Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1970 Business Denver, NC 28037

    Sponsored
    For Sale
    $599,900

    COMMERCIAL - Denver, NC

    Lot size:
    3.16 Acres
    Days on Market:
    110
    Last Refresh:
    Feb 16 at 7:06 pm

    Property Features for 1970 Business

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-SF
    APN
    32929
    Fencing
    Chain Link
    Lot size
    3.16 Acres

    Building Details

    Year built
    1943
    Building materials
    Brick Full
    Roof type
    Composition
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Greer Stamey

    Lake Norman Realty (704) 892-9673

    Listing agent Greer Stamey

    Listing date Oct 30, 2025

    MLS# 4308124

    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.

    Learn more

    Property Insight Report

    Overview

    Denver, NC Commercial Land

    This 3.25-acre property in Denver, NC, presents development potential. It is improved with a 1,500 square foot home and multiple outbuildings. Zoned Residential Single Family within the East Lincoln District Overlay, the property is designated for business use according to Lincoln County's Future Land Use Plan, suggesting suitability for conversion or redevelopment. The site benefits from an average daily traffic count of 17,000 and 265 feet of frontage on business highway 16. Additional parcels are also for sale: parcel 32820 consisting of 4.24 acres, and parcel 32918 which includes a 1,051 square foot structure on 0.72 acres. The combined total acreage for sale is 8.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Denver
    County
    Lincoln
    State
    North Carolina
    Longitude
    -80.993669
    Latitude
    35.496767

    Nearby Similar for Sale

    • $535,000
      2,582 SF

      New Denver Duplex Investment Opportunity

      New construction duplex in Denver, NC, ideal for rental income.
      5536 Wrenn Dr, Denver, NC 28037
      View Details
    • $209,000

      Denver, NC Religious Facility

      Located in Denver, North Carolina, suitable for churches and religious facilities.
      4733 Mountain Creek Ave, Denver, NC 28037
      View Details
    • $199,000

      Denver, NC Land For Sale

      Land available in Catawba County, Denver, North Carolina.
      4729 Mountain Creek Ave, Denver, NC 28037
      View Details
    • $659,000

      Industrial Property in Denver, NC

      Industrial property for sale in Lincoln County, Denver, North Carolina.
      7786 Galway Ln, Denver, NC 28037
      View Details
    • $1,265,000
      2,494 SF

      Unique Office Space with Rustic Elegance

      One-of-a-kind office space designed for client entertainment and general business.
      2173 Smith Harbour Dr, Denver, NC 28037
      View Details
    • $309,000
      1,438 SF

      Spacious End Unit in Denver

      Large end unit with updates in 55+ community.
      3878 Sage Ct, Denver, NC 28037
      View Details
    • $695,000
      Pending

      I-G Zoned Commercial Property

      Versatile industrial property suitable for various commercial uses.
      4153 Burnwood Trl, Denver, NC 28037
      View Details
    • $725,000
      2,321 SF

      Denver Office Building - Hwy 150 Frontage

      Prime Office Space, High Visibility, 1.38 Acres
      5928 Nc Hwy 150 Hwy, Denver, NC 28037
      View Details
    • $1,600,000
      1,310 SF

      Denver Commercial Land Investment Opportunity

      High-Visibility Hwy 16 Business Property
      3229 Business Hwy, Denver, NC 28037
      View Details

    FAQs

    What type of property is this?
    Land - 3.25-acre property with development potential in Denver, NC.
    Where is this land located?
    The property is located at 1970 Business Denver, NC.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Potential for business use conversion/redevelopment based on Lincoln County's Future Land Use Plan.; - Significant development potential on a 3.25-acre property.; - Located in the East Lincoln District Overlay with Residential Single Family zoning.
    (704) 472-2198
    Request Owner's contact information
    1970 Business Denver, NC 28037
    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.
    1970 Business
    Denver, NC 28037
    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
    1970 Business Denver, NC 28037
    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

    We can help!
    Listing Contact
    Greer Stamey
    (704) 472-2198 (704) 483-1518
    Learn more
    Google sign-in failed. Please try again or use another login method.