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

    7908 Concord Highway Monroe, NC 28110

    View on Map
    For Sale
    $1,640,000

    LAND - Monroe, NC

    Lot size:
    47.66 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 3 at 1:06 am

    Property Features for 7908 Concord Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AU5
    Standard status
    Active
    APN
    08-186-010
    Lot size
    47.66 Acres

    Taxes and HOA fees

    TaxDescription
    8525-069

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Denis Dashchenko
    Denis Dashchenko

    Listing agent Denis Dashchenko License #324866

    Listing office Keller Williams Select 6431 Old Monroe Rd Ste 201, Indian Trail, NC

    Listing date Jan 15, 2026

    MLS# 4336433

    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

    Monroe Land: Estate, Equestrian, Retreat

    This 47.66-acre property offers a blend of open, cleared pasture and wooded landscape, suitable for a luxury estate, equestrian property, or recreational retreat. The land provides room for horseback riding, hunting, ATV trails, or general outdoor enjoyment. Located off Concord Highway 601, the property offers privacy with proximity to town. It includes on-site electrical service and a water well permit. Perc-tested for up to 9 homes, the property allows for a multigenerational compound or future development. The zoning is AU5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Auto Repair Shop Garden Center Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5341
    Latitude
    35.148655

    Nearby Similar for Sale

    • $649,500

      Equestrian Property in Wesley Chapel

      6.3+ acre horse property near shopping and dining.
      205 Airport Road, Monroe, NC 28110
      View Details
    • $400,000

      Monroe Land with Income Potential

      13.35 acres in Union County with commercial zoning.
      7301 Wolf Pond Road, Monroe, NC 28112
      View Details
    • $275,000

      Residential Land in Monroe, NC

      1.39-acre lot suitable for residential development in Union County.
      Airport Road, Monroe, NC 28110
      View Details
    • $575,000

      Residential Land in Monroe, NC

      7.957 acres of land suitable for residential development.
      Clarence Secrest Road, Monroe, NC 28110
      View Details
    • $67,999

      Residential Land in Established Community

      Nearly one-acre homesite in Monroe, NC, ready for custom build.
      Edwards Farm Lane, Monroe, NC 28110
      View Details
    • $3,400,000

      Monroe Land Mixed-Use Development

      Prime 19.41-acre site for mixed-use development near Monroe Expressway.
      3621 Rocky River Road N, Monroe, NC 28110
      View Details
    • $149,900

      Wooded Land in Union County

      3.5 acres of wooded land perfect for building a home.
      2734 L J Whitley Road, Monroe, NC 28112
      View Details
    • $189,900

      Vacant Land in Monroe, NC

      Spacious 5-acre vacant land with well, septic, and barn.
      5620 Stack Road, Monroe, NC 28112
      View Details
    • $795,000

      Monroe Land with Airplane Hangar

      30+/- acres with airplane hangar near Downtown Monroe, NC.
      30+/- ac Macedonia Church Road, Monroe, NC 28112
      View Details
    • $149,900

      Monroe, NC Wooded Land

      3.5 acre wooded lot in Union County.
      2734 L J Whitley Road, Monroe, NC 28112
      View Details
    • $600,000

      Monroe Office/Medical Building For Sale

      Two-story office/medical building in Monroe's medical and professional district.
      315 S Sutherland Ave, Monroe, NC
      View Details
    • $800,000
      4,400 SF

      Union County Commercial Opportunity

      Four-acre commercial property with warehouse, office, and metal building.
      5610 Morgan Mill Rd, Monroe, NC 28110
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 47.66 acres perfect for estate, equestrian, or recreational retreat.
    Where is this agricultural land / farmland located?
    The property is located at 7908 Concord Highway Monroe, NC.
    What is the asking price?
    The asking price for this property is $1,640,000.
    What are key features of this property?
    This property features: 47.66‑acre property offering privacy and space for a luxury estate, equestrian property, or recreational retreat.; Combination of open pasture and wooded landscape suitable for various outdoor activities.; Convenient access from Concord Highway 601, balancing privacy with proximity to town.
    (704) 249-6503
    We can help!
    Listing Contact
    Denis Dashchenko
    Denis Dashchenko
    Real Estate License ID: 324866
    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!