Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    3 Acres Land For Sale Title is generated by Realmo AI

    00 Old Walker Mill Road, Randleman, NC 27317

    View on Map
    Claim this Listing
    For Sale
    $55,000

    3 acres of land with potential for various uses.

    Type:Land or Vacant Lot
    Lot size:
    3.00 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    57
    Last Refresh:
    Apr 8 at 8:43 pm

    Property Features for 00 Old Walker Mill Road

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    GARY RENIGAR

    Listing agent GARY RENIGAR License #212661

    Listing office KELLER WILLIAMS CENTRAL

    Listing date Apr 7, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS CENTRAL

    HighLights

    • 3 Acres of Land
    • Potential for Well/Septic System
    • Utility Easement at Roadway
    • May have an Old Tobacco Barn

    Overview

    This property features 3 acres of land. The site may contain an old tobacco barn. Utility easement is located at the roadway. Well and septic information is attached.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Randleman
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.802451
    Latitude
    35.832275

    Nearby Similar for Sale

    • $59,900
      1,947 SF

      Randleman Automotive Repair Shop

      1947 SF building suitable for auto repair or retail.
      2801 Old Liberty Road, Randleman, NC 27317
      View Details
    • $69,000

      Randleman Land Opportunity

      Approximately 1.25 acre corner lot near local amenities.
      Oakwood Trail, Randleman, NC 27350
      View Details
    • $395,000

      Downtown Randleman Industrial/Retail Space

      Industrial/retail space in downtown Randleman with hardwood flooring and 3-phase power.
      116 West Academy Street, Randleman, NC 27317
      View Details
    • $258,000

      Vacant Land in Randleman, NC

      Vacant commercial land with road frontage and river views.
      216 Russell Walker Avenue, Randleman, NC 27317
      View Details
    • $34,500

      Residential Lot in Randleman, NC

      1.04-acre wooded lot ready for new home construction.
      Idlewild Drive Extension, Randleman, NC 27317
      View Details
    • $6,500,000
      130,594 SF

      Randleman Industrial Facility For Sale

      130,594 SF industrial property with manufacturing and warehouse space.
      4139 Us Highway 311, Randleman, NC
      View Details
    • $249,900
      4,000 SF

      Versatile Building on Large Lot

      1.57 acre lot with 4000sf building, rezoning potential.
      1631 Worthville Road, Randleman, NC 27317
      View Details
    • $8,500,000

      Randleman Acreage Near Toyota Facility

      284-acre tract near major economic drivers and industry.
      9135 US Highway 220 N, Randleman, NC 27317
      View Details
    • $678,000

      Sprawling Land Parcel Near Lake

      Approximately 17-acre land parcel with extensive road frontage near lake.
      00 Little Fox Road, Randleman, NC 27317
      View Details
    • $4,215,000
      85,680 SF

      Randleman Industrial Facility For Sale

      85,680 SF industrial facility near I-74 and I-85.
      4524 Tigers Den Rd, Randleman, NC 27317
      View Details
    • $598,000

      Sprawling Land Near Rendleman Lake

      Approximately 17-acre corner parcel near Rendleman Lake.
      00 Tigers Den Road, Randleman, NC 27317
      View Details
    • $55,000

      Wooded Tract with Scenic Pond

      Land with pond ideal for recreation or private retreat.
      7111 Cedar Valley Drive, Randleman, NC 27317
      View Details

    FAQs

    What type of property is this?
    Land - 3 acres of land with potential for various uses.
    Where is this land located?
    The property is located at 00 Old Walker Mill Road Randleman, NC.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 3 Acres of Land; Potential for Well/Septic System; Utility Easement at Roadway
    (336) 227-4433
    We can help!
    Listing Contact
    GARY RENIGAR
    Real Estate License ID: 212661
    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

    Thank You for Inquiry
    00 Old Walker Mill Road, Randleman, NC 27317
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!