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

    3rd St, NC

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4313665
    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

    • Commercial real estate

    Property Details

    Property type
    Commercial real estate
    APN
    603705
    APU
    603705

    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
    3rd St
    County
    Wilkes
    State
    North Carolina
    Longitude
    -80.9755
    Latitude
    36.2166
    CBSA code
    35900
    CBSA name
    NORTH WILKESBORO, NC MICROPOLITAN 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
    $46
    $0.00
    $4,060
    $4,060
    -
    $0.00
    $4,060
    $4,060

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      Durham Rd

      Commercial real estate • 5.00 Acres
      Durham Rd, Roxboro, NC
      View Details
    • Value Estimation by Request
      0.08 Acres

      Matthews Indian Trl, NC

      COMMERCIAL (GENERAL) • 0.08 Acres
      Matthews Indian Trl, NC
      View Details
    • Value Estimation by Request
      0.10 Acres

      Graham St

      COMMERCIAL (GENERAL) • 0.10 Acres
      Graham St, Shelby, NC
      View Details
    • Value Estimation by Request
      0.35 Acres

      Hamrick St

      COMMERCIAL (GENERAL) • 0.35 Acres
      Hamrick St, Shelby, NC
      View Details
    • Value Estimation by Request
      0.14 Acres

      Lee St

      COMMERCIAL (GENERAL) • 0.14 Acres
      Lee St, Shelby, NC
      View Details
    • Value Estimation by Request
      0.07 Acres

      16 N

      COMMERCIAL (GENERAL) • 0.07 Acres
      16 N, Nc Business Hwy, NC
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land Opportunity

      Multiple land sites suitable for commercial development and multifamily housing.
      244 Old Us Hwy, Chadbourn, NC
      View Details
    • $900,000

      Hampstead Land Parcels For Sale

      Outparcels available within Publix-anchored shopping center in Hampstead, NC.
      2810 State Hwy, Hampstead, NC
      View Details
    • $320,000
      2,050 SF

      Move-in Ready Office Condo

      Well-maintained office condo with flexible layout and convenient location.
      2990 Bethesda Pl, Winston-Salem, NC
      View Details
    • $695,000

      Business Park Development Land Available

      Build-ready commercial land with utilities and high visibility.
      56 Waterford Business Ctr, Belville, NC
      View Details
    • Contact for pricing
      4,484 SF

      Retail Space in University Place

      Retail space with pylon signage in a high-traffic area.
      8700 University Executive Park Dr, Charlotte, NC
      View Details
    • $290,760

      Land For Sale Jonesville

      Land available for sale in Jonesville, North Carolina.
      P V H Way, Jonesville, NC
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      294,323 SF

      McAdenville Warehouse and Distribution Space

      294,323 SF warehouse with heavy power and potential rail service.
      300 Dickson Rd, Mc Adenville, NC
      View Details
    • Contact for pricing
      2,577 SF

      Retail/Office Buildings in Royal Creek

      Retail and office spaces available in Royal Creek development.
      10 10 Rd & Daddy Rd, Raleigh, NC
      View Details
    • $21 SF/Yr
      1,400 SF

      Retail Space Near Oak Island

      Retail spaces for lease near Brunswick County beaches.
      211 Hwy, Bolivia, NC
      View Details
    • Contact for pricing
      73,828 SF

      Office Space Near Grandover Resort

      Office building near I-85 and Grandover mixed-use development.
      4620 Stone Vlg Rd, Greensboro, NC
      View Details
    • $1.00 SF/Yr

      Wilmington Commercial Outparcels For Lease

      Commercial outparcels for lease in rapidly growing Wilmington trade area.
      2411 Southhall Dr, Wilmington, NC
      View Details
    • Contact for pricing
      93,000 SF

      Industrial Space Near Downtown Greensboro

      93,000 SF industrial building with interstate visibility.
      214 Seneca Dr, Greensboro, NC
      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.
    3rd St, NC
    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.