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    Pinewood Plz Dr Granite Falls, NC 28630
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    Pinewood Plz Dr Granite Falls, NC 28630

    View on Map
    • Grocery and convenience stores
    • 38,748 SF
    • 7.69 lot acres
    Off-Market
    Property ID
    US53-0528961
    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
    $3,710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for Pinewood Plz Dr

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.69 lot acres
    Property size
    38,748 SF
    Property type
    Grocery and convenience stores
    APN
    08 46 1 10
    APU
    846110

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,136,000
      Market price range: $911k - $4.60M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,685,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,225,000
      Change: +94% Conversion: Difficult
      OFFICE BUILDING
      $3,495,000
      Change: +30% Conversion: Easy
      RESTAURANT
      $3,305,000
      Change: +23% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,985,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $2,925,000
      Change: +9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,755,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite Falls
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.4334
    Latitude
    35.8104
    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
    $1,375,500
    $1,947,700
    $3,323,200
    -
    $1,375,500
    $1,947,700
    $3,323,200

    Comparable in this City

    • Value Estimation
      $655,000
      6,852 SF

      4820 Hickory Blvd

      CONVENIENCE STORE • 6,852 SF
      4820 Hickory Blvd, Granite Falls, NC 28630-8365
      View Details
    • Value Estimation by Request
      4,692 SF

      60 Fls Ave

      CONVENIENCE STORE • 4,692 SF
      60 Fls Ave, Granite Falls, NC 28630
      View Details
    • Value Estimation by Request
      6,304 SF

      538 Dudley Shls Rd

      CONVENIENCE STORE • 6,304 SF
      538 Dudley Shls Rd, Granite Falls, NC 28630-8443
      View Details
    • Value Estimation by Request
      5,280 SF

      91 Main St

      CONVENIENCE STORE • 5,280 SF
      91 Main St, Granite Falls, NC 28630-1911
      View Details
    • Value Estimation by Request
      4,014 SF

      3950 Hickory Blvd

      CONVENIENCE STORE • 4,014 SF
      3950 Hickory Blvd, Granite Falls, NC 28630-8373
      View Details
    • Value Estimation by Request
      3,060 SF

      2751 Connelly Spgs Rd

      CONVENIENCE STORE • 3,060 SF
      2751 Connelly Spgs Rd, Granite Falls, NC 28630-9228
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Construction Starbucks with Drive-Thru

      New construction Starbucks with drive-thru and patio for sale.
      4763 Hickory Blvd, Granite Falls, NC 28630
      View Details
    • $3,395,000
      13.93 Acres

      Land and Buildings on US-321

      Land and buildings with high visibility on US-321.
      4092/4070 Hickory Blvd, Granite Falls, NC 28630
      View Details
    • $3,099,000

      Self-Serve Car Wash Portfolio

      Car wash properties in Hickory, Newton, Conover, and Granite Falls.
      -155 N Main St, Granite Falls, NC 28630
      View Details
    • Contact for pricing

      Lakefront Community Wooded Lot

      One-acre wooded lot in lakefront community with many amenities.
      5442 Bridgewater Dr, Granite Falls, NC 28630
      View Details
    • $155,000
      4.92 Acres

      Granite Falls Land For Sale

      4.924 acres near lake and golf course.
      555 Falls Ave, Granite Falls, NC 28630
      View Details
    • $1,624,750
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      Granite Falls Commercial Land Available

      5.6 acres of highway-zoned land with high visibility.
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      View Details
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    Granite Falls, NC 28630
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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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