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    2998 Mearns Castle Dr Oak Ridge, NC

    For Lease
    Contact for pricing

    Outparcels available in mixed-use development with retail and apartments.

    Lot size:
    1.25 Acres

    Property Features for 2998 Mearns Castle Dr

    General Information

    Lot size
    1.25 Acres

    Source: NAI Piedmont Triad Agent Robbie Perkins, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Lease or Build-to-Suit

    Available are 1.25 and 1.17 acre outparcels situated in front of a 53-acre mixed-use development, suitable for land lease or build-to-suit arrangements. The location benefits from a signalized intersection and a new interstate interchange. The development includes 19,950 square feet of retail space. Adjacent to the site, 264 apartments are under construction, with plans for an additional 600 apartments located 0.5 miles to the south. Across Highway 68, 600,000 square feet of industrial space and a Sheetz are currently under construction.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.9889277
    Latitude
    36.1734694

    Nearby Similar for Lease

    • $24 SF/Yr
      1,952 SF

      Retail Space in Oak Ridge

      Retail space available in well-established shopping center.
      2205 Oak Ridge Rd, Oak Ridge, NC 27310
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space in Oak Ridge

      Retail space with excellent exposure, near Piedmont Triad Airport.
      1429 North Carolina 68, Oak Ridge, NC 27310
      View Details

    FAQs

    What type of property is this?
    Commercial land - Outparcels available in mixed-use development with retail and apartments.
    Where is this commercial land located?
    The property is located at 2998 Mearns Castle Dr Oak Ridge, NC.
    What are key features of this property?
    This property features: - Located at a signalized intersection.; - Positioned in front of a 53-acre mixed-use development.; - Benefits from a new interstate interchange.
    (336) 337-0059
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    Realmo Value Estimation

    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.

    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.

    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
    2998 Mearns Castle Dr Oak Ridge, NC
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