Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Blacksburg Rd, NC

    • Warehouses
    • 5,252 SF
    • 4.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3562101
    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

    • Warehouses

    Property Details

    Year built
    2005
    Lot size
    4.16 lot acres
    Property size
    5,252 SF
    Zone code
    R15
    Property type
    Warehouses
    APN
    62072
    APU
    62072

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg Rd
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.5321
    Latitude
    35.2065
    CBSA code
    43140
    CBSA name
    SHELBY, NC MICROPOLITAN 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
    $4,870
    $72,700
    $539,854
    $612,554
    -
    $72,700
    $539,854
    $612,554

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      Cherry Ln, NC

      WAREHOUSE, STORAGE • 0.26 Acres
      Cherry Ln, NC
      View Details
    • Value Estimation
      $4,895,000
      79,100 SF

      Clark St, NC

      WAREHOUSE, STORAGE • 79,100 SF
      1, Clark St, NC
      View Details
    • Value Estimation
      $545,000
      7,872 SF

      Chestnut St, NC

      WAREHOUSE, STORAGE • 7,872 SF
      Chestnut St, NC
      View Details
    • Value Estimation by Request
      2,325 SF

      W

      WAREHOUSE, STORAGE • 2,325 SF
      W, Third St, NC
      View Details
    • Value Estimation by Request
      3,600 SF

      Stanley Bonner Rd, NC

      WAREHOUSE, STORAGE • 3,600 SF
      Stanley Bonner Rd, NC
      View Details
    • Value Estimation by Request
      3,354 SF

      Grande Ave, NC

      WAREHOUSE, STORAGE • 3,354 SF
      Grande Ave, NC
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Greensboro Light Industrial Investment Property

      5000 SF single tenant investment property for sale.
      114 Carolyn Coleman Way, Greensboro, NC
      View Details
    • Contact for pricing
      12,300 SF

      Winston-Salem Warehouse with Fenced Yard

      12,300 SF warehouse with fenced parking near downtown.
      2101 Sunnyside Ave, Winston-Salem, NC
      View Details
    • Contact for pricing
      21,660 SF

      Wadesboro Warehouse Space Available

      21,660 SF warehouse space in Wadesboro, North Carolina.
      21 S Nc-742, Wadesboro, NC
      View Details
    • $3,750,000

      Office and Warehouse on Hwy 17

      19,200 SF office and warehouse space on Hwy 17.
      6260 Ocean Hwy W, Ocean Isle Beach, NC
      View Details
    • $299,000

      Industrial Warehouse with Fenced Yard

      14,000 sq ft warehouse with loading dock and office.
      505 St E, Kinston, NC
      View Details
    • Contact for pricing
      148,480 SF

      Lumberton Industrial Property with Rail

      148,480 SF industrial property with rail access for sale.
      100 Mueller St, Lumberton, NC
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Warehouse Space For Sublease

      10,000 SF utility building available for sublease.
      1920 W Gate City Blvd, Greensboro, NC
      View Details
    • $11 SF/Yr
      27,040 SF

      Industrial Space in Ridge Creek

      310,960 SF rear loading building for distribution or manufacturing.
      10225 Western Rdg Rd, Charlotte, NC
      View Details
    • Contact for pricing
      5,088 SF

      Warehouse and Office Space Available

      5,088 SF warehouse and office space for lease.
      105 Futrell Rd, Beulaville, NC
      View Details
    • Contact for pricing
      104,624 SF

      Charlotte Warehouse Space Available 2026

      104,624 RSF warehouse space delivering in 2026.
      9220 Col Taylor Dr, Charlotte, NC
      View Details
    • Contact for pricing
      504,698 SF

      Charlotte Manufacturing and Logistics Park

      474,700 SF available in master-planned park near I-485.
      Holly Rhyne Rd & Mt, Charlotte, NC
      View Details
    • $12 SF/Yr
      9,091 SF

      9,091 SF Warehouse Available

      9,091 SF warehouse space for lease at $12/SF NNN.
      4837 Nc-16, Maiden, NC
      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.
    Blacksburg Rd, NC
    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

    Google sign-in failed. Please try again or use another login method.