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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    57 Us Highway 64 E Plymouth, NC 27962

    • Community centers
    • 35,090 SF
    • 3.05 lot acres
    For Sale
    View listing
    $2,000,000
    Last Sale
    Oct 25, 2022
    $1,730,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4013001
    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

    • Dollar Tree / Discount Store / Kitchen Supply Store

    Property Details for 57 Us Highway 64 E

    Year built
    1966
    Lot size
    3.05 lot acres
    Property size
    35,090 SF
    Property type
    Community centers
    APN
    6767.12-85-3340
    APU
    676712853340

    Description

    This exceptional 1.36-acre commercial parcel presents a unique investment opportunity in the thriving town of Plymouth, North Carolina. Located at 57 E US Highway 64 E, this property boasts high visibility and excellent accessibility, making it ideal for a wide range of commercial ventures. The expansive lot offers ample space for development, allowing for significant flexibility in design and construction. Its strategic location along a major highway ensures high traffic volume and prominent exposure to potential customers. The property's versatility makes it suitable for various uses, from retail establishments and restaurants to light industrial facilities or office spaces. This is a rare chance to acquire a substantial piece of land in a growing community with strong potential for future appreciation. The asking price of $150,000 represents a compelling value for this prime commercial real estate. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment opportunity. The property is currently vacant and ready for immediate development, offering a streamlined path to realizing your commercial vision. Its location provides easy access to local amenities and a strong workforce, further enhancing its appeal to prospective businesses. Don't miss this chance to own a piece of Plymouth's commercial future. Contact us today to schedule a viewing and discuss the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,790,000
      ML approach
      $1,855,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Washington
    State
    North Carolina
    Longitude
    -76.7443
    Latitude
    35.8594

    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
    2022
    $4,555
    $178,400
    $357,500
    $535,900
    -
    $178,400
    $357,500
    $535,900

    Comparable in this City

    • Value Estimation by Request
      7,430 SF

      398404 Us Hwy 64th E, Unit 404

      MINI-MALL • 7,430 SF
      398404 Us Hwy 64th E, Plymouth, NC 27962-2254
      View Details
    • Value Estimation by Request
      43,704 SF

      336368 Us Hwy 64th E, Unit 368

      MINI-MALL • 43,704 SF
      336368 Us Hwy 64th E, Plymouth, NC 27962-2254
      View Details
    • Value Estimation by Request
      1,400 SF

      388 Us Hwy 64th E

      MINI-MALL • 1,400 SF
      388 Us Hwy 64th E, Plymouth, NC 27962-2254
      View Details
    • Value Estimation
      $1,585,000
      80,680 SF

      820 Us Hwy 64th E

      MINI-MALL • 80,680 SF
      820 Us Hwy 64th E, Plymouth, NC 27962-9659
      View Details
    • Value Estimation by Request
      2,310 SF

      376 Us Hwy 64th E

      MINI-MALL • 2,310 SF
      376 Us Hwy 64th E, Plymouth, NC 27962-2254
      View Details
    • Value Estimation by Request
      1,400 SF

      396 Us Hwy 64th E

      MINI-MALL • 1,400 SF
      396 Us Hwy 64th E, Plymouth, NC 27962-2254
      View Details

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    57 Us Highway 64 E
    Plymouth, NC 27962
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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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