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    For Sale (14)

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    Residential Land Near Lake James
    $39,900
    3.44 Acres

    Residential Land Near Lake James

    3.44 acre corner lot near I-40 and Lake James.

    Perennial Dr, Nebo, NC 28761
    View details
    Residential Land in Sherrills Ford
    $85,000
    0.51 Acres

    Residential Land in Sherrills Ford

    0.51-acre basement lot in White Dove Estates Subdivision.

    1832 Jaya Dr, Sherrills Ford, NC 28673
    View details
    Claremont Land Redevelopment Opportunity
    $150,000
    0.67 Acres

    Claremont Land Redevelopment Opportunity

    Large lot in downtown Claremont, NC, ready for redevelopment.

    3070 W Main St, Claremont, NC 28610
    View details
    Residential Lot in Charlotte, NC
    $200,000
    0.58 Acres

    Residential Lot in Charlotte, NC

    0.58-acre lot for sale in a desirable Charlotte location.

    1032 Roy St, Charlotte, NC 28208
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    Charlotte Land Ready For Building
    $125,000
    0.46 Acres

    Charlotte Land Ready For Building

    Cleared, flat land suitable for building in Charlotte, North Carolina.

    6405 Rockwell Blvd, Charlotte, NC 28269
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    Residential Lot in West Oaks
    $100,000
    0.36 Acres

    Residential Lot in West Oaks

    Cleared and graded residential lot ready for building.

    5444 S Oakmont St, Kannapolis, NC 28081
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    81 Acres in Stanly County
    $1,400,000
    81.46 Acres

    81 Acres in Stanly County

    81+ acres in Stanly County with stream and varied topography.

    Stony Gap Rd, Albemarle, NC 28001
    View details
    15-Acre Private Estate Land
    $599,000
    14.97 Acres

    15-Acre Private Estate Land

    Private 14.97-acre estate perfect for a family compound.

    6745 Farmstead Ln, Concord, NC 28027
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    Development Land in Gastonia, NC
    $825,000
    42.55 Acres

    Development Land in Gastonia, NC

    42.55 acres of land for future development.

    Woodcrest Dr, Gastonia, NC 28052
    View details
    Albemarle Land For Sale
    $750,000
    7.75 Acres

    Albemarle Land For Sale

    7+ acres zoned RA, suitable for residential and agricultural uses.

    24132 Nc Hwy 73, Albemarle, NC 28001
    View details
    Conover Development Land - 2.23 Acres
    $275,000
    2.23 Acres

    Conover Development Land - 2.23 Acres

    Prime Conover location, versatile zoning, development-ready.

    111 6Th Ave, Conover, NC 28613
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    Stanly County Acreage Available
    Contact for pricing

    Stanly County Acreage Available

    81+ acres in Stanly County with stream and varied topography.

    0000 Stony Gap Rd, Albemarle, NC 28001
    View details
    Development Land in Gastonia
    Contact for pricing

    Development Land in Gastonia

    42.55 acres of land for future development.

    0000 Woodcrest Dr, Gastonia, NC 28052
    View details
    7+ Acres Zoned RA
    Contact for pricing

    7+ Acres Zoned RA

    7+ acres suitable for residential and agricultural uses.

    24132 Nc Hwy 73 Hwy, Albemarle, NC 28001
    View details

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    Keller Williams Realty University Market Center
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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
    Keller Williams Realty University Market Center
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