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

    0000 Charlotte Highway, Troutman, NC 28166

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    One-acre lot with high visibility and road frontage.

    Lot size:
    1.00 Acre
    Added:
    Dec 29, 2024
    Days on Market:
    508
    Last Refresh:
    Mar 16 at 11:15 am

    Property Features for 0000 Charlotte Highway

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    MICHAEL MORGAN

    Listing agent MICHAEL MORGAN License #219912

    Listing office RE/MAX EXECUTIVE

    Listing date Dec 29, 2024

    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 RE/MAX EXECUTIVE

    HighLights

    • High visibility location across from the new Smith Village Center and near the Charter School.
    • One acre lot with 250' of road frontage in front of a planned grocery store.
    • Suitable for single family residences, townhomes, medical/office space, and other commercial opportunities.
    • Located in the growing town of Troutman.
    • Close proximity to Lake Norman.
    • Offers opportunities for businesses to secure their place.

    Overview

    This one-acre commercial land parcel offers 250 feet of road frontage and high visibility. It is located across the street from the new Smith Village Center and in close proximity to the Charter School. The surrounding area is experiencing new growth, presenting opportunities for businesses. The property is situated in front of a planned grocery store, making it suitable for various retail businesses. The location is near Lake Norman. The site is part of a project that includes single-family residences, townhomes, medical/office space, and other commercial opportunities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Troutman
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.853043
    Latitude
    35.670214

    Nearby Similar for Sale

    • $699,900

      Adaptable Commercial Land Opportunity

      5.9 acres in a high-growth area with commercial upside.
      116 Lipe Road, Troutman, NC 28166
      View Details
    • $699,900

      5.9 Acres Investment Opportunity

      5.9-acre property with income-producing homes and commercial growth potential.
      116 Lipe Road, Troutman, NC 28166
      View Details
    • $2,290,000

      Troutman Land Near County Facilities

      Almost 6 acres in Troutman near rec center and fairgrounds.
      694 N Main Street, Troutman, NC 28166
      View Details
    • $850,000

      Lake Norman Waterfront Homesite Opportunity

      Rare 0.75-acre waterfront homesite on Lake Norman's main channel.
      168 Willow Point Road, Troutman, NC 28166
      View Details
    • $196,000

      Residential Land in Troutman, NC

      Two parcels totaling 0.75 acres in downtown Troutman.
      Patterson Street, Troutman, NC 28166
      View Details
    • $196,000

      Troutman Land for Residential Development

      Two parcels totaling 0.75 acres in downtown Troutman.
      Patterson Street, Troutman, NC 28166
      View Details
    • $65,000

      Wooded Lot in Troutman, NC

      0.69-acre wooded lot in downtown Troutman, near Lake Norman.
      Pine State Road, Troutman, NC 28166
      View Details
    • $85,000

      Residential Lot in Growing Troutman

      Spacious lot in Troutman, close to amenities and Lake Norman.
      340 Field Drive, Troutman, NC 28166
      View Details
    • $200,000

      Waterfront Land on Lake Norman

      2.722 acre waterfront lot with 255 feet of shoreline.
      426 Morrison Farm Road, Troutman, NC 28166
      View Details
    • $659,999

      Cleared Land in Troutman, NC

      8.01 acres of cleared land suitable for development.
      433 Lockhard Circle, Troutman, NC 28166
      View Details
    • $145,000

      Residential Lot in Falls Cove

      Corner lot in desirable Falls Cove - Streamwood Community.
      Cody Court, Troutman, NC 28166
      View Details
    • $7,500,000

      Troutman Land Subdivision Opportunity

      Exclusive gated community development opportunity in Troutman, North Carolina.
      228 Fern Hill Road, Troutman, NC 28166
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre lot with high visibility and road frontage.
    Where is this commercial land located?
    The property is located at 0000 Charlotte Highway Troutman, 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: High visibility location across from the new Smith Village Center and near the Charter School.; One acre lot with **250' of road frontage** in front of a planned grocery store.; Suitable for single family residences, townhomes, medical/office space, and other commercial opportunities.
    (704) 815-3200
    We can help!
    Listing Contact
    MICHAEL MORGAN
    Real Estate License ID: 219912
    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
    0000 Charlotte Highway, Troutman, NC 28166
    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!