Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Monroe Expressway Title is generated by Realmo AI

    3024 Unionville Indian Trail Rd W, Indian Trail, NC

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

    Land with electric and water near the Monroe Expressway.

    Type:LAND
    Lot size:
    1.65 Acres
    Added:
    Sep 23, 2020
    Days on Market:
    2062
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 3024 Unionville Indian Trail Rd W

    General Information

    Standard status
    Active
    Lot size
    1.65 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jesse Perry
    Jesse Perry

    Listing agent Jesse Perry License #151915

    Listing office Walt Perry Realty

    Listing date Sep 23, 2020

    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 Walt Perry Realty

    HighLights

    • Proximity to the Monroe Expressway.
    • Electric service (Union Power) is already on site.
    • Public water (Union County) is already on site.
    • Intent to rezone.
    • Natural gas service available via request from Piedmont Natural Gas.
    • Sewer service available via request from Union County.

    Overview

    This property is located near the Monroe Expressway. Electric service is provided by Union Power, and public water is provided by Union County, both of which are on site. Natural gas and sewer services would need to be requested from Piedmont Natural Gas and Union County, respectively. The parcel ID is 07024012A, and there is an intent to rezone the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Pharmacy Department Store Kitchen & Bath Showroom Food Market Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.608
    Latitude
    35.0787

    Nearby Similar for Sale

    • $315,000

      Corner Lot in Indian Trail

      2.1 acre corner lot near shops and major highways.
      Faith Church Road, Indian Trail, NC 28079
      View Details
    • $799,000

      Indian Trail Commercial Opportunity

      0.76-acre lot in front of Food Lion.
      4324 Old Monroe Road, Indian Trail, NC 28079
      View Details
    • $899,999

      Expansive Land Parcel in Indian Trail

      Nearly 18 acres of flat, usable land in Indian Trail.
      8008 W Duncan Road, Indian Trail, NC 28079
      View Details
    • $350,000

      Land in Anniston Grove

      Buildable lot in desirable Anniston Grove community.
      1412 Tarrington Way, Indian Trail, NC 28079
      View Details
    • $120,000

      Indian Trail Land For Sale

      1.07-acre lot in Indian Trail, ready for your dream home.
      2127 Cull Williams Lane, Indian Trail, NC 28079
      View Details
    • $150,000

      Spacious Land in Frontier Circle

      2.02 acres in Indian Trail, build your dream home.
      01 Frontier Circle, Indian Trail, NC 28079
      View Details
    • $80,000

      Ideal Homesite in Indian Trail

      A 0.24-acre lot in a desirable, convenient location.
      2510 Younts Road, Indian Trail, NC 28079
      View Details
    • $700,000

      Prime Land Opportunity, Indian Trail

      Corner lot with high visibility and multiple development possibilities.
      1111 Waxhaw indian trail Road, Indian Trail, NC 28079
      View Details
    • $1,200,000

      Prime Commercial Land Opportunity

      3+ acre commercial land in high-growth Indian Trail, NC.
      Gribble Road, Indian Trail, NC 28079
      View Details
    • $1,999,999

      Farm Land in Indian Trail

      71+/- acre farm land with pasture, woods, and creek.
      315 Brief Road W, Indian Trail, NC 28079
      View Details
    • $1,200,000

      Prime Commercial Land in Indian Trail

      3+ acre commercial land near US-74 and I-485.
      Gribble Road, Indian Trail, NC 28079
      View Details
    • $1,200,000

      Prime Commercial Land Opportunity

      Expansive commercial land in a high-growth area with excellent accessibility.
      00 Gribble Road, Indian Trail, NC 28079
      View Details

    FAQs

    What type of property is this?
    Land - Land with electric and water near the Monroe Expressway.
    Where is this land located?
    The property is located at 3024 Unionville Indian Trail Rd W Indian Trail, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Proximity to the Monroe Expressway.; Electric service (Union Power) is already on site.; Public water (Union County) is already on site.
    (704) 283-8181 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jesse Perry
    Jesse Perry
    Real Estate License ID: 151915
    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
    3024 Unionville Indian Trail Rd W, Indian Trail, 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!