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

    Cardinal Dr Henderson, NC 27536

    Sponsored
    For Sale
    $500,000

    LAND - Henderson, NC

    Lot size:
    35.01 Acres
    Days on Market:
    180
    Last Refresh:
    Feb 20 at 5:06 am

    Property Features for Cardinal Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    B2
    APN
    0214 03004
    Lot size
    35.01 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Ruxton Bobbitt

    Coldwell Banker Advantage

    Listing agent Ruxton Bobbitt (252) 430-9018

    Listing date Aug 25, 2025

    MLS# 10074251

    Copyright © 2025 Doorify MLS of North Carolina. 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

    Henderson, NC Land For Sale

    This 35.01-acre commercial land parcel is located in Henderson, North Carolina. The property adjoins a Food Lion, with access from Cardinal Drive via two access points to be installed. The open acre is easily viewed from the rear of the shopping center. Water and sewer services are available. The property adjoins City of Henderson property and Fox Pond park on the back side. The zoning is B2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.381138
    Latitude
    36.322893

    Nearby Similar for Sale

    • $650,000
      2,644 SF

      Kerr Lake Farmhouse with Acreage

      Charming farmhouse on 5.81 acres with Kerr Lake access.
      675 Anderson Creek Rd, Henderson, NC 27537
      View Details
    • $585,000
      1,802 SF

      New Ranch Home Near Kerr Lake

      New construction ranch home with lake access and modern amenities.
      280 Stonewood Loop Ln, Henderson, NC 27537
      View Details
    • $205,000
      1,365 SF

      Henderson Duplex with Strong Cashflow

      Duplex in Henderson, NC with updated features and strong rental income.
      691-693 Boddie St, Henderson, NC 27536
      View Details
    • New
      $99,900
      3,212 SF

      Henderson Duplex Renovation Opportunity

      Duplex in Henderson, NC, ideal for experienced investors.
      169 Burwell Ave, Henderson, NC 27536
      View Details
    • $495,000
      1,501 SF

      Henderson Ranch Home Near Kerr

      Three-bedroom, two-bath home with community boat slip access.
      53 Stonewood Loop Ln, Henderson, NC 27537
      View Details
    • $229,000
      Pending

      Kerr Lake Waterfront Land Parcel

      12.3-acre waterfront land with private dock permit on Kerr Lake.
      1311 Plum Nutty Rd, Henderson, NC 27537
      View Details
    • $215,000
      1,365 SF

      Henderson Duplex with Recent Upgrades

      Duplex with new roof and updated interiors, great for investors.
      691-693 Boddie St, Henderson, NC 27536
      View Details
    • New
      $64,000
      480 SF

      Henderson Rental Portfolio Opportunity

      Cash-flowing residential portfolio in Henderson, North Carolina.
      647 Marshall St, Henderson, NC 27536
      View Details
    • New
      $72,500
      484 SF

      Henderson NC Rental Portfolio Opportunity

      Cash-flowing residential portfolio in Henderson, NC with long-term tenants.
      651 Marshall St, Henderson, NC 27536
      View Details
    • New
      $93,800
      504 SF

      Residential Income Property For Sale

      Cash-flowing residential portfolio in Henderson, NC with long-term tenants.
      631 Marshall St, Henderson, NC 27536
      View Details
    • New
      $92,700
      484 SF

      Henderson Multifamily Investment Opportunity

      Cash-flowing residential portfolio in Henderson, North Carolina.
      646 Marshall St, Henderson, NC 27536
      View Details
    • New
      $62,400
      488 SF

      Marshall Street Investment Opportunity

      Residential portfolio in Henderson, NC with income potential.
      648 Marshall St, Henderson, NC 27536
      View Details

    FAQs

    What type of property is this?
    Commercial land - 35.01 acre commercial land parcel in Henderson, North Carolina.
    Where is this commercial land located?
    The property is located at Cardinal Dr Henderson, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Adjoins Food Lion on Andrews Ave, offering high visibility and potential customer traffic.; - Water and sewer connections are readily available.; - Includes an open acre easily visible from the rear of the shopping center.
    (252) 430-9018
    Request Owner's contact information
    Cardinal Dr Henderson, NC 27536
    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.
    Cardinal Dr
    Henderson, NC 27536
    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
    Cardinal Dr Henderson, NC 27536
    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
    Ruxton Bobbitt
    Real Estate License ID: 128220
    (252) 430-9018 (252) 431-6250
    Learn more
    Google sign-in failed. Please try again or use another login method.