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    5271 Ebc Village Way Knightdale, NC 27545
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    5271 Ebc Village Way Knightdale, NC 27545

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    • Land
    For Sale
    $4,500,000
    View Listing →
    60 Acres Knightdale Development Land For Sale
    $4,500,000
    60.00 Acres

    60 Acres Knightdale Development Land

    60 acres of land suitable for residential or commercial development.

    5271 EBC Village Way, Knightdale, NC 27545
    View Listing
    Property ID
    US53-0860116
    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

    • Elevation Baptist Church / Church

    Property Details for 5271 Ebc Village Way

    Property type
    Land

    Description

    Foundry Commercial is Pleased to Present Roughly 60 Acres of Land Off Us Highway 64 Business/knightdale Boulevard and Ebc Village Way Behind the Elevation Baptist Church’s Knightdale Campus in Knightdale, North Carolina. Centrally Located Approximately 12.5 Miles East of Downtown Raleigh and Four Miles North of Wendell Falls, the Property Has Convenient Access to Us Highway 264/i-87 Approximately Two Miles to the East and I-540 Just Over Four Miles to the West. the Property is Surrounded by Numerous Amenities, as Well as a Favorable Population Density. the Property is Located Within the Rural Transition (Rt) Zoning District Within the Town of Knightdale, Which Allows for Low Density Residential Development, as Well as a Limited Variety of Low Impact Commercial Uses. the Property Holds a Civic & Institutional Designation on the Future Land Use Plan, Although That Could Potentially Be Changed. an Area Such as This Could Allow for a Medium Density Residential Future Land Use, Featuring a Mix of Single Family/townhomes. Many Recent Developments Being Approved in Knightdale Features a Mixture of Housing Types. the Property is Located Within the Opportunity Zone (Oz) Which Allows for Tax Incentives for Qualified Investors to Re-invest Unrealized Capital Gains Into Low Income Communities.

    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
    Knightdale
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4494214
    Latitude
    35.7996936

    Comparable in this City

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      Knightdale Land Development Opportunity

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      174 SF

      Land Near Knightdale and Wendell

      Large land parcel near growing Knightdale and Wendell Falls.
      2019 Marks Creek Rd, Knightdale, NC 27545
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    • $990,000

      Land Available in Knightdale, NC

      Land for sale at 8323 Poole Road, Knightdale, NC.
      8323 Poole Rd, Knightdale, NC 27545
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    • $895,000

      Commercial Lot on Knightdale Boulevard

      Highly visible commercial lot with redevelopment potential on major thoroughfare.
      7716 Knightdale Blvd, Knightdale, NC 27545
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      Land For Sale Knightdale, NC

      Land for sale in Knightdale, NC, zoned Neighborhood Mixed-use.
      Big Oak Ct, Knightdale, NC 27545
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    Similar Nearby for Sale

    • New
      $1,500,000
      13.09 Acres

      Knightdale Land Development Opportunity

      13 acre land parcel in rapidly growing Knightdale, NC.
      Old Ferrell Rd, Knightdale, NC 27545
      View Details
    • Contact for pricing
      174 SF

      Land Near Knightdale and Wendell

      Large land parcel near growing Knightdale and Wendell Falls.
      2019 Marks Creek Rd, Knightdale, NC 27545
      View Details
    • $990,000

      Land Available in Knightdale, NC

      Land for sale at 8323 Poole Road, Knightdale, NC.
      8323 Poole Rd, Knightdale, NC 27545
      View Details
    • $895,000

      Commercial Lot on Knightdale Boulevard

      Highly visible commercial lot with redevelopment potential on major thoroughfare.
      7716 Knightdale Blvd, Knightdale, NC 27545
      View Details
    • Contact for pricing

      Land For Sale Knightdale, NC

      Land for sale in Knightdale, NC, zoned Neighborhood Mixed-use.
      Big Oak Ct, Knightdale, NC 27545
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Knightdale Retail Pad Site

      0.56-acre pad site in front of Kohl's for ground lease.
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      Commercial Land in Growing Area

      Land in rapidly growing Eastern Wake County near established retailers.
      202 Hinton Oaks Blvd, Knightdale, NC 27545
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      Prime Retail Space Available

      Retail center with high visibility and diverse customer base.
      102 S 1St Ave, Knightdale, NC 27545
      View Details
    • Contact for pricing

      Versatile Space in Growing Knightdale

      Retail, office, or flex space with roll-up door.
      5007 Village Park Dr, Knightdale, NC 27545
      View Details
    • $1,000 /Mo
      1,000 SF

      Updated Office Condo For Rent

      Updated second floor office condo available for lease.
      7419 Knightdale Blvd, Knightdale, NC 27545
      View Details
    View Listing
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    Knightdale, NC 27545
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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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