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    8625 Knightdale Blvd Knightdale, NC 27545-8518
    Property profile & analytics

    8625 Knightdale Blvd Knightdale, NC 27545-8518

    View on Map
    • Warehouses
    • 10,500 SF
    • 1.84 lot acres
    Off-Market
    Last Sale Sep 22, 2020
    $1,070,100
    Property ID
    US53-1643416
    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
    $1,360,000
    Show details
    Cap Rate Potential
    4.6%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • New Era Towing and Trucking / Auto Repair Shop

    Property Details for 8625 Knightdale Blvd

    Year built
    1990
    Construction
    METAL FRAME
    Lot size
    1.84 lot acres
    Property size
    10,500 SF
    Zone code
    HB
    Property type
    Warehouses
    APN
    1764.02-58-1208 0074800
    APU
    1764025812080074800

    Description

    This exceptional 10,500-square-foot warehouse, located at 8625 Knightdale Boulevard in Knightdale, North Carolina, presents a significant opportunity for businesses seeking single-tenant occupancy. The property boasts a convenient single-tenant configuration, eliminating the complexities of shared spaces. The entire 10,500 square feet is currently vacant and ready for immediate occupancy, allowing for seamless customization to meet specific operational needs. The warehouse features one convenient drive-in door, facilitating efficient loading and unloading of goods. Situated in Wake County, this property benefits from excellent access to major transportation arteries, streamlining logistics and distribution. The property's address is 8625 Knightdale Blvd, Knightdale, NC 27545, with its precise location identified by latitude 35.8048058 and longitude -78.4433545. The property's Assessment Parcel Number (APN) is 1764581208. This industrial property is classified as a warehouse and is ideal for a variety of businesses requiring ample space and convenient access. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,770,000
      ML approach
      $1,720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,360,000
      6.5%
      $1,255,000
      7%
      $1,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,790,000
      Market price range: $1.52M - $3.24M
      AI Estimate
      $828,000
      Market price range: $507k - $1.69M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,200,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knightdale
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4432
    Latitude
    35.8047
    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
    $6,559
    $416,780
    $639,449
    $1,056,229
    -
    $416,780
    $639,449
    $1,056,229

    Comparable in this City

    • Value Estimation
      $520,000
      3,600 SF

      4521 Mial Plantation Rd

      WAREHOUSE, STORAGE • 3,600 SF
      4521 Mial Plantation Rd, Knightdale, NC 27545-8713
      View Details
    • Value Estimation
      $3,400,000
      20,000 SF

      3805 Smithfield Rd

      MINI-WAREHOUSE, STORAGE • 20,000 SF
      3805 Smithfield Rd, Knightdale, NC 27545-7621
      View Details
    • Value Estimation
      $2,175,000
      31,220 SF

      805 H And R Dr

      MINI-WAREHOUSE, STORAGE • 31,220 SF
      805 H And R Dr, Knightdale, NC 27545-8653
      View Details
    • Value Estimation
      $680,000
      6,600 SF

      1103 Great Fls Ct

      WAREHOUSE, STORAGE • 6,600 SF
      1103 Great Fls Ct, Knightdale, NC 27545-7307
      View Details
    • Value Estimation by Request
      3,330 SF

      7800 Knightdale Blvd

      WAREHOUSE, STORAGE • 3,330 SF
      7800 Knightdale Blvd, Knightdale, NC 27545-9018
      View Details
    • Value Estimation by Request
      1,000 SF

      6206 Knightdale Blvd

      WAREHOUSE, STORAGE • 1,000 SF
      6206 Knightdale Blvd, Knightdale, NC 27545-8658
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Knightdale Industrial Park Development

      New industrial park with flexible space near major routes.
      Hinton Oaks Blvd, Knightdale, NC 27545
      View Details
    • $2,000,000

      Corner Land Parcel For Sale

      3.7 acres with road frontage near new housing developments.
      1937 Hodge Rd, Knightdale, NC 27545
      View Details
    • Contact for pricing

      Knightdale Land Parcel For Sale

      32.69-acre site near future I-540 intersection.
      4800 Clifton 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

      Versatile Space in Growing Knightdale

      Retail, office, or flex space with roll-up door.
      5007 Village Park Dr, Knightdale, NC 27545
      View Details
    • Contact for pricing

      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

      Knightdale Retail Pad Site

      0.56-acre pad site in front of Kohl's for ground lease.
      302 Hinton Oaks Blvd, Knightdale, NC 27545
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Land in rapidly growing Eastern Wake County near established retailers.
      202 Hinton Oaks Blvd, Knightdale, NC 27545
      View Details
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    Knightdale, NC 27545-8518
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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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