Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Picketts Circle unit 55 Indian Trail, NC 29079

    View on Map
    Claim this Listing
    New
    For Sale
    $101,000

    LAND - Indian Trail, NC

    Lot size:
    0.60 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 11 at 4:06 am

    Property Features for Picketts Circle unit 55

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AP4
    Standard status
    Active
    APN
    07090065
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Description
    #55 VALLEY ESTATES PB7PG022

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Toni Dishman

    Listing agent Toni Dishman

    Listing office Lake Norman Realty, Inc. 211 South Center St, Ste 205A, NC

    Listing date Apr 7, 2026

    MLS# 4363737 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

    Cleared Corner Lot in Indian Trail

    This cleared corner lot in Indian Trail, NC, offers an opportunity to build a custom home. The spacious parcel spans just over half an acre and provides a canvas for realizing your future dreams. With no HOA restrictions, you have the freedom to design a living space tailored to your desires. The location provides access to major transportation arteries like US-74 and I-485, connecting you to the Charlotte metropolitan area. Proximity to shopping centers, dining establishments, and recreational parks ensures daily needs and leisure pursuits are within easy reach. This property represents a chance to secure a piece of land in a suburban environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.6516207
    Latitude
    35.0521042

    Nearby Similar for Sale

    • $315,000

      Corner Lot in Indian Trail

      2.1 acre corner lot near shops and major highways.
      Faith Church Road, Indian Trail, NC 28079
      View Details
    • $350,000

      Land in Anniston Grove

      Buildable lot in desirable Anniston Grove community.
      1412 Tarrington Way, Indian Trail, NC 28079
      View Details
    • $83,000

      Prime Lot in Indian Trail, NC

      Residential lot in a desirable Union County location.
      2510 Younts Road, Indian Trail, NC 28079
      View Details
    • $1,999,999

      Farm Land in Indian Trail

      71+/- acre farm land with pasture, woods, and creek.
      315 Brief Road W, Indian Trail, NC 28079
      View Details
    • $1,200,000

      Prime Commercial Land Opportunity

      Expansive commercial land in a high-growth area with excellent accessibility.
      00 Gribble Road, Indian Trail, NC 28079
      View Details
    • $850,000

      Land Near Unionville Indian Trail

      Land close to signalized intersection and Monroe Expressway.
      3314 W Unionville Indian Trail Road, Indian Trail, NC
      View Details
    • $2,000,000

      Land Near Monroe Expressway

      Land with utilities near the Monroe Expressway.
      3012 Unionville Indian Trail Rd, Indian Trail, NC
      View Details
    • $1,475,000

      Land Near Monroe Expressway

      Land available near a signalized intersection with intent to rezone.
      6415 Secrest Short Cut Rd, Indian Trail, NC
      View Details
    • $595,250

      Land Near Monroe Expressway

      Commercial land close to signalized intersection and Monroe Expressway.
      3325 Unionville - Indian Trail Rd W, Indian Trail, NC
      View Details
    • $297,450

      Indian Trail Commercial Land Parcel

      Almost fully wooded lot with many possible uses.
      Secrest Shortcut Road, Indian Trail, NC 28079
      View Details
    • $5,000,000

      Highway 74 Retail Land

      Land near Lidl Grocery with high traffic and growth potential.
      0 Unionville Indian Trail Rd, Indian Trail, NC
      View Details
    • $699,900

      Prime Corner Real Estate Opportunity

      Corner lot near Stallings Brook Subdivision and Porter Ridge Schools.
      Unionville Indian Trail Road, Indian Trail, NC 28079
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime 0.595-acre lot with easy access to Charlotte.
    Where is this residential land & home lot located?
    The property is located at Picketts Circle unit 55 Indian Trail, NC.
    What is the asking price?
    The asking price for this property is $101,000.
    What are key features of this property?
    This property features: Prime, cleared corner lot spanning over half an acre.; No HOA, offering freedom to design and build without restrictions.; Excellent access to US‑74 and I‑485, connecting to Charlotte.
    (704) 905-1291
    We can help!
    Listing Contact
    Toni Dishman
    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!