Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    37 Cotton Rd Pittsboro, NC 27312
    Back to Search
    Property profile & analytics

    37 Cotton Rd, Pittsboro, NC 27312

    View on Map
    • Commercial real estate
    • 1.00 lot acres
    Off-Market
    Property ID
    US53-3916854
    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

    • Commercial real estate

    Property Details for 37 Cotton Rd

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 9, 2025 $65,000 Juan Martin Rodriguez Agostadero Harlen Adkins Warranty Deed —

    Description

    This exceptional 1-acre commercial lot, located at 37 E Cotton Road in Pittsboro, North Carolina (zip code 27312), presents a unique investment opportunity. Situated on a corner lot, this property boasts excellent visibility and accessibility due to its location on Highway 15/501 (SR 1712), a major thoroughfare experiencing a daily traffic count of 10,000 to 20,000 vehicles. The property's strategic position between Pittsboro/Chatham Park and Chapel Hill/Briar Chapel ensures high exposure to a substantial and growing population base. Directly across from Hamlets Chapel Road (SR 1525), this location offers further advantages in terms of connectivity and visibility. The lot is relatively flat, providing ease of development, and features a strong line of sight for optimal signage and branding. The property is zoned R-1. While the site offers significant potential for various commercial ventures, including office, institutional, or small business uses, prospective buyers should note that a private septic system is required as municipal sewer is not available at this location. The seller is open to considering offers contingent upon the approval of the intended use. This is an exceptional opportunity to acquire a highly visible and strategically located commercial lot in a rapidly developing area.

    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
    Pittsboro
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.123271
    Latitude
    35.784597

    Comparable in this City

    • $535,000
      13.36 Acres

      Pittsboro Land with Creek

      13+/- acre wooded tract near Hwy 64 and Jordan Lake.
      Arborgate Rd, Pittsboro, NC 27312
      View Details
    • $200,000
      6.61 Acres

      Secluded Land Ready to Build

      6.6-acre wooded lot for a dream home near Pittsboro.
      2817 Jay Shambley Rd, Pittsboro, NC 27312
      View Details
    • $350,000
      3.00 Acres

      Pittsboro Land: Build Your Dream

      3-acre lot near Chapel Hill, ready for your dream home.
      2430 Jones Ferry Rd, Pittsboro, NC 27312
      View Details
    • $249,999
      Pending

      Pittsboro Land Opportunity

      10.8-acre lot in Pittsboro, ready for development.
      187 Ruth Wood Ln, Pittsboro, NC 27312
      View Details
    • $424,900
      10.86 Acres

      Eagles Ridge Wooded Homesite

      10+ acre wooded lot in Eagles Ridge community.
      388 Talon Dr, Pittsboro, NC 27312
      View Details
    • $230,000
      2.26 Acres

      Residential Lot in Chapel Ridge

      2.26-acre lot in Pittsboro's Chapel Ridge neighborhood.
      65 Willow Creek Ct, Pittsboro, NC 27312
      View Details

    Similar Nearby for Sale

    • $260,000
      3.00 Acres

      Three Acre Residential Land Parcel

      Three acre lot ready to build near Chapel Hill.
      2354 Jones Ferry Rd, Pittsboro, NC 27312
      View Details
    • $265,000
      2.07 Acres

      Buildable Lot in Cedar Mountain

      2+ acre lot in established neighborhood, bring your vision!
      1278 Cedar Grove Rd, Pittsboro, NC 27312
      View Details
    • $650,000
      Pending

      Pittsboro Estate Lot For Sale

      7.1 acre estate lot ready for custom home.
      100 Brook Green Ln, Pittsboro, NC 27312
      View Details
    • $250,000
      1.15 Acres

      Residential Lot in Gated Community

      1.15-acre lot in Chapel Ridge Estates, Pittsboro, NC.
      33 Willow Creek Ct, Pittsboro, NC 27312
      View Details
    • $199,900
      0.45 Acres

      Residential Lot Overlooking Fairway

      Residential lot in Chapel Ridge with golf course view.
      48 Sweet Meadow Ln, Pittsboro, NC 27312
      View Details
    • $170,000
      Pending

      Buildable Lot Near Amenities

      Residential land near shopping, dining, schools, and commuter routes.
      Nc 87 N, Pittsboro, NC 27312
      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.
    37 Cotton Rd
    Pittsboro, NC 27312
    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
    37 Cotton Rd, Pittsboro, NC, 27312
    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!