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    7701 Knightdale Blvd Knightdale, NC 27545
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    7701 Knightdale Blvd Knightdale, NC 27545

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    • Commercial land
    For Sale
    $2,500,000
    View Listing →
    Prime Development Site in Knightdale For Sale
    $2,500,000

    Prime Development Site in Knightdale

    2.82-acre development site with high visibility and access.

    7701 Knightdale Blvd, Knightdale, NC 27545
    View Listing
    Property ID
    US53-0879734
    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

    • Knightdale Plumbing Inc. / Plumbing Service / General Contractor

    Property Details for 7701 Knightdale Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Discover an exceptional opportunity at 7701 Knightdale Boulevard! This prime 2.82-acre development site in Knightdale, North Carolina is a standout investment with unmatched potential. Boasting 718' of road frontage on Knightdale Blvd, this property offers excellent visibility and access. Situated on a major corridor between Knightdale and Raleigh, it presents a lucrative chance for growth and expansion. The location across from Knightdale Station further enhances its desirability, with the possibility of traffic light access, making it a highly sought-after piece of real estate. With a sale price of $2,500,000, this property is a rare find for savvy investors and developers looking to capitalize on the thriving market in Knightdale. For more information on this outstanding opportunity, contact our experienced representatives Jimmy Woody and Don Cate. Don't miss out on the chance to secure this prime piece of land for your next project. Embrace the potential of 7701 Knightdale Boulevard today!

    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
    -78.4717305
    Latitude
    35.8014736

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      Commercial Lot on Knightdale Boulevard

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      Land For Sale Knightdale, NC

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      Commercial Lot on Knightdale Boulevard

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      Knightdale Land Parcel For Sale

      32.69-acre site near future I-540 intersection in Knightdale, NC.
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      Commercial Land Near Knightdale Station

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      8000 Knightdale Blvd, Knightdale, NC 27545
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      Development Land in Knightdale

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      1100 Keiths Rd, Knightdale, NC 27545
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      Commercial Lot on Knightdale Boulevard

      Highly visible commercial lot with redevelopment potential on Knightdale Boulevard.
      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.
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      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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    • $5,250,000

      Knightdale Land Parcel For Sale

      32.69-acre site near future I-540 intersection in Knightdale, NC.
      4800 Clifton Rd, Knightdale, NC 27545
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      Commercial Land Near Knightdale Station

      Commercial land near retail, residential, and recreational development.
      8000 Knightdale Blvd, Knightdale, NC 27545
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    Similar Nearby for Lease

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      Knightdale Retail Pad Site

      0.56-acre pad site in front of Kohl's for ground lease.
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      Versatile Space in Growing Knightdale

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    • New
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      Updated Office Condo For Rent

      Updated second floor office condo available for lease.
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      Commercial Space For Lease

      Commercial property available for lease in Knightdale, North Carolina.
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      Prime Retail Space Available

      Retail center with high visibility and diverse customer base.
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    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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