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

    Park Vw W Dr Henderson, NC 27536

    • Office Properties & Spaces
    • 7,548 SF
    • 1.94 lot acres
    OFF-MARKET
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4104893
    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

    • Office Properties & Spaces

    Property Details for Park Vw W Dr

    Year built
    2008
    Lot size
    1.94 lot acres
    Property size
    7,548 SF
    Property type
    Office Properties & Spaces
    APN
    0210 06003
    APU
    21006003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $684,000
      Market price range: $331k - $685k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $480,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.4278
    Latitude
    36.3374
    CBSA code
    25780
    CBSA name
    HENDERSON, 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
    $25,093
    $345,450
    $1,495,678
    $1,841,128
    -
    $345,450
    $1,495,678
    $1,841,128

    Comparable in this City

    • Value Estimation by Request
      7,544 SF

      514 Dabney Dr

      Office Properties & Spaces • 7,544 SF
      514 Dabney Dr, Henderson, NC 27536
      View Details
    • Value Estimation
      $550,000
      6,860 SF

      523 Garnett St

      OFFICE (GENERAL) • 6,860 SF
      523 Garnett St, Henderson, NC 27536-3622
      View Details
    • Value Estimation by Request
      1,400 SF

      741 Williams St

      OFFICE (GENERAL) • 1,400 SF
      741 Williams St, Henderson, NC 27536-3614
      View Details
    • Value Estimation
      $655,000
      7,631 SF

      213 Chestnut St

      OFFICE (GENERAL) • 7,631 SF
      213 Chestnut St, Henderson, NC 27536-4215
      View Details
    • Value Estimation by Request
      2,185 SF

      418 Garnett St

      OFFICE (GENERAL) • 2,185 SF
      418 Garnett St, Henderson, NC 27536-4540
      View Details
    • Value Estimation by Request
      5,508 SF

      315 Garnett St

      OFFICE (GENERAL) • 5,508 SF
      315 Garnett St, Henderson, NC 27536-4537
      View Details

    Similar Nearby for Sale

    • New
      $750,000
      13,800 SF

      Redevelopment Opportunity in Henderson, NC

      Former hotel with redevelopment potential near downtown Henderson, NC.
      1010 S Garnett St, Henderson, NC 27536
      View Details
    • $92,700
      484 SF

      Henderson Multifamily Investment Opportunity

      Cash-flowing residential portfolio in Henderson, North Carolina.
      646 Marshall St, Henderson, NC 27536
      View Details
    • $93,800
      504 SF

      Residential Income Property For Sale

      Cash-flowing residential portfolio in Henderson, NC with long-term tenants.
      631 Marshall St, Henderson, NC 27536
      View Details
    • $30,000
      2.08 Acres

      Vacant City Lot in Henderson

      Vacant city lot, ideal for investors or building a home.
      450 Ft, Henderson, NC 27536
      View Details
    • $99,900
      3,212 SF

      Henderson Duplex Renovation Opportunity

      Duplex in Henderson, NC, ideal for experienced investors.
      169 Burwell Ave, Henderson, NC 27536
      View Details
    • Contact for pricing
      0.17 Acres

      Ideal Wooded Lot in Henderson

      Wooded lot for dream home construction in Henderson city limits.
      Thomas St, Henderson, NC 27536
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      18,000 SF

      Prime Commercial Office Space Available

      Premium office spaces for rent in Henderson's thriving commercial district.
      510/514 Dabney Drive Ext, Henderson, NC 27536
      View Details
    • $499,000

      Downtown Henderson Office Building

      Office building in downtown Henderson with multiple offices and amenities.
      726 S Garnett St, Henderson, NC 27536
      View Details
    • $3 SF/Yr
      48,000 SF

      48,000 SF Warehouse For Lease

      Warehouse space with office, acreage, and industrial zoning available for lease.
      111 Lenora St, Henderson, NC 27536
      View Details
    • $18 SF/Yr

      Prime Commercial Office Space Available

      Premium office spaces in Henderson's thriving commercial district on Dabney Drive.
      510/514 Dabney Drive Ext, Henderson, NC 27536
      View Details
    • $2 SF/Yr
      96,207 SF

      Warehouse Space in Henderson, NC

      96,207 RSF warehouse space available for lease in Henderson, NC.
      215 Wright Ave, Henderson, NC 27536
      View Details
    • Contact for pricing
      50,000 SF

      Cardinal Plaza Retail Space

      Henderson, NC retail center with high traffic.
      1405 Andrews Ave, Henderson, NC 27536
      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.
    Park Vw W Dr
    Henderson, NC 27536
    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!