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

    Hwy 74 Wingate, NC 28174

    View on Map
    Claim this Listing
    For Sale
    $270,000

    LAND - Wingate, NC

    Lot size:
    1.13 Acres
    Added:
    May 6, 2021
    Days on Market:
    1812
    Last Refresh:
    Apr 21 at 2:06 am

    Property Features for Hwy 74

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    09-022-012
    Lot size
    1.13 Acres

    Taxes and HOA fees

    Tax Description
    MEADOW BRANCH & SPRING 00000 HWY 74

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Jay Ross
    Jay Ross

    Listing agent Jay Ross License #81033

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

    Listing date May 6, 2021

    MLS# 3731172 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

    Land Near Wingate College

    This property features approximately 1.13 acres of commercial land situated on Highway 74, directly across from Wingate College in Wingate, North Carolina. The site offers multiple opportunities for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wingate
    County
    Union
    State
    North Carolina
    Longitude
    -80.445431
    Latitude
    34.982378

    Nearby Similar for Sale

    • $89,900

      Wingate, NC Land for Sale

      1.536 acre lot for dream home in Wingate, NC.
      1417 Ellis Griffin Road, Wingate, NC 28174
      View Details
    • $240,000

      Wingate Land For Sale

      4.849 acres in Union County with septic and well.
      1417 Ellis Griffin Road, Wingate, NC 28174
      View Details
    • $299,000

      Cleared Land in Wingate, NC

      8.5+ acre cleared land parcel ready for building or development.
      Old Pageland Marshville Road, Wingate, NC 28174
      View Details
    • $89,900

      Wingate Land For Sale

      1.595 acre lot with septic in Wingate, North Carolina.
      1417 Ellis Griffin Road, Wingate, NC 28174
      View Details
    • $79,900

      Wingate, NC Land for Sale

      1.71 acres in Union County, ready for your dream home.
      1417 Ellis Griffin Road, Wingate, NC 28174
      View Details
    • $245,000

      Wingate Wooded Acreage For Sale

      10 wooded acres in Union County, suitable for estate or investment.
      1417 Ellis Griffin Road, Wingate, NC 28174
      View Details
    • $950,000

      26.41 Acres Wooded Land

      26.41 acres of wooded land ideal for development.
      1417 Ellis Griffin Road, Wingate, NC 28174
      View Details
    • $115,000

      Land Parcel Near Highway 74

      Land parcel near U.S. Hwy 74 and S Main St.
      501 Witmore Rd, Wingate, NC
      View Details
    • $72,500

      Land Near US Hwy 74

      Land available near US Hwy 74 and South Main Street.
      Witmore Rd, Wingate, NC
      View Details
    • $500,000

      Highway 74 Commercial Property

      Commercial property on Highway 74 near Wingate University.
      0 Hwy 74 Highway, Wingate, NC 28174
      View Details
    • $590,000

      Land with Leased Duplex

      Land with duplex, fully leased, near Old Monroe Marshville Road.
      3115 A Gilboa Rd, Wingate, NC
      View Details
    • $875,000

      5 Acre Development Opportunity

      5 acre development opportunity near Wingate University.
      1009 Austin Chaney Road, Wingate, NC 28174
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.13 acre commercial land for sale near Wingate College.
    Where is this commercial land located?
    The property is located at Hwy 74 Wingate, NC.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: 1 +/- acre property; Highway 74 frontage; Across from Wingate College
    (704) 400-4019
    We can help!
    Listing Contact
    Jay Ross
    Jay Ross
    Real Estate License ID: 81033
    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!