Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3220 Knotts Grv Rd Oxford, NC 27565-7421
    Back to Search
    Property profile & analytics

    3220 Knotts Grv Rd Oxford, NC 27565-7421

    View on Map
    • Office buildings
    • 88,275 SF
    • 15.56 lot acres
    Off-Market
    Last Sale Jan 11, 2023
    $13,100,000
    Property ID
    US53-3201615
    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
    $10,845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Plantd / Industrial Manufacturer / Production Facility

    Property Details for 3220 Knotts Grv Rd

    Year built
    1998
    Lot size
    15.56 lot acres
    Property size
    88,275 SF
    Zone code
    I2 & AR40
    Property type
    Office buildings
    APN
    191102991216
    APU
    191102991216

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,770,000
      ML approach
      $8,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,579,000
      Market price range: $3.81M - $15.5M
      AI Estimate
      $9,563,000
      Market price range: $3.99M - $15.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,555,000
      Current use
      RETAIL STORES
      $9,460,000
      Change: +25% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Granville
    State
    North Carolina
    Longitude
    -78.5958
    Latitude
    36.2746
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, 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
    2020
    $31,474
    $862,949
    $9,454,363
    $10,317,312
    -
    $862,949
    $9,454,363
    $10,317,312

    Comparable in this City

    • Value Estimation
      $1,420,000
      8,184 SF

      211 Antioch Dr

      OFFICE BUILDING • 8,184 SF
      211 Antioch Dr, Oxford, NC 27565-6990
      View Details
    • Value Estimation
      $1,830,000
      10,536 SF

      101 Delacroix St

      OFFICE BUILDING • 10,536 SF
      101 Delacroix St, Oxford, NC 27565-2516
      View Details
    • Value Estimation by Request
      514 SF

      4054 Us Hwy 15

      OFFICE BUILDING • 514 SF
      4054 Us Hwy 15, Oxford, NC 27565-8527
      View Details
    • Value Estimation by Request
      4,800 SF

      426 Lewis St

      OFFICE BUILDING • 4,800 SF
      426 Lewis St, Oxford, NC 27565-3195
      View Details
    • Value Estimation by Request
      3,000 SF

      Lewis St

      OFFICE BUILDING • 3,000 SF
      Lewis St, Oxford, NC 27565
      View Details
    • Value Estimation by Request
      6,760 SF

      106 Main St

      OFFICE BUILDING • 6,760 SF
      106 Main St, Oxford, NC 27565-3319
      View Details

    Similar Nearby for Sale

    • $4,000,000
      13,500 SF

      Oxford Industrial/HB Zoned Building

      13,500 SF building on 2.4 acres with expansion plans.
      1209 SE Industry Dr, Oxford, NC 27565
      View Details
    • $539,900
      40.00 Acres

      40-Acre Farm and Hunt Land

      Farm and hunt land with building, utilities, near Kerr Lake.
      468 Marrow Ln, Oxford, NC 27565
      View Details
    • $237,600
      31.68 Acres

      31.68 Acres North of Oxford

      31.68 acres of wooded land near Kerr Lake.
      Robert Morgan Rd, Oxford, NC 27565
      View Details
    • $574,000
      29.21 Acres

      Granville County Land Opportunity

      29+ acres near I-85, convenient to Durham and Raleigh.
      2b Watkins Rd, Oxford, NC 27565
      View Details
    • $109,000
      12.35 Acres

      Oxford Land with Road Frontage

      12.35-acre tract in Granville County, ideal for homesite.
      8442 Charlie Stovall Rd, Oxford, NC 27565
      View Details

    Similar Nearby for Lease

    • 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
    • $6 SF/Yr

      Oxford Commercial Space Available

      Commercial space available for lease in Oxford, North Carolina.
      100 Enterprise Ct, Oxford, NC 27565
      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.
      327 Lewis St, Oxford, NC 27565
      View Details
    • $5 SF/Yr
      60,199 SF

      Oxford Warehouse Space For Lease

      60,199 SF warehouse on 2.78 acres near I-85.
      606 Pine Tree Rd, Oxford, NC 27565
      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.
    3220 Knotts Grv Rd
    Oxford, NC 27565-7421
    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

    Thank You for Inquiry
    3220 Knotts Grv Rd, Oxford, NC, 27565
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!