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

    308 Nc Hwy 55th W Mount Olive, NC 28365-8526

    • Retail properties
    • 155,836 SF
    • 19.64 lot acres
    OFF-MARKET
    Value Estimations
    $2,995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4894163
    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

    • Retail properties

    Property Details for 308 Nc Hwy 55th W

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    19.64 lot acres
    Property size
    155,836 SF
    Property type
    Retail properties
    APN
    2573724945
    APU
    2573724945

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,645,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Olive
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.0714
    Latitude
    35.2109
    CBSA code
    24140
    CBSA name
    GOLDSBORO, 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
    $139,279
    $1,620,300
    $8,240,130
    $9,860,430
    -
    $1,620,300
    $8,240,130
    $9,860,430

    Comparable in this City

    • Value Estimation by Request
      4,240 SF

      125 Ctr St

      DEPARTMENT STORE • 4,240 SF
      125 Ctr St, Mount Olive, NC 28365-2101
      View Details
    • Value Estimation by Request
      1,752 SF

      124 Ctr St

      DEPARTMENT STORE • 1,752 SF
      124 Ctr St, Mount Olive, NC 28365-1701
      View Details
    • Value Estimation by Request
      2,736 SF

      Henderson Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,736 SF
      Henderson Dr, Mount Olive, NC 28365
      View Details
    • Value Estimation by Request
      1,863 SF

      122 Ctr St

      DEPARTMENT STORE • 1,863 SF
      122 Ctr St, Mount Olive, NC 28365-1701
      View Details
    • Value Estimation by Request
      4,489 SF

      708 Breazeale Ave

      DEPARTMENT STORE • 4,489 SF
      708 Breazeale Ave, Mount Olive, NC 28365-2602
      View Details
    • Value Estimation by Request
      1,782 SF

      136 Bass Lk Dr

      PARKING GARAGE, PARKING STRUCTURE • 1,782 SF
      136 Bass Lk Dr, Mount Olive, NC 28365-8668
      View Details

    Similar Nearby for Sale

    • $64,500
      Pending

      Mount Olive Land For Sale

      12.35 acres of land near Mount Olive, North Carolina.
      4 Thunder Swamp Rd, Mount Olive, NC 28365
      View Details
    • $76,400
      Pending

      Mount Olive Land For Sale

      14.42 acres of land conveniently located near town.
      3 Thunder Swamp Rd, Mount Olive, NC 28365
      View Details
    • $52,700
      Pending

      Mount Olive Land For Sale

      5.18 acre residential/agricultural land between Mount Olive and Goldsboro.
      1 Thunder Swamp Rd, Mount Olive, NC 28365
      View Details
    • $552,000
      128.80 Acres

      Mount Olive Acreage Opportunity

      128.8 acres of farmland and wooded area for sale.
      1 Old Mount Olive Hwy, Mount Olive, NC 28365
      View Details
    • $42,300
      Pending

      Land in Mount Olive, NC

      5.27 acres of land with development potential.
      6 Thunder Swamp Rd, Mount Olive, NC 28365
      View Details
    • Contact for pricing
      0.48 Acres

      Residential Lot in Mount Olive

      Residential lot outside city limits, Mount Olive ETJ.
      Pineland Ave, Mount Olive, NC 28365
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,900 SF

      Retail Center Near Walmart

      9,900 SF retail center with high visibility and access.
      302 North Carolina 55, Mount Olive, NC 28365
      View Details
    • $12 SF/Yr
      36,205 SF

      Mount Olive Warehouse and Office

      36,205 SF office, warehouse, and refrigerated facility for lease.
      104 Commercial Ave, Mount Olive, NC 28365
      View Details
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    Mount Olive, NC 28365-8526
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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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