Sign Up Successful!
You now have access to more from Realmo!
    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

    74 Old Hwy Chadbourn, NC

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Available land suitable for commercial development and multifamily housing.

    Lot size:
    16.33 Acres

    Property Features for 74 Old Hwy

    General Information

    Lot size
    16.33 Acres

    We can help!

    Listing Contact
    Scott Hadley
    Scott Hadley
    Source: Moodyscre

    Listing Agent: Scott Hadley

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

    Learn more

    Overview

    Prime Land for Commercial Development

    Available are Sites 1 & 2, encompassing approximately 8.76 acres, and Site 3, consisting of approximately 7.19 acres and 9.44 acres. These sites are equipped with water and sewer services. The location is suitable for providing fuel, convenience items, food, and services to Myrtle Beach vacation traffic. The site located behind Food Lion is suitable for apartments or multifamily housing. The site adjacent to Food Lion will have road frontage on Hwy. 410 upon completion of the proposed NCDOT traffic circle. The large site of approximately 8.76 acres, fronting Hwy. 130 and Hwy. 410, is suitable for a travel plaza operation offering fuel, a convenience store, food, and a possible car wash. This large site can accommodate cars, cars towing boats or campers, RVs, and trucks, with multiple ingress and egress points. These locations can capture vacation traffic to the coast and daily commercial traffic. The sites are currently zoned AG.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chadbourn
    County
    Columbus
    State
    North Carolina
    Longitude
    -78.8269664
    Latitude
    34.3221129

    Nearby Similar for Sale

    • $30,000
      0.37 Acres

      Commercial Land with Redevelopment Potential

      0.37 acres with redevelopment potential in Chadbourn, North Carolina.
      5524 Old Hwy 74 U.S, Chadbourn, NC 28431
      View Details
    • Contact for pricing
      7,342 SF

      Grain Elevator with 457,000 Bushels

      Grain elevator with significant storage capacity in Columbus County, NC.
      612 South Brown St, Chadbourn, NC 28431
      View Details
    • Contact for pricing
      7,342 SF

      Grain Elevator with 457,000 Bushels

      Grain elevator with storage, office, warehouse, and rail access.
      612 South Brown St, Chadbourn, NC 28431
      View Details
    • $1,176,000
      9,000 SF

      Auto Shop Business Opportunity

      Auto shop for sale with real estate included.
      5700 Chadbourn Hwy, Chadbourn, NC 28431
      View Details
    • $75,000
      6,800 SF

      Prime Chadbourn Commercial Property

      6,800 sq ft building on 0.25 acres
      211 Brown St, Chadbourn, NC 28431
      View Details
    • $2,250,000
      3.09 Acres

      Chadbourn Auto Shop - Owner/User

      Established Auto Shop, High Traffic Area
      5700 Chadbourn Hwy, Chadbourn, NC 28431
      View Details

    FAQs

    What type of property is this?
    Land - Available land suitable for commercial development and multifamily housing.
    Where is this land located?
    The property is located at 74 Old Hwy Chadbourn, NC.
    What are key features of this property?
    This property features: - High-traffic location on Hwy 130 and Hwy 410 ideal for capturing Myrtle Beach vacation and commercial traffic.; - Large ±8.76 acre site suitable for a travel plaza with ample space for cars, RVs, and trucks.; - Water and sewer connections available on all sites.
    (919) 576-2504
    Request Owner's contact information
    74 Old Hwy Chadbourn, NC
    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.
    74 Old Hwy
    Chadbourn, NC
    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
    74 Old Hwy Chadbourn, NC
    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

    We can help!
    Listing Contact
    Scott Hadley
    Scott Hadley
    Real Estate License ID: 102540
    (919) 576-2504
    Learn more
    Google sign-in failed. Please try again or use another login method.