Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Connelly Springs Rd, NC
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Connelly Springs Rd, NC

    View on Map
    • Commercial real estate
    • 9,863 SF
    • 1.68 lot acres
    Off-Market
    Property ID
    US53-3991762
    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
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for Connelly Springs

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.68 lot acres
    Property size
    9,863 SF
    Property type
    Commercial real estate
    APN
    11 63 1 5A
    APU
    116315A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $730,000
      Current use
      OFFICE BUILDING
      $825,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rd
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.539
    Latitude
    35.8516
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, 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
    0
    $0.00
    $55,500
    $536,100
    $591,600
    -
    $55,500
    $536,100
    $591,600

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

      Red Iron Rd, NC

      COMMERCIAL (GENERAL) • 0.74 Acres
      Red Iron Rd, NC
      View Details
    • Value Estimation by Request
      179.30 Acres

      Aviation Dr, NC

      COMMERCIAL (GENERAL) • 179.30 Acres
      Aviation Dr, NC
      View Details
    • Value Estimation by Request
      0.14 Acres

      W

      COMMERCIAL (GENERAL) • 0.14 Acres
      W, Church St, NC
      View Details
    • Value Estimation by Request
      0.31 Acres

      E

      COMMERCIAL (GENERAL) • 0.31 Acres
      E, Main St, NC
      View Details
    • Value Estimation by Request
      0.20 Acres

      Stage Coach Trl, NC

      COMMERCIAL (GENERAL) • 0.20 Acres
      Stage Coach Trl, NC
      View Details
    • Value Estimation by Request
      0.82 Acres

      Ss Point

      COMMERCIAL (GENERAL) • 0.82 Acres
      Ss Point, Rd, NC
      View Details

    Similar Nearby for Sale

    • $600,000
      1.50 Acres

      Jonesville Commercial Corner Lot

      High-visibility, 1.5-acre commercial lot.
      Tbd-Parcel Winston Rd, Jonesville, NC
      View Details
    • $325,000
      5.00 Acres

      Roxboro Commercial Land Opportunity

      Five-acre commercial lot, prime location.
      Durham Rd, Roxboro, NC
      View Details
    • Contact for pricing

      Winnabow Land Parcel For Sale

      Approximately 17 acres available off HWY 87 in Winnabow.
      Hwy 87, Winnabow, NC
      View Details
    • $2,100,000

      Land Available on NC Hwy

      Land for sale on NC Hwy 801 N, Advance, NC.
      Nc Hwy 801 N, Advance, NC
      View Details
    • Contact for pricing
      19,000 SF

      Freestanding Building in Sharpsburg, NC

      Large, open-floor building currently operating as a grocery store.
      4240 S Hathaway Blvd, Rocky Mount, NC
      View Details
    • Contact for pricing

      Versatile Land Near I-587

      142.42 acres suitable for homesites, equestrian center, or investment.
      Kinsaul-Willoughby Rd, Greenville, NC
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Office Space For Rent

      New construction office space available for rent in Winston-Salem.
      4721 Country Clb Rd, Winston-Salem, NC
      View Details
    • $32 SF/Yr
      10,000 SF

      New Mixed-Use Development For Lease

      New construction mixed-use development featuring retail and Class-A office space.
      5020 J. Swain Blvd, Southport, NC
      View Details
    • Contact for pricing
      1,000 SF

      Renovated Office Space Available

      Second-floor office space with recent upgrades in Winston-Salem.
      1365 Westgate Ctr Dr, Winston-Salem, NC
      View Details
    • Contact for pricing
      1,047 SF

      Office Space Available for Rent

      Office space available for immediate occupancy.
      8307 University Executive Park Dr, Charlotte, NC
      View Details
    • Contact for pricing
      20,070 SF

      Mooresville Flex/Industrial Space Available

      7,500 SF flex/industrial space for rent in Mooresville, NC.
      115 Corporate Ctr Dr, Mooresville, NC
      View Details
    • Contact for pricing
      1,452 SF

      Winston-Salem Industrial/Warehouse Property

      Industrial/warehouse property with flexible leasing options in Winston-Salem, NC.
      5709 Robin Wood Ln, Winston-Salem, 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.
    Connelly Springs
    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.
    Sign Up Successful!
    You now have access to more from Realmo!