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

    53 2Nd Ave N Taylorsville, NC 28681

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    1.88 acres with historic 3-story roller mill building.

    Property Features for 53 2Nd Ave N

    General Information

    Standard status
    Active

    Building Details

    Year built
    1902

    We can help!

    Listing Contact
    Tabitha Goforth
    Tabitha Goforth
    Source: Corcoran

    Listing Agency: EXP REALTY Listing Agent: Tabitha Goforth

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

    Learn more

    Overview

    Historic Roller Mill on 1.88 Acres

    This commercial real estate opportunity features 1.88 acres of land. The property includes a 3-story building, originally constructed as a roller mill in 1905. The building is listed on the National Register of Historic Places. The property offers a blend of historical significance and functional versatility, suitable for investors or entrepreneurs seeking a distinctive space. The property is ideal for various business ventures or creative projects.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylorsville
    County
    Alexander
    State
    North Carolina
    Longitude
    -81.1727459
    Latitude
    35.9245175

    Nearby Similar for Sale

    • $450,000
      0.45 Acres

      Former Fire Station Business Space

      Unique commercial property with flexible layout and oversized roll-up doors.
      235 Teague Town Rd, Taylorsville, NC 28681
      View Details
    • $274,900
      1,680 SF

      Freestanding Office Building in Taylorsville

      Well-maintained office building with potential for future growth.
      138 Old Wilkesboro Road Ext, Taylorsville, NC 28681
      View Details
    • $800,000

      Taylorsville Industrial Warehouse For Sale

      98,832 SF industrial warehouse on 7.49 acres.
      486 S Center St, Taylorsville, NC 28681
      View Details
    • Contact for pricing

      Taylorsville Medical Office Opportunity

      Renovated 3,100 SF medical office on 0.52 acres.
      60 2Nd Ave SW, Taylorsville, NC 28681
      View Details
    • Contact for pricing

      Retail Investment Opportunity in Taylorsville

      Retail space with three fully leased units and ample parking.
      401 E Main Ave, Taylorsville, NC 28681
      View Details
    • $425,000
      1,517 SF

      Taylorsville Office Building - Hwy 16

      Prime Taylorsville Office Space, High Visibility
      545 Nc 16 Hwy, Taylorsville, NC 28681
      View Details
    • $310,000
      1.47 Acres

      Taylorsville Commercial Land Investment

      High-traffic location, development potential.
      9b Main Ave, Taylorsville, NC 28681
      View Details
    • $425,000
      2.39 Acres

      Historic Taylorsville Commercial Gem

      2.39 Acres, Historic Mill & Block Building
      53 2Nd Ave, Taylorsville, NC 28681
      View Details
    • $165,000
      0.77 Acres

      Taylorsville Commercial Land Investment

      High-traffic location, development opportunity. Zoned B-2.
      9b Main Ave, Taylorsville, NC 28681
      View Details
    • $279,900
      1.50 Acres

      Taylorsville Car Wash Business

      High-Income Potential, 1.5 Acres
      90 Buffett Blvd, Taylorsville, NC 28681
      View Details
    • $724,900
      33.00 Acres

      High-Traffic Taylorsville Commercial Land

      33 Acres, Endless Development Potential
      Hwy 16 Hwy, Taylorsville, NC 28681
      View Details
    • $145,000
      0.70 Acres

      Taylorsville Commercial Lot - High Traffic!

      Prime Taylorsville location, high traffic, development potential.
      9c Main Ave, Taylorsville, NC 28681
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.88 acres with historic 3-story roller mill building.
    Where is this commercial land located?
    The property is located at 53 2Nd Ave N Taylorsville, NC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - 1.88-acre commercial property offering significant space and potential.; - **Historic 3-story building listed on the National Register of Historic Places.**; - Unique architectural gem originally constructed as a roller mill.
    (828) 381-4127
    Request Owner's contact information
    53 2Nd Ave N Taylorsville, NC 28681
    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.
    53 2Nd Ave N
    Taylorsville, NC 28681
    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
    53 2Nd Ave N Taylorsville, NC 28681
    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
    Tabitha Goforth
    Tabitha Goforth
    Real Estate License ID: 297365
    (828) 381-4127 (888) 584-9431 (828) 304-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!