Add Listing
    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

    3360 Tolley Street Claremont, NC 28610

    View on Map
    For Sale
    Under Contract
    Contact for pricing

    LAND - Claremont, NC

    Lot size:
    0.49 Acres
    Added:
    Jan 31, 2024
    Days on Market:
    791
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 3360 Tolley Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    376006374658
    Lot size
    0.49 Acres

    Taxes and HOA fees

    TaxDescription
    Lot 1 Valley Acres PL14-115

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Denise Eddleman

    Listing agent Denise Eddleman License #179066

    Listing office Keller Williams Realty Elite 1100 S Stratford Rd Bl C Ste 2, WINSTON-SALEM, NC

    Listing date Jan 31, 2024

    MLS# 4105116 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

    Corner Lot in Valley Acres

    Located at the corner of NC HWY 10 and Tolley Street in Valley Acres, Claremont, North Carolina, this 0.49-acre land parcel is available for sale. The topography is suitable for a home with a basement. A small creek runs through the back of the property. City water is available with a tap fee; a septic system is needed. The property is intended for residential use, offering a location to build a new home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Food Market Grocery & Convenience Store Electrical Service Grocery & Convenience Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.1435144
    Latitude
    35.6755935

    Nearby Similar for Sale

    • $299,900

      Claremont Duplex Income Opportunity

      Multi-family brick duplex in Claremont, NC. Perfect for investors.
      2706 and 2708 Harwell Street, Claremont, NC 28610
      View Details
    • $350,000

      Lakeview Estate Land Opportunity

      13+ acres with lake views and dockable waterfront lot.
      4270 Laurel Hill Road, Claremont, NC 28610
      View Details
    • $250,000

      Claremont Warehouse on 1.1 Acres

      8000 sq ft insulated warehouse on 1.1 acres near I-40.
      5481 Herman Road, Claremont, NC 28610
      View Details
    • $995,000
      19,000 SF

      Claremont Warehouse/Industrial Facility For Sale

      19,000+/- sq. ft. warehouse with expansion potential near I-40.
      0000 & 3562 Old Catawba Road, Claremont, NC 28610
      View Details
    • $27,900

      Land in Claremont, North Carolina

      2.41 acre lot perfect for building a dream home.
      3609 East NC 10 Highway, Claremont, NC 28610
      View Details
    • $160,000

      Commercial Land in Claremont

      Prime 0.60-acre commercial land opportunity in thriving Claremont, NC.
      3100 N Oxford Street, Claremont, NC 28610
      View Details
    • $240,000

      Land in Claremont, North Carolina

      Land available in Claremont, North Carolina, totaling 8.98 acres.
      None Street, Claremont, NC 28610
      View Details
    • $135,000

      Land in Claremont, North Carolina

      Acreage close to schools and parks in Claremont, NC.
      None, Claremont, NC 28610
      View Details
    • $600,000

      Warehouse/Manufacturing Building with Dock Doors

      Insulated warehouse/manufacturing building with dock doors, ready for business.
      5485 Herman Road #2, Claremont, NC 28610
      View Details
    • $995,000

      Claremont Warehouse/Industrial Facility For Sale

      Warehouse/industrial/manufacturing facility near Claremont with expansion potential.
      0000 & 3562 Old Catawba Road, Claremont, NC 28610
      View Details
    • $995,000

      Land for Retail Development

      Over 3 acres, convenient location for retail development.
      3071 N Oxford Street, Claremont, NC 28610
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Claremont, NC, suitable for building a home.
    Where is this residential land & home lot located?
    The property is located at 3360 Tolley Street Claremont, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Great location in Valley Acres.; City water available (with tap fee).; Topography perfect for a home with a basement.
    (704) 450-8407
    We can help!
    Listing Contact
    Denise Eddleman
    Real Estate License ID: 179066
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!