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

    5401 Army Road Marshville, NC 28103

    View on Map
    Pending
    $675,000

    LAND - Marshville, NC

    Lot size:
    35.22 Acres
    Added:
    Sep 20, 2025
    Days on Market:
    197
    Last Refresh:
    Apr 4 at 5:06 am

    Property Features for 5401 Army Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-40
    Standard status
    Pending
    APN
    01-141-008
    Lot size
    35.22 Acres

    Taxes and HOA fees

    Tax Description
    40.22A OPCO852

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Joseph McMurry
    Joseph McMurry

    Listing agent Joseph McMurry License #301841

    Listing office EXP Realty LLC Ballantyne 3440 Toringdon Way Ste 205, NC

    Listing date Sep 20, 2025

    MLS# 4303578

    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

    Marshville Land with Diverse Features

    This 35.22-acre property offers a combination of mature hardwood forest, open pasture suitable for farming or livestock, and approximately 10 acres of pine trees ready for harvest. A tractor shed remains on the property, providing storage and utility. A new path connects Army Road with the tractor shed, providing access to the property. A culvert has been installed to facilitate movement across the property. The land presents opportunities for recreation, investment, or a homestead site. Located in Marshville, North Carolina, the property is zoned R-40.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshville
    County
    Union
    State
    North Carolina
    Longitude
    -80.3695273
    Latitude
    35.1347128

    Nearby Similar for Sale

    • $250,000

      Marshville Land in New Salem

      Wooded lot in New Salem Estates, ready for your dream home.
      6307 Highway 205 unit: 7, Marshville, NC 28103
      View Details
    • $500,000
      2,773 SF

      Retail Space Available Now

      2,773 SF retail space available for lease now.
      136 E Main St, Marshville, NC
      View Details
    • $365,000

      Marshville Land: Country Living Awaits

      13.8 acres of land perfect for a dream home.
      Leonard Morgan Road, Marshville, NC 28103
      View Details
    • $2,860,000
      23,890 SF

      Marshville Commercial Property For Sale

      23,890 SF commercial property with highway visibility in Marshville, NC.
      6920 E Marshville Boulevard, Marshville, NC 28103
      View Details
    • $850,000
      9,915 SF

      Marshville Commercial Property on Highway

      Versatile commercial property with high visibility and flexible space.
      6402 W Marshville Boulevard, Marshville, NC 28103
      View Details
    • $115,000

      Residential Land in Marshville, NC

      Residential land available in Marshville, North Carolina.
      5408 Little Staton Road, Marshville, NC 28103
      View Details
    • $184,000

      4.4 Acres in Marshville, NC

      4.4-acre property perfect for building a dream home.
      Landsford Road unit: 1, Marshville, NC 28103
      View Details
    • $493,000

      Land Near Signalized Intersection

      Commercial land available near a signalized intersection, rezoning intended.
      Hwy 74 E, Marshville, NC
      View Details
    • $2,900,000

      Prime Marshville Commercial Land Opportunity

      29 acres with highway frontage in growing Marshville, NC.
      7038 Marshville E Boulevard, Marshville, NC 28103
      View Details
    • $347,000

      Marshville Homestead with Farm Views

      13.83 acre homestead in Marshville, Union County.
      0000 Lucy Short Cut Road #2, Marshville, NC 28103
      View Details
    • $1,950,000
      3,474 SF

      Iconic Marshville Commercial Property For Sale

      High-visibility commercial property in rapidly developing corridor, ideal for various businesses.
      6601 E Marshville Boulevard, Marshville, NC 28103
      View Details
    • $3,745,525

      Industrial Land Near Monroe Expressway

      Industrial land with CSX Railroad frontage near NC Hwy 74.
      0 Stegall Rd, Marshville, NC
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 35.22 acres featuring pasture, timber, and mature hardwoods.
    Where is this agricultural land / farmland located?
    The property is located at 5401 Army Road Marshville, NC.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 35.22 acres of land with mature hardwood forest and open pasture.; Approximately 10 acres of ready‑to‑harvest pine trees.; Tractor shed included for equipment storage.
    (980) 254-1842
    We can help!
    Listing Contact
    Joseph McMurry
    Joseph McMurry
    Real Estate License ID: 301841
    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!