Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    973 NC 16 Bus Hwy Denver, NC

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

    0.87 acre land parcel in high growth Lake Norman.

    Type:LAND
    Lot size:
    0.87 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    366
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 973 NC 16 Bus Hwy

    General Information

    Standard status
    Active
    Lot size
    0.87 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Stewart Hasty
    Stewart Hasty

    Listing agent Stewart Hasty License ##279321

    Listing office Piedmont Properties

    Listing date Apr 16, 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 Piedmont Properties

    Overview

    Denver Land Parcel For Sale

    This property features approximately 0.87 acres of land zoned ELDD B-N. Improvements include an approximately 900 square foot single-family home and an approximately 400 square foot car shed. The property is located in a high growth area of Lake Norman, situated between I-40 and I-85. The adjacent approximately 2.48 acres are also listed for sale under the same broker.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Denver
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.0296
    Latitude
    35.5317

    Nearby Similar for Sale

    • $90,000

      Residential Land in Denver, NC

      1.01 acre parcel zoned R-T in Lincoln County.
      5548 King Wilkinson Road, Denver, NC 28037
      View Details
    • $112,000

      Spacious Homesite in Maple Leaf

      1.12-acre homesite in Denver's Maple Leaf subdivision.
      Maple Brook Drive, Denver, NC 28037
      View Details
    • $135,000

      Water View Corner Lot

      Level, wooded lot with water views and private boat ramp.
      Pine Harbor Drive, Denver, NC 28037
      View Details
    • $749,000

      Commercial Land in Denver, NC

      3.9 acres of commercial land with utilities available.
      7958 Unity Church Road, Denver, NC 28037
      View Details
    • $155,000

      Cleared Commercial Lot Ready to Build

      Cleared 0.97 acre commercial lot with utilities ready.
      4729 Mountain Creek Avenue, Denver, NC 28037
      View Details
    • $525,000

      Highway 16 Business Opportunity

      Commercial lot with potential office space in Denver, NC.
      2744 N NC 16 Business Highway, Denver, NC 28037
      View Details
    • $185,000

      Cleared Commercial Lot Ready

      1.39 acre commercial lot with utilities in Denver, NC.
      4733 Mountain Creek Avenue, Denver, NC 28037
      View Details
    • $1,570,000

      Waterfront Land with Dock

      Magnificent waterfront land with dock, ready for lake living.
      7176 Lynbrook Creek Road, Denver, NC 28037
      View Details
    • $134,900

      Level Lot in Denver, NC

      1.68 acre lot with perk test completed for 3-bedroom home.
      King Wilkinson Road, Denver, NC 28037
      View Details
    • $2,750,000

      Lake Norman Waterfront Development Opportunity

      Rare 3.5-acre waterfront land with development potential on Lake Norman.
      4677 Stratford Lane, Denver, NC 28037
      View Details
    • $195,750

      Ready-to-Build Lot in Denver, NC

      2+ acre corner lot ready for custom home or development.
      Unity Church Road, Denver, NC 28037
      View Details
    • $175,000

      Denver, NC Wooded Lot

      1.75 acre wooded lot in gated Pebble Bay neighborhood.
      7300 Bay Cove Court, Denver, NC 28037
      View Details

    FAQs

    What type of property is this?
    Land - 0.87 acre land parcel in high growth Lake Norman.
    Where is this land located?
    The property is located at 973 NC 16 Bus Hwy Denver, 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: Located in a high‑growth area of Lake Norman; Large lot size: ±0.87 acres; Zoned ELDD B‑N
    (704) 560-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stewart Hasty
    Stewart Hasty
    Real Estate License ID: #279321
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!