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    000 N Renee Ford Rd, Unit Stanfield Stanfield, NC 28163

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    For Sale
    $5,250,000

    Acreage suitable for estate, farm, industrial, or development purposes.

    Property Features for 000 N Renee Ford Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Judy Godwin
    Judy Godwin
    Source: Corcoran

    Listing Agent: Judy Godwin

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

    Learn more

    Overview

    87.6 Acres of Versatile Land

    This property features approximately 87.6 acres of land, characterized by a mix of wooded and cleared areas. According to the GIS tax card, approximately 59.6 acres are wooded, while 28 acres are cleared and currently leased for farming, with the recent harvesting of a corn crop. The land includes a pond on the back side. The property has approximately 485 feet of road frontage on Renee Ford Road. Access to the property is currently available via Gem Road, which is not included in the sale but is available for separate purchase. If Gem Road is purchased, the current homeowner would require an easement for access to their house. An additional road will need to be constructed from Renee Ford Road after purchase. The site is located about a mile from Highway 24/27 in Locust, offering convenient access to food, medical, banks, and shopping areas. It is also approximately 13 miles from I-485. The land adjoins the Stanfield industrial site on Browns Hill Road. There is an old well on the property, but no public water or sewer is available.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Daycare Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Stanfield
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.446382
    Latitude
    35.237534

    Nearby Similar for Sale

    • $115,000

      Wooded Lot with Tenant

      Wooded lot featuring a manufactured home with a tenant.
      4152 River Rd, Stanfield, NC 28163
      View Details
    • $1,250,000
      12.43 Acres

      gas station

      or the business of your choosing. Land would need to rezoned for commercial if used for that purpose. PLEASE DO NOT GO ONTO PROPERTY WITHOUT AN APPOINTMENT. Public water and sewer runs by property. Will need approval from City of Stanfield to connect and will require payment of tap fees. Also 3 phase electric is available at road. SEE ATTACHED MAP DRAWING THAT SHOWS ACREAGE TO BE SURVEYED OUT OF WHOLE PARCEL. AGAIN
      14004 Elm St, Stanfield, NC 28163
      View Details

    FAQs

    What type of property is this?
    Land - Acreage suitable for estate, farm, industrial, or development purposes.
    Where is this land located?
    The property is located at 000 N Renee Ford Rd, Unit Stanfield Stanfield, NC.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: - 87.6+/- acres suitable for estate, farm, industrial, or development.; - Located near Locust, offering convenient access to amenities.; - Approximately 59.6 acres are wooded and 28 acres are cleared.
    (704) 438-3403
    Request Owner's contact information
    000 N Renee Ford Rd, Unit Stanfield Stanfield, NC 28163
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    Stanfield, NC 28163
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    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
    000 N Renee Ford Rd, Unit Stanfield Stanfield, NC 28163
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    We can help!
    Listing Contact
    Judy Godwin
    Judy Godwin
    Real Estate License ID: 231444
    (704) 438-3403
    Learn more
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