Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings
    (704) 892-5518
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Residential Multi Family
    • Land
    • Commercial Sale

    Listings

    For Sale (13)

    View map
    Lenoir Multifamily Investment Opportunity
    $1,600,000
    2.00 Acres

    Lenoir Multifamily Investment Opportunity

    16-unit multifamily property in Lenoir, NC with cash flow.

    3354 Clay Apartments Ct, Lenoir, NC 28645
    View details
    Mooresville Land with Development Potential
    $799,900
    13.32 Acres

    Mooresville Land with Development Potential

    13.32 acre tract in Mooresville, NC, suitable for development.

    13.32 Patterson Farm Rd, Mooresville, NC 28115
    View details
    Wooded Acreage in Huntersville, NC
    $7,000,000
    59.00 Acres

    Wooded Acreage in Huntersville, NC

    59 acres of wooded land suitable for residential development.

    6412 Gilead Rd, Huntersville, NC 28078
    View details
    Prime Catawba County Acreage
    $135,000
    8.31 Acres

    Prime Catawba County Acreage

    8.31 acres in a rapidly growing area.

    4876 E Nc 10 Hwy, Catawba, NC 28609
    View details
    Huntersville Wooded Acreage For Sale
    $7,350,000
    52.55 Acres

    Huntersville Wooded Acreage For Sale

    52.55 acres near future park and greenway in Huntersville.

    52.55 Acres Mcilwaine Rd, Huntersville, NC 28078
    View details
    Land in Valdese, North Carolina
    $37,500
    3.36 Acres

    Land in Valdese, North Carolina

    3.36+/- acre lot ready for your dream home.

    4753 John Berry Rd, Valdese, NC 28690
    View details
    Prime Land Near Downtown Catawba
    $459,700
    17.87 Acres

    Prime Land Near Downtown Catawba

    17.87 acres near downtown Catawba with road frontage.

    N Main St, Catawba, NC 28609
    View details
    Residential Land Near High Rock
    $45,000
    3.10 Acres

    Residential Land Near High Rock

    3-acre lot in Crystal Bay community near High Rock Lake.

    2410 Summerville Church Rd, Denton, NC 27239
    View details
    Corner Lot in Statesville, NC
    $49,000
    0.44 Acres

    Corner Lot in Statesville, NC

    0.44-acre corner lot to build your dream home.

    Forest Park Dr, Statesville, NC 28677
    View details
    Land in Lincolnton, North Carolina
    $90,000
    5.87 Acres

    Land in Lincolnton, North Carolina

    5.87 acre property suitable for building a dream home.

    Gaston Webbs Chapel Rd, Lincolnton, NC 28092
    View details
    Davidson Land Opportunity on Corner Lot
    $1,275,000
    0.65 Acres

    Davidson Land Opportunity on Corner Lot

    Corner lot in Davidson suitable for subdivision and new construction.

    504 Potts St, Davidson, NC 28036
    View details
    Scenic Land in Rockwell, NC
    $325,000
    10.00 Acres

    Scenic Land in Rockwell, NC

    10 to 35 acres of scenic land in Rockwell.

    Nc 152 Hwy E, Rockwell, NC 28138
    View details
    Land For Sale Cornelius
    $2,299,000

    Land For Sale Cornelius

    Land available in Cornelius, North Carolina.

    18032 Nantz Rd, Cornelius, NC 28031
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Keller Williams Lake Norman
    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.
    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
    Keller Williams Lake Norman
    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!