Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    840 Massengill Pond Rd Angier, NC 27501-8113
    Back to Search
    Property profile & analytics

    840 Massengill Pond Rd, Angier, NC 27501-8113

    View on Map
    • Warehouses
    • 4,800 SF
    • 2.52 lot acres
    Off-Market
    Property ID
    US53-2050843
    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

    • J C Wilkins Plumbing Co / Plumbing Service / General Contractor

    Property Details for 840 Massengill Pond Rd

    Year built
    1995
    Lot size
    2.52 lot acres
    Zone code
    COP
    Property type
    Warehouses
    APN
    13C04012I
    APU
    13C04012I

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2005 — J & J Properties Of Nc LLC Wilkins,john C JR & Debra D Grant Deed · related —

    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
    Angier
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.6247
    Latitude
    35.491
    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
    $1,556
    $31,950
    $160,110
    $192,060
    -
    $31,950
    $160,110
    $192,060

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      42 Bethal Church Rd

      MINI-WAREHOUSE, STORAGE
      42 Bethal Church Rd, Angier, NC 27501
      View Details
    • Value Estimation by Request
      2,920 SF

      4604 Old Fairground Rd

      WAREHOUSE, STORAGE
      4604 Old Fairground Rd, Angier, NC 27501-6190
      View Details
    • Value Estimation by Request
      2,500 SF

      400 Depot St

      MINI-WAREHOUSE, STORAGE
      400 Depot St, Angier, NC 27501-9445
      View Details
    • Value Estimation by Request
      3.34 Acres

      Nc 210th N

      MINI-WAREHOUSE, STORAGE
      Nc 210th N, Angier, NC 27501
      View Details
    • Value Estimation by Request
      2,880 SF

      3221 Pln Vw Church Rd

      WAREHOUSE, STORAGE
      3221 Pln Vw Church Rd, Angier, NC 27501-8337
      View Details
    • Value Estimation by Request
      2,000 SF

      2085 Massengill Pond Rd

      MINI-WAREHOUSE, STORAGE
      2085 Massengill Pond Rd, Angier, NC 27501-7114
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Angier Commercial Property for Sale

      Commercial property available in Angier, North Carolina.
      115 W Dupree St, Angier, NC 27501
      View Details
    • Contact for pricing

      Angier Mini Storage Investment Opportunity

      91-unit self-storage facility in a growing North Carolina town.
      400 W Depot St, Angier, NC 27501
      View Details
    • $500,000
      9,845 SF

      Angier Commercial Development Opportunity

      1.33-acre lot with 9,834 sq. ft. building near downtown.
      6828 Old Stage Rd N, Angier, NC 27501
      View Details
    • Contact for pricing

      Land Available in Angier, NC

      Land for sale at 8364 NC-55, Angier, North Carolina.
      8364 Nc-55, Angier, NC 27501
      View Details
    • $4,419,000
      44 SF

      Residential Agricultural Land For Sale

      44.19 acres of land zoned for residential agricultural use.
      773 Rawls Church Rd, Angier, NC 27501
      View Details
    • Contact for pricing

      Unrestricted Land with Endless Possibilities

      16.88 acres of unrestricted land, bring your vision!
      11183 Nc 50 Hwy, Angier, NC 27501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      Pending

      Office Space with Flexible Layout

      Office space featuring a versatile layout and convenient location.
      59 W Smithfield St, Angier, NC 27501
      View Details
    • Contact for pricing
      13 SF

      Fenced Gravel Lot for Lease

      Gravel lot with 8' fence for lease on 4.5 acres.
      2730 Plain View Church Rd, Angier, NC 27501
      View Details
    • $1,800 /Mo
      Pending

      Office Space in Angier, NC

      Office space for rent in Angier, North Carolina.
      59 W Smithfield St, Angier, NC 27501
      View Details
    • Contact for pricing

      Land For Rent

      Two acre land available for single tenant.
      W Dupree St, Angier, NC 27501
      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.
    840 Massengill Pond Rd
    Angier, NC 27501-8113
    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
    840 Massengill Pond Rd, Angier, NC, 27501
    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!