Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Near Downtown Dallas Title is generated by Realmo AI

    1009 Lower Dallas Hwy, Dallas, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Cleared commercial land with utilities, near downtown Dallas.

    Type:LAND
    Lot size:
    2.08 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    325
    Last Refresh:
    Apr 5 at 8:42 pm

    Property Features for 1009 Lower Dallas Hwy

    General Information

    Standard status
    Active
    Lot size
    2.08 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jennifer Church

    Listing agent Jennifer Church

    Listing office Centra Properties, LLC

    Listing date Jun 23, 2025

    Source Moodyscre

    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 Centra Properties, LLC

    HighLights

    • Ideal for office/land development opportunity.
    • Zoned C‑3 General Commercial with multiple uses by right.
    • Utilities available on mostly cleared site.
    • Just 1 mile to downtown Dallas.
    • Approximately 5 minute drive to I‑85 and Hwy 321.
    • Existing building onsite (former auto dealership).

    Overview

    This mostly cleared commercial land site, owned by a broker, presents a land development opportunity. An existing building is located on the site, suitable for office use. The property is zoned C-3 General Commercial by Gaston County, allowing for multiple uses by right. Refer to Gaston County's zoning table for specific permitted uses under C-3 zoning. The site is approximately a 5-minute drive to I-85 Exit 20 and Hwy 321 Exit 12A. The property is located one mile from downtown Dallas. Utilities are available at the site. The property, identified by Gaston County PID 171424, was formerly an auto dealership.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1591
    Latitude
    35.3135

    Nearby Similar for Sale

    • $500,000

      Versatile Commercial Property with Shop

      6,000 sq ft property suitable for various business uses.
      1222 Hardin Road, Dallas, NC 28034
      View Details
    • $399,900

      Commercial Lot in Dallas, NC

      0.65-acre commercial lot zoned I-2, approximately 19 miles from Charlotte.
      E Main Street, Dallas, NC 28120
      View Details
    • $699,999

      Land with Permitted Homesites

      20+ acre estate primed for development with pre-installed infrastructure.
      1371 Alexis High Shoals Road, Dallas, NC 28034
      View Details
    • $689,000

      Multifamily Investment Opportunity in Dallas

      Four-unit multifamily property in historic Dallas, fully occupied.
      414 E Wilkins Street, Dallas, NC 28034
      View Details
    • $29,900

      Residential Land in Dallas, NC

      Buildable residential land with potential in Dallas, North Carolina.
      W Border Street, Dallas, NC 28034
      View Details
    • $235,000

      Dallas Land with Existing Structures

      Corner lot with manufactured home, garage, well, and septic.
      343 Carr Road, Dallas, NC 28034
      View Details
    • $85,000

      Cleared Lot Near Downtown Dallas

      Cleared 0.365 acre lot near downtown Dallas, North Carolina.
      510 E Holly Street, Dallas, NC 28034
      View Details
    • $149,900

      Development Land in Dallas, NC

      Three parcels of land totaling 1.11 acres in Dallas, NC.
      Hoyle Street, Dallas, NC 28034
      View Details
    • $779,900

      Historic Mixed-Use Property in Dallas

      Prime location with commercial building and two rental homes.
      214 E Trade Street, Dallas, NC 28034
      View Details
    • $47,999

      Residential Land in Dallas, NC

      0.83 acres of land, perfect for building a home.
      Hardin Road lot: 4, Dallas, NC 28034
      View Details
    • $50,000

      Vacant Land in Dallas, NC

      0.34+/- acres of vacant land in Gaston County, NC.
      0.34+/- Acres off of North Street, Dallas, NC 28034
      View Details
    • $47,999

      Residential Land in Dallas, NC

      0.84 acre lot, perfect for building a home.
      Hardin Road lot: 5, Dallas, NC 28034
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared commercial land with utilities, near downtown Dallas.
    Where is this commercial land located?
    The property is located at 1009 Lower Dallas Hwy Dallas, NC.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: Ideal for office/land development opportunity.; Zoned C‑3 General Commercial with multiple uses by right.; Utilities available on mostly cleared site.
    (704) 651-9605 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jennifer Church
    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
    1009 Lower Dallas Hwy, Dallas, NC
    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!