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    For Sale (20)

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    Five Wooded Acres in Matthews
    $799,999
    5.00 Acres

    Five Wooded Acres in Matthews

    Five acres of wooded land in a desirable Matthews location.

    1715 Union Rd, Matthews, NC 28104
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    3+ Acres in Hamlet Neighborhood
    Contact for pricing
    3.23 Acres

    3+ Acres in Hamlet Neighborhood

    Two wooded lots to build your custom dream home!

    Ellen Dr, Hamlet, NC 28345
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    Rockingham Land Parcel For Sale
    Contact for pricing
    0.17 Acres

    Rockingham Land Parcel For Sale

    0.17-acre lot in Rockingham, ideal for alternative uses.

    Lincoln St, Rockingham, NC 28379
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    Farmland Near Midland, North Carolina
    $1,242,600
    41.42 Acres

    Farmland Near Midland, North Carolina

    41.42 acres of farmland with development potential near Midland.

    24/27 Nc Hwy, Midland, NC 28107
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    Semi-Cleared Residential Land Tract
    $350,000
    6.95 Acres

    Semi-Cleared Residential Land Tract

    Predominantly level, semi-cleared land with public road frontage, an existing shed/barn, and preliminary septic site evaluations.

    5623 Unionville Brief Rd, Monroe, NC 28110
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    Monroe, NC Home Site
    $110,000
    1.04 Acres

    Monroe, NC Home Site

    Country home site near shopping, dining, and health care.

    2700 Pageland Hwy, Monroe, NC 28112
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    Stanley, NC Land Opportunity
    $185,000
    8.29 Acres

    Stanley, NC Land Opportunity

    8.29 acres of wooded land for sale in Stanley, NC.

    5756 Rumfelt Rd, Stanley, NC 28164
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    LAND - Society Hill, SC
    $44,900
    5.00 Acres

    LAND - Society Hill, SC

    Residential land & home lots

    Society Hill Rd, Society Hill, SC 29593
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    Secluded 8-Acre Land Parcel
    $59,900
    8.00 Acres

    Secluded 8-Acre Land Parcel

    Private 8-acre property in Patrick, SC, ready for your vision.

    Mcqueen Rd, Patrick, SC 29584
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    Peachland Acreage for Dream Home
    $79,999
    2.88 Acres

    Peachland Acreage for Dream Home

    2.88 acres in Peachland, NC, ideal for building.

    Deep Springs Rd, Peachland, NC 28133
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    Monroe Land with Hardwoods
    $329,000
    6.18 Acres

    Monroe Land with Hardwoods

    6.18 acre lot with hardwoods in prime location.

    1115 Unionville Indian Trl St, Monroe, NC 28110
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    Residential Land in Prime Location
    $259,000
    4.57 Acres

    Residential Land in Prime Location

    Beautiful land ready for a new home in Monroe, NC.

    1114 Unionville Indian Trl St, Monroe, NC 28110
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    Equestrian Property with Fenced Paddocks
    $625,000
    6.36 Acres

    Equestrian Property with Fenced Paddocks

    6.36-acre horse property featuring multiple fenced paddocks, barns, and an all-brick ranch home setup for equestrian living.

    205 Airport Rd, Monroe, NC 28110
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    Sandy Ridge Land: Build Your Dream
    $250,000
    11.03 Acres

    Sandy Ridge Land: Build Your Dream

    11+ acres in Sandy Ridge with well and driveway.

    1056 Stephens Trail Rd, Sandy Ridge, NC 27046
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    Blacksburg Land with Sunset Views
    $537,000
    28.24 Acres

    Blacksburg Land with Sunset Views

    28+ acres near Charlotte, ideal for estate or venue.

    N Mountain St, Blacksburg, SC 29702
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    Black Mountain Land For Sale
    $199,900
    10.45 Acres

    Black Mountain Land For Sale

    10.45 acre lot in gated community near Black Mountain.

    129 High Cliffs Trl, Black Mountain, NC 28711
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    20+ Acre Wooded Land Parcel
    $490,000
    20.92 Acres

    20+ Acre Wooded Land Parcel

    20+ acre wooded land with creek, convenient location.

    1148 Fye Dr, Newton, NC 28658
    View details
    Corner Lot Flex-Space Building
    Contact for pricing

    Corner Lot Flex-Space Building

    High-visibility corner lot with flex-space building in York, SC.

    1280 Black Hwy, York, SC 29745
    View details
    Land Available Near Highway
    $537,000

    Land Available Near Highway

    Land located between Highway 198 and Johns Cross Rd.

    000 N Mountain St, Blacksburg, SC 29702
    View details
    Secluded 8-Acre Land Parcel
    Contact for pricing

    Secluded 8-Acre Land Parcel

    Private retreat for a dream home or recreational getaway.

    00 Mcqueen Rd, Patrick, SC 29584
    View details

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    ProStead Realty
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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
    ProStead Realty
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