Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    10-Acre Parcel Near Waxhaw Title is generated by Realmo AI

    1 Lancaster Highway, Waxhaw, NC 28173

    View on Map
    Claim this Listing
    For Sale
    $250,000

    10-acre parcel, 10 minutes from Waxhaw, NC.

    Type:Land / Lot
    Lot size:
    10.00 Acres
    Added:
    Nov 15, 2025
    Days on Market:
    201
    Last Refresh:
    Mar 13 at 12:13 pm

    Property Features for 1 Lancaster Highway

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land / Lot

    We can help!

    Listing Contact
    Jay Ross
    Jay Ross

    Listing agent Jay Ross License #81033

    Listing office Keller Williams Select

    Listing date Nov 15, 2025

    Source Compass

    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 Select

    HighLights

    • 10‑acre parcel offers ample space for creating a private estate.
    • Conveniently located just 10 minutes from Main Street in Waxhaw, NC.
    • Secluded location provides a peaceful and private environment.
    • Initial soil evaluation completed, saving buyer time and expense.
    • Soil map is included, providing valuable information for development.
    • Paved road access ensures easy entry and exit.

    Overview

    This 10-acre parcel is located a short 10-minute drive from Main Street in Waxhaw, North Carolina. An initial soil evaluation has been completed, and the soil map is available as an attachment. The property offers the opportunity to create a secluded estate.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Bar & Pub (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxhaw
    County
    Union
    State
    North Carolina
    Longitude
    -80.642868
    Latitude
    34.883849

    Nearby Similar for Sale

    • $415,000

      Commercially Zoned Undeveloped Lot

      Build-ready commercial land with utilities available, positioned between major retail and automotive users.
      Waxhaw Parkway, Waxhaw, NC 28173
      View Details
    • $180,000

      Waxhaw Homesite in Forest Creek

      1.02-acre wooded homesite in desirable Waxhaw community.
      7000 Waxhaw Crossing Drive, Waxhaw, NC 28173
      View Details
    • $595,000

      Waxhaw Estate Lot For Sale

      8.96 acre estate lot near historic downtown Waxhaw.
      2209 Green View Drive, Waxhaw, NC 28173
      View Details
    • $435,000

      Waxhaw Homesite in Gated Community

      Nearly one-acre homesite in premier Waxhaw location.
      8334 Victoria Lake Drive, Waxhaw, NC 28173
      View Details
    • $1,150,000

      Waxhaw Land for Private Residence

      10 acres of land ready for a private residence.
      Potter Road, Waxhaw, NC 28173
      View Details
    • $410,000

      Waxhaw Homesite in Gated Community

      Exceptional homesite in Victoria Lake, Union County. Water/sewer fees paid.
      8335 Victoria Lake Drive, Waxhaw, NC 28173
      View Details
    • $725,000

      Waxhaw Land with Development Potential

      16.88-acre parcel near Waxhaw, NC, ideal for estate or development.
      Rehobeth Road, Waxhaw, NC 28173
      View Details
    • $750,000

      Prime Land in Waxhaw, NC

      24-acre property ideal for dream home, equestrian, or retreat.
      8706 Tirzah Church Road, Waxhaw, NC 28173
      View Details
    • $213,000

      Fenced Land Ideal for Farming

      3.77 acres with barn, pond, ready for hobby farm.
      7204 Nesbit Road, Waxhaw, NC 28173
      View Details
    • $199,000

      Ready-to-Build Lot Near Downtown Waxhaw

      Spacious 1.34-acre lot near downtown Waxhaw.
      5904 Mcwhorter Road, Waxhaw, NC 28173
      View Details
    • $275,000

      Waxhaw Land with Acreage

      4.2+ acre lot suitable for horses or small farm.
      7518 Davis Road, Waxhaw, NC 28173
      View Details
    • $450,000

      Commercially Zoned Land in Waxhaw

      Undeveloped 1.3-acre commercial lot in growing Waxhaw area.
      000 Waxhaw Parkway, Waxhaw, NC 28173
      View Details

    FAQs

    What type of property is this?
    Land - 10-acre parcel, 10 minutes from Waxhaw, NC.
    Where is this land located?
    The property is located at 1 Lancaster Highway Waxhaw, NC.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 10‑acre parcel offers ample space for creating a private estate.; Conveniently located just 10 minutes from Main Street in Waxhaw, NC.; Secluded location provides a peaceful and private environment.
    (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

    Thank You for Inquiry
    1 Lancaster Highway, Waxhaw, NC 28173
    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!