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    3184 Knotts Grove Rd Oxford, NC 27565
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    3184 Knotts Grove Rd Oxford, NC 27565

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    • Industrial land
    For Sale
    $2,998,800
    View Listing →
    Industrial Land Near I-85 For Sale
    $2,998,800
    61.20 Acres

    Industrial Land Near I-85

    61.2 acre industrial land with development potential near I-85.

    3184 Knotts Grove Rd, Oxford, NC 27565
    View Listing
    Property ID
    US53-4019994
    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

    • Industrial land

    Property Details for 3184 Knotts Grove Rd

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    The property is within Granville County planning jurisdiction and has a combination zoning of I-2 and AR-40. The front 32.7 acres is zoned I-2 and the rear 28.5 acres is zoned AR-40. I-2 Zoning permitted uses include- contractor’s office, asphalt plant, warehousing, heavy and light industrial, disposal, and solar farm. The property slopes gradually from north to south towards Hatcher Creek where there are roughly nine acres in the floodplain along the creek. A 12” public waterline owned Granville Utilities runs in front of the property along Knotts Grove Road. Easy access to I-85 (Exit 202), US 15 and NC 96. 40 minute drive to Research Triangle Park and Raleigh-Durham International Airport. Approximately 45 miles from N.C. State University’s Centennial Campus.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Granville
    State
    North Carolina
    Longitude
    -78.595927
    Latitude
    36.275008

    Comparable in this City

    • $79,900

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    • $3,360,000
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      Oxford Industrial Park Land Available

      134.4 acre industrial park in Oxford, North Carolina for sale.
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      Industrial Land in Oxford

      11.11 acres of industrial land prime for development.
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    • $35,000

      442 Acres of Zoned Land

      442 acres of I-2 zoned land with I-85 access.
      5612 Tabbs Creek Rd, Oxford, NC 27565
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    • New
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      Cleared Lot in Downtown Oxford

      Cleared 0.24 acre lot in downtown Oxford for sale.
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      410.00 Acres

      410 Acres Prime Oxford Land

      Prime location for residential or commercial development near I85.
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    Similar Nearby for Sale

    • $3,360,000
      Pending

      Oxford Industrial Park Land Available

      134.4 acre industrial park in Oxford, North Carolina for sale.
      3129 Montague Center Rd, Oxford, NC 27565
      View Details
    • Contact for pricing

      Industrial Land in Oxford

      11.11 acres of industrial land prime for development.
      120 Southgate Dr, Oxford, NC 27565
      View Details
    • $79,900

      Industrial Land Parcels Available

      Industrial land for sale, potential for subdivision.
      Knotts Grv Rd & Enterprise Ct, Oxford, NC 27565
      View Details
    • $35,000

      442 Acres of Zoned Land

      442 acres of I-2 zoned land with I-85 access.
      5612 Tabbs Creek Rd, Oxford, NC 27565
      View Details
    • $949,500
      222.81 Acres

      222+ Acres Timber Tract

      Land with planted pines, ideal for mini-farms or investment.
      Oxford NC 27565 Old Roxboro Rd, Oxford, NC 27565
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    • $45,000

      Commercial Lot Near Interstate 85

      Commercial lot conveniently located near Interstate 85 and downtown.
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    Similar Nearby for Lease

    • $6 SF/Yr

      Oxford Commercial Space Available

      Commercial space available for lease in Oxford, North Carolina.
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      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Oxford, NC.
      100 Enterprise Ct, Oxford, NC 27565
      View Details
    • $5 SF/Yr
      90,000 SF

      Modern Manufacturing Facility in Oxford

      90,000 SF manufacturing and warehouse space near I-85.
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    • $5 SF/Yr
      60,199 SF

      Oxford Warehouse Space For Lease

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    • Contact for pricing

      Oxford Commercial Space For Lease

      Commercial space available for lease in Oxford, North Carolina.
      107 E Mcclanahan St, Oxford, NC 27565
      View Details
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    Oxford, NC 27565
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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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    3184 Knotts Grove Rd, Oxford, NC, 27565
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