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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Whitley Dr, NC

    • Commercial real estate
    • 12,742 SF
    • 2.29 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2021
    $1,415,500
    Value Estimations
    $1,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3394221
    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

    • Commercial real estate

    Property Details

    Year built
    2016
    Lot size
    2.29 lot acres
    Property size
    12,742 SF
    Zone code
    CH
    Property type
    Commercial real estate
    APN
    75069
    APU
    75069

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $915,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,040,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,155,000
      Change: +107% Conversion: Moderate
      RESTAURANT
      $2,130,000
      Change: +104% Conversion: Difficult
      MEDICAL BUILDING
      $1,555,000
      Change: +49% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,190,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $1,165,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitley Dr
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.4038
    Latitude
    35.5526
    CBSA code
    24780
    CBSA name
    GREENVILLE, 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
    2023
    $0.00
    $768,090
    $1,064,505
    $1,832,595
    -
    $768,090
    $1,064,505
    $1,832,595

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Harris St

      COMMERCIAL (GENERAL) • 0.12 Acres
      Harris St, Shelby, NC
      View Details
    • Value Estimation by Request
      5.00 Acres

      Mill

      COMMERCIAL (GENERAL) • 5.00 Acres
      Mill, Rd, NC
      View Details
    • Value Estimation by Request
      0.11 Acres

      Third St, NC

      COMMERCIAL (GENERAL) • 0.11 Acres
      Third St, NC
      View Details
    • Value Estimation by Request
      0.23 Acres

      S

      COMMERCIAL (GENERAL) • 0.23 Acres
      S, Main St, NC
      View Details
    • Value Estimation by Request
      0.05 Acres

      Third St, NC

      COMMERCIAL (GENERAL) • 0.05 Acres
      Third St, NC
      View Details
    • Value Estimation by Request
      2.19 Acres

      Cox Rd, NC

      COMMERCIAL (GENERAL) • 2.19 Acres
      Cox Rd, NC
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,400 SF

      Retail Center Near Greenway Trails

      Retail center with frontage and connectivity to major roads.
      9241 Harwen Ln, Charlotte, NC
      View Details
    • Contact for pricing

      Commercial Land with Highway Frontage

      Four-acre commercial property with highway frontage and existing tenant.
      6252 Nc Hwy, Denver, NC
      View Details
    • $1,020,000

      12 Acre Development Opportunity

      12-acre site suitable for residential, storage, or flex space.
      1929 Springfield Dr, Greenville, NC
      View Details
    • Contact for pricing

      Prime Commercial Land for Development

      1.03 acres in growing Greensboro area, ideal for development.
      4101 Scounton Way, Greensboro, NC
      View Details
    • $1,083,000

      Highway Accessible Development Opportunity

      19+/- acre site near future I-685 and Randolph Community College.
      4949 State Hwy, Liberty, NC
      View Details
    • Contact for pricing

      150-Acre Master-Planned Community Land

      150-acre master-planned community in the Charlotte Coliseum district.
      3815 Memorial Pkwy, Charlotte, NC
      View Details

    Similar Nearby for Lease

    • 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
      14,222 SF

      Industrial Space with Fenced Storage

      Industrial space featuring dock doors, drive-in door, and fenced storage.
      4210-4300 Revolution Park Dr, Charlotte, NC
      View Details
    • Contact for pricing
      104,624 SF

      Charlotte Warehouse Space Available

      104,624 SF warehouse space with 32' clear height.
      9130 Col Taylor Dr, Charlotte, NC
      View Details
    • Contact for pricing
      2,996 SF

      Medical Pavilion Office Space Available

      Medical/Office/Retail space for rent in Rocky Point, NC.
      7910 Hwy 117 South, Rocky Point, NC
      View Details
    • $18 SF/Yr
      2,000 SF

      Industrial-Flex Space in Stallings

      Industrial-flex space with immediate access to key roadways.
      340 Seaboard Dr, Stallings, NC
      View Details
    • Contact for pricing

      Four Seasons Station Development Land

      Up to 7.01 acres for retail development.
      3227 West Gate City Blvd, Greensboro, 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.
    Whitley Dr, 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.