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    For Sale (23)

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    Concord Land with Pond Access
    $199,900
    1.96 Acres

    Concord Land with Pond Access

    1.95 acre lot with pond, suitable for residential development.

    Orphanage Rd, Concord, NC 28027
    View details
    Oakboro Land with Mature Pines
    $1,325,000
    67.10 Acres

    Oakboro Land with Mature Pines

    67.10-acre property with mature pines, ideal for homestead.

    Griffin Greene Blvd, Oakboro, NC 28129
    View details
    51 Acres in Elizabethton, TN
    $890,000
    51.00 Acres

    51 Acres in Elizabethton, TN

    Land with meadows, woods, creek, and mountain views.

    3039 Highway 91, Elizabethton, TN 37643
    View details
    29 Acres Versatile Farmland Opportunity
    $1,340,100
    29.78 Acres

    29 Acres Versatile Farmland Opportunity

    29 acres of versatile farmland near Kannapolis, NC.

    E 22Nd St, Kannapolis, NC 28083
    View details
    Undeveloped Land in China Grove
    $219,000
    8.17 Acres

    Undeveloped Land in China Grove

    8.17 acres of RA-zoned land near I-85 corridor.

    State Rd, China Grove, NC 28023
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    Land in Matthews, North Carolina
    $5,000,000
    3.58 Acres

    Land in Matthews, North Carolina

    3.58 acre land parcel near Mint Hill and Matthews.

    14818 Hooks Rd, Matthews, NC 28105
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    Picturesque Land in Elizabethton, TN
    $151,000
    3.22 Acres

    Picturesque Land in Elizabethton, TN

    3.22 acres of gently rolling land with water features.

    124 Dugger Branch Rd, Elizabethton, TN 37643
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    Duplex in Kannapolis, NC
    $550,000
    0.40 Acres

    Duplex in Kannapolis, NC

    Stunning duplex in Kannapolis, NC with mirrored image units.

    125 Lowrance Ave, Kannapolis, NC 28081
    View details
    Kingsport Land Opportunity
    Contact for pricing
    0.47 Acres

    Kingsport Land Opportunity

    Land for sale in Kingsport, Tennessee.

    5749 Concord St, Kingsport, TN 37664
    View details
    Land on Highway 49, Concord
    $74,999
    1.52 Acres

    Land on Highway 49, Concord

    Raw land on Highway 49 near Concord and Charlotte.

    2628 Nc 49 Hwy N, Concord, NC 28025
    View details
    Kannapolis Land with Road Frontage
    $370,000
    6.50 Acres

    Kannapolis Land with Road Frontage

    6.5-acre corner parcel near Kannapolis with road frontage.

    Ebenezer Rd, Kannapolis, NC 28083
    View details
    Prime Corner Lot in Salisbury
    $385,000
    2.34 Acres

    Prime Corner Lot in Salisbury

    2.34 acre commercial land with development options.

    2120 Mooresville Rd, Salisbury, NC 28147
    View details
    Kannapolis Land Parcel For Sale
    $75,000
    0.17 Acres

    Kannapolis Land Parcel For Sale

    Level lot in Kannapolis, convenient to amenities and highways.

    1205 Pine St, Kannapolis, NC 28081
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    Land Ready for Development
    $350,000
    2.27 Acres

    Land Ready for Development

    2.27 acre lot suitable for residential development.

    208 S Beaver St, Landis, NC 28088
    View details
    Secluded Land in Wilkes County
    $189,000
    35.69 Acres

    Secluded Land in Wilkes County

    35.69 acres of secluded land in Millers Creek, NC.

    1296 Sheets Gap Rd, Millers Creek, NC 28651
    View details
    49+ Acre Development Opportunity
    $2,218,950
    49.31 Acres

    49+ Acre Development Opportunity

    49.31 acres in Mooresville, NC, ideal for development or residence.

    Deal Rd, Mooresville, NC 28115
    View details
    Kannapolis Commercial Corner Lot
    $685,000
    0.27 Acres

    Kannapolis Commercial Corner Lot

    High-traffic commercial corridor with excellent visibility and multiple uses.

    2960 Dale Earnhardt Blvd, Kannapolis, NC 28083
    View details
    Industrial Land in Coffey Creek
    $459,000
    1.44 Acres

    Industrial Land in Coffey Creek

    1.44-acre industrial lot ready for development in Charlotte, NC.

    Green Park Cir, Charlotte, NC 28217
    View details
    Farmland Opportunity in Kannapolis, NC
    $1,276,650
    28.37 Acres

    Farmland Opportunity in Kannapolis, NC

    28 acres of farmland ideal for development or agricultural use.

    Ebenezer Rd, Kannapolis, NC 28083
    View details
    Residential Land in Growing Kannapolis
    $99,900
    0.85 Acres

    Residential Land in Growing Kannapolis

    Buildable lot near downtown Kannapolis with city water and sewer.

    621 Pleasant Ave, Kannapolis, NC 28081
    View details
    Hampton, TN Wooded Land
    $299,000
    18.00 Acres

    Hampton, TN Wooded Land

    18-acre wooded property offering privacy, nature, and future potential.

    W Of Reece Hl Rd, Hampton, TN 37658
    View details
    Spacious Land Parcel in Salisbury
    $50,000
    1.84 Acres

    Spacious Land Parcel in Salisbury

    1.84-acre lot in Salisbury, NC with development potential.

    Brookfield Cir, Salisbury, NC 28146
    View details
    Secluded Land in Wilkes County
    $189,000

    Secluded Land in Wilkes County

    A unique opportunity to craft your vision in the Blue Ridge.

    1296 Sheets Gap Rd, Millers Creek, NC 28651
    View details

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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
    Lantern Realty & Development
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