Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    507 Bickett Blvd Louisburg, NC 27549-2803
    Back to Search
    Property profile & analytics

    507 Bickett Blvd Louisburg, NC 27549-2803

    View on Map
    • Commercial kitchens
    • 1,482 SF
    • 1.14 lot acres
    Off-Market
    Last Sale Apr 29, 2025
    $1,050,000
    Property ID
    US53-1260528
    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
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Donut Shoppe / Bakery / Specialty Food Shop

    Property Details for 507 Bickett Blvd

    Year built
    2024
    Lot size
    1.14 lot acres
    Property size
    1,482 SF
    Zone code
    B 2
    Property type
    Commercial kitchens
    Property subtype
    Commercial kitchens
    APN
    17437
    APU
    17437

    Description

    This exceptional 1,482 square foot, second-generation restaurant building presents a turnkey opportunity for immediate occupancy. Located at 507 S Bickett Blvd in Louisburg, North Carolina, this 2024-constructed property sits on a 1.14-acre lot and boasts a convenient drive-thru. The building is a single-story structure with ample parking, including 10 designated spaces with one handicap-accessible space. Access to the property is easily managed with left and right ingress and right egress. The high-traffic location on S Bickett Blvd, which sees 19,000 vehicles daily (AADT), ensures excellent visibility and accessibility for customers. This prime location benefits from proximity to several established businesses, including Walmart Supercenter, Tractor Supply, Bojangles, Cook-Out, Zaxby's, McDonald's, and Domino's Pizza, creating a strong commercial synergy and high foot traffic. The property is currently available. Pricing details are available upon request. This is a rare opportunity to acquire a well-situated, modern restaurant space in a thriving commercial area. The property is ready for immediate use, minimizing setup time and maximizing return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $995,000
      ML approach
      $1,035,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.3075
    Latitude
    36.0835
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, 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
    2024
    $6,419
    $580,430
    $58,300
    $638,730
    -
    $580,430
    $58,300
    $638,730

    Comparable in this City

    • Value Estimation by Request
      3,480 SF

      207 Bickett Blvd

      RESTAURANT • 3,480 SF
      207 Bickett Blvd, Louisburg, NC 27549-2607
      View Details
    • Value Estimation by Request
      5,025 SF

      200-202 Nash St

      Restaurants • 5,025 SF
      200-202 Nash St, Louisburg, NC 27549
      View Details
    • Value Estimation
      $1,735,000
      3,974 SF

      790 Retail Way

      RESTAURANT • 3,974 SF
      790 Retail Way, Louisburg, NC 27549-6475
      View Details
    • Value Estimation by Request
      664 SF

      140 Wade Ave

      RESTAURANT • 664 SF
      140 Wade Ave, Louisburg, NC 27549-2648
      View Details
    • Value Estimation by Request
      1,498 SF

      306 Nash St

      BAR, TAVERN • 1,498 SF
      306 Nash St, Louisburg, NC 27549-2464
      View Details
    • Value Estimation by Request
      2,585 SF

      208 Nash St

      RESTAURANT • 2,585 SF
      208 Nash St, Louisburg, NC 27549-2546
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Property Near Lake Royale

      One-acre commercial property zoned for highway business near Lake Royale.
      Sledge Rd, Louisburg, NC 27549
      View Details
    • $670,000

      Retail Opportunities on US Highway

      Commercial land available on high-traffic US Highway 401.
      Us-401, Louisburg, NC 27549
      View Details
    • Contact for pricing

      Retail Land with Highway Frontage

      Retail outparcels on US-401 near Walmart and other retailers.
      Us-401, Louisburg, NC 27549
      View Details
    • $325,000

      Retail Opportunity on US-401

      Retail land available on high-traffic US-401 in Louisburg.
      Us-401, Louisburg, NC 27549
      View Details
    • $500,000
      4,680 SF

      Multi-Business Opportunity on 10 Acres

      Former convenience store, laundromat, and car wash on 10 acres.
      750 Edward Best Rd, Louisburg, NC 27549
      View Details
    • $1,200,000

      Retail Land on US-401

      Retail land with high traffic and retailer adjacency.
      Us-401, Louisburg, NC 27549
      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.
    507 Bickett Blvd
    Louisburg, NC 27549-2803
    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
    507 Bickett Blvd, Louisburg, NC, 27549
    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!