORE • 4,000 SF
      288 Raleigh St, Angier, NC 27501
      View Details
    • Value Estimation by Request
      0.16 Acres

      Raleigh St

      CONVENIENCE STORE • 0.16 Acres
      Raleigh St, Angier, NC 27501
      View Details
    • Value Estimation by Request
      3,920 SF

      89 Raleigh St

      GROCERY, SUPERMARKET • 3,920 SF
      89 Raleigh St, Angier, NC 27501
      View Details
    • Value Estimation by Request
      2,400 SF

      2525 Johnston County Rd

      CONVENIENCE STORE • 2,400 SF
      2525 Johnston County Rd, Angier, NC 27501-7809
      View Details

    Similar Nearby for Sale

    • $135,000
      1.00 Acre

      Angier Commercial Land - Huge Potential

      Prime Angier location, GC zoning, 1 acre.
      214 Fish Dr, Angier, NC 27501
      View Details
    • $275,000
      Pending

      Wooded Land Near Black Creek

      21 acres of wooded land suitable for residential development.
      170 Parrish Lndg Way, Angier, NC 27501
      View Details
    • $585,000
      12.50 Acres

      Angier Land with Private Pond

      12.5 acre site with pond, no restrictions, many possibilities.
      Massengill Pond Rd, Angier, NC 27501
      View Details
    • $990,000
      Pending

      Angier Land Parcel for Development

      9.85 acre parcel suitable for residential development in Angier.
      Angier NC 27501 Wimberly St, Angier, NC 27501
      View Details
    • $265,000
      Pending

      Angier, NC Commercial Land

      1.26 acre commercial lot in Angier, North Carolina.
      Logan Ct, Angier, NC 27501
      View Details
    • $275,000
      3.92 Acres

      Land in Serene Angier Setting

      Land for dream home with pond and horse-friendly atmosphere.
      506 Hbr Cv Dr, Angier, NC 27501
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      Pending

      Office Space in Angier, NC

      Office space for rent in Angier, North Carolina.
      59 W Smithfield St, Angier, NC 27501
      View Details
    • $12 SF/Yr
      53 SF

      Industrial Space with Fenced Yard

      Industrial space available for lease with a small, fenced yard.
      162 West Smithfield St, Angier, NC 27501
      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.
    259 Raleigh St
    Angier, NC 27501-8833
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.