Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Lot in Iron Station Title is generated by Realmo AI

    5045 Amity Lane #12, Iron Station, NC 28080

    View on Map
    Claim this Listing
    For Sale
    $45,000

    1.28 acre lot in a rapidly growing community.

    Added:
    Apr 25, 2025
    Days on Market:
    406
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 5045 Amity Lane #12

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    PANNA PATEL

    Listing agent PANNA PATEL

    Listing office EPIQUE INC.

    Listing date Apr 25, 2025

    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 EPIQUE INC.

    HighLights

    • 1.28 acre lot offers ample space for a custom dream home.
    • Located in the rapidly growing community of Iron Station, NC.
    • No HOA provides freedom and flexibility.
    • Quiet street ensures privacy and peace.
    • Conveniently located minutes from shopping, dining, and major highways.
    • Ideal for building now or as a future land investment.

    Overview

    Located in Iron Station, NC, Lot 5045 Amity Lane is a 1.28-acre parcel situated in a rapidly growing community. The property is located on a quiet street and offers a setting for building a custom home. The location provides privacy and convenience, with proximity to shopping, dining, and major highways facilitating commutes to Charlotte, Denver, or Lincolnton. This lot presents an opportunity for building or land investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply HVAC Service Electrical Service Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron Station
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.1236
    Latitude
    35.4865

    Nearby Similar for Sale

    • $937,500

      Private Retreat Land with Pool

      Wooded acreage includes a fiberglass inground pool and sauna, with surveyed parcels suited for development or multi-family living.
      155 Amity Church Road, Iron Station, NC 28080
      View Details
    • $130,000

      Land in Iron Station, NC

      2.101 acres in Iron Station, NC with flexible zoning.
      3164 Andrew Link Road, Iron Station, NC 28080
      View Details
    • $1,250,000

      20 Acres in Iron Station

      Land with road frontage, ideal for estate or development.
      HWY 73, Iron Station, NC 28080
      View Details
    • $1,300,000

      52 Acres of Recreational Land

      52 acres in Iron Station, NC with development potential.
      Southmont Road, Iron Station, NC 28080
      View Details
    • $234,900

      Scenic Land in Iron Station

      Private, scenic 10-acre land near Hwy 16.
      6 Hager Mountain Lane, Iron Station, NC 28080
      View Details
    • $225,000

      Residential Land in Iron Station

      4.59 acre residential land parcel in Jerry Ross Estates.
      Jerry Ross Lane lot: 6, Iron Station, NC 28080
      View Details
    • $95,000

      Land Near Lake Norman

      1.58 acre lot near Highway 73 and Lake Norman.
      Brevard Road, Iron Station, NC 28080
      View Details
    • $25,000

      Residential Lot in Iron Station

      Building lot with trees, bring your own builder.
      27 Via Nuevo Court, Iron Station, NC 28080
      View Details
    • $25,000

      Residential Lot in Iron Station

      Residential lot with trees for privacy, no HOA.
      26 Via Nuevo Court, Iron Station, NC 28080
      View Details
    • $122,779

      2.19-Acre Wooded Lot on Highway

      Prime location between Lincolnton and Denver, easy access to Charlotte.
      NC Hwy 73, Iron Station, NC 28080
      View Details
    • $80,000

      Wooded Lot in Iron Station

      Two-acre wooded lot on a quiet dead-end road.
      Timber Road, Iron Station, NC 28080
      View Details
    • $35,000

      Homesite in Iron Station, NC

      Homesite on over an acre in a rural setting.
      Chase Drive, Iron Station, NC 28080
      View Details

    FAQs

    What type of property is this?
    Land - 1.28 acre lot in a rapidly growing community.
    Where is this land located?
    The property is located at 5045 Amity Lane #12 Iron Station, NC.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: 1.28 acre lot offers ample space for a custom dream home.; Located in the rapidly growing community of Iron Station, NC.; No HOA provides freedom and flexibility.
    We can help!
    Listing Contact
    PANNA PATEL
    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
    5045 Amity Lane #12, Iron Station, NC 28080
    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!