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    Mebane Land I-85/I-40 Frontage Title is generated by Realmo AI

    7340 Old Country Lane, Mebane, NC 27302

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    For Sale
    $2,850,000

    COMMERCIAL - Mebane, NC

    Property size:
    1,652 SF
    Lot size:
    31.49 Acres
    Price / SF:
    $1,725/SF
    Added:
    Sep 25, 2025
    Days on Market:
    230
    Last Refresh:
    May 12 at 7:06 pm

    Property Features for 7340 Old Country Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    res
    Parking
    2
    Vegetation
    Wooded, Grassed
    Standard status
    Active
    APN
    see tax legal description
    Size
    1,652 SF
    Lot size
    31.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    9824663191,9824666922,9824651459
    Tax Annual Amount
    5058

    Utilities

    Utilities
    Water Available
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Floors in Building
    1
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Kenneth Walker
    Kenneth Walker

    Listing agent Kenneth Walker License #250457

    Listing office Re/MaxDiamond Realty 202 S Fifth Street, Mebane, NC

    Listing date Sep 25, 2025

    MLS# 10123861

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

    HighLights

    • Exceptional visibility from I‑85 / I‑40, ideal for commercial operations.
    • Prime corridor frontage in a growth market.
    • Utilities available nearby, potentially reducing infrastructure costs.
    • Potential for diverse development including retail, office, industrial, hospitality, or mixed‑use.
    • Immediate access to interstate traffic.
    • Existing structure can serve as a model or caretaker facility.

    Overview

    This property offers a unique opportunity for investors and developers seeking prime corridor frontage in a growing market. Benefiting from exposure to I-85/I-40, the site provides exceptional visibility for commercial operations. Utilities are located nearby, potentially reducing infrastructure extension costs and timelines. The 31.49-acre property, currently zoned residential, may be suitable for retail, shopping center, office park, mixed-use development (commercial and residential), light industrial/warehouse, hospitality (hotel or lodging), or medical campus/professional services, subject to obtaining commercial zoning or conditional use permits. The existing 1652 square foot structure could serve as a model or caretaker facility prior to full buildout. The location offers immediate access to interstate traffic and proximity to manufacturing and distribution hubs. The property is near regional retail and outlet centers, with rapidly appreciating land values in the Mebane area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.249594
    Latitude
    36.076642

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    FAQs

    What type of property is this?
    Commercial land - 31.49 acres with I-85/I-40 frontage in a growth market.
    Where is this commercial land located?
    The property is located at 7340 Old Country Lane Mebane, NC.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Exceptional visibility from I‑85 / I‑40, ideal for commercial operations.; Prime corridor frontage in a growth market.; Utilities available nearby, potentially reducing infrastructure costs.
    (336) 380-1849
    We can help!
    Listing Contact
    Kenneth Walker
    Kenneth Walker
    Real Estate License ID: 250457
    Learn More
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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
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