Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1651 Mollys Backbone Road Sherrills Ford, NC 28673

    View on Map
    Claim this Listing
    For Sale
    $99,900

    LAND - Sherrills Ford, NC

    Lot size:
    0.63 Acres
    Added:
    Dec 4, 2025
    Days on Market:
    151
    Last Refresh:
    May 4 at 8:06 pm

    Property Features for 1651 Mollys Backbone Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4619011671570000
    Lot size
    0.63 Acres

    Taxes and HOA fees

    Tax Description
    LOT 1 PLAT 81-45

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Jon Grigorian

    Listing agent Jon Grigorian License #131675

    Listing office Lakeshore Realty, Inc. 256 Raceway Dr, Ste 12, Mooresville, NC

    Listing date Dec 4, 2025

    MLS# 4326774 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sherrills Ford Building Lot

    This 0.63-acre building lot is located in Sherrills Ford, Catawba County, North Carolina. The property is situated in a high-growth area and has a three-bedroom septic permit on file, making it suitable for residential construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Kitchen & Bath Showroom Garden Center Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sherrills Ford
    County
    Catawba
    State
    North Carolina
    Longitude
    -80.98008
    Latitude
    35.646785

    Nearby Similar for Sale

    • $300,000

      Residential Land in Sherrills Ford

      6+ acres of residential land in a growing area.
      8137 McDonald Drive, Sherrills Ford, NC 28673
      View Details
    • $150,000

      Lake Norman Water View Lot

      Serene 0.56 acre lot with lake views near amenities.
      Jefferson Street, Sherrills Ford, NC 28673
      View Details
    • $417,900

      Lake Norman Waterfront Land

      Unrestricted waterfront lot in Sherrills Ford, near shopping.
      8237 Lymnos Lane, Sherrills Ford, NC 28673
      View Details
    • $385,500

      Sherrills Ford Residential Land

      4.15 acres in Sherrills Ford, great for development.
      McCorkle Lane, Sherrills Ford, NC 28673
      View Details
    • $1,399,000

      Lake Norman Land Opportunity

      13.72 acres with water views in Sherrills Ford, NC.
      Vinewood Road, Sherrills Ford, NC 28673
      View Details
    • $575,000

      Waterfront Lot with Lake Views

      Lake Norman waterfront lot ready for your dream home.
      7326 Right Angle Street, Sherrills Ford, NC 28673
      View Details
    • $398,000

      Lake Norman Waterfront Lot

      Rare 0.5-acre waterfront lot with pier on Lake Norman.
      6718 Emerald Isle Drive, Sherrills Ford, NC 28673
      View Details
    • $135,000

      Lake Norman Land in Sherrills

      Residential lot in Northview Harbour community with lake access.
      8870 Braxton Drive, Sherrills Ford, NC 28673
      View Details
    • $3,500,000

      8.7 Acres Wooded Land

      Residentially zoned land near stores, restaurants, and supermarkets.
      Slanting Bridge Road, Sherrills Ford, NC 28673
      View Details
    • $599,000

      Sherrills Ford Commercial Land

      3.36 acres on NC 150 Hwy near Lake Norman.
      6713 E NC 150 Highway E, Sherrills Ford, NC 28673
      View Details
    • $80,000

      Land Near Lake Norman

      Residential land close to Mountain Creek Park and Lake Norman.
      6914 Little Mountain Road, Sherrills Ford, NC 28673
      View Details
    • $175,000

      Sherrills Ford Land For Sale

      6. 5+ acre wooded lot in Sherrills Ford, NC.
      4343 Mount Pleasant Road, Sherrills Ford, NC 28673
      View Details

    FAQs

    What type of property is this?
    Land - Residential land in a high-growth Catawba County area.
    Where is this land located?
    The property is located at 1651 Mollys Backbone Road Sherrills Ford, NC.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Great building lot in a high growth area of Catawba County; Three bedroom septic permit on file; Location: -80.98008, 35.646786
    (704) 201-8592
    We can help!
    Listing Contact
    Jon Grigorian
    Real Estate License ID: 131675
    Learn More
    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.
    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

    Thank You for Inquiry
    1651 Mollys Backbone Road, Sherrills Ford, NC 28673
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!