Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    4517 Hicone Road McLeansville, NC 27301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Corner vacant lot with frontage on two roads.

    Type:Commercial/Industrial
    Lot size:
    1.52 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 5 at 8:27 pm

    Property Features for 4517 Hicone Road

    General Information

    Standard status
    Active
    Lot size
    1.52 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Sherry Harris
    Sherry Harris

    Listing agent Sherry Harris License #229024

    Listing office Top Dog Realty-NC North LLC

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Top Dog Realty-NC North LLC

    HighLights

    • 1.52 total acres including a .42 acre corner vacant lot.
    • 80ft Hicone Rd. frontage & 364 Jason Rd. frontage.
    • Close proximity to Hwy 29 and 840 loop.
    • Suitable for rezoning for business purposes (convenience store, retail, restaurants, etc.).
    • Located across from a veterinary office.
    • Close to Greensboro, Reidsville, or Danville, VA.

    Overview

    Corner Vacant Lot For Sale

    This property features a corner vacant lot of 0.42 acres, being sold with an additional 1.10-acre parcel at 5503 Jason Rd. The combined area totals 1.52 acres. Structures on the 1.10-acre parcel are considered to have no value. The property offers 80 feet of frontage on Hicone Rd. and 364 feet of frontage on Jason Rd. Situated across from a veterinary office, it benefits from close proximity to Hwy 29 and the 840 loop, providing convenient access to Greensboro, Reidsville, and Danville, VA. The property will require rezoning for business use and is suitable for a convenience store, retail space, or restaurant.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Department Store Electrical Service Computer & Electronic Repair Travel Agency Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    McLeansville
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.6873
    Latitude
    36.1531

    Nearby Similar for Sale

    • $4,011,762

      McLeansville Land For Sale

      36.142 acres in up and coming area.
      5936 Burlington Road, McLeansville, NC 27301
      View Details
    • $375,000

      McLeansville Land with Acreage

      20.88 acres in McLeansville, convenient to Greensboro and Burlington.
      5724 Frieden Church Road, McLeansville, NC 27301
      View Details
    • $160,000

      McLeansville Land Ready to Build

      Two vacant lots totaling 4.29 acres, ready for construction.
      4916 Little Store Road, McLeansville, NC 27301
      View Details
    • $432,850

      7.87 Acres in McLeansville, NC

      Land opportunity in a fast-growing area near Greensboro and Burlington.
      5329-5337 Shoffner Road, McLeansville, NC 27301
      View Details
    • $2,856,600

      Prime Location Commercial Land

      Commercial land with road frontage in fast-growing Greensboro area.
      5914 & 5926 Burlington Road, McLeansville, NC 27301
      View Details
    • $2,856,600

      McLeansville Commercial Land For Sale

      21.16 acres with road frontage near Publix distribution center.
      5914 & 5926 Burlington Road, McLeansville, NC 27301
      View Details
    • $929,000

      Land Near Publix Distribution Center

      Two parcels of land for sale near new distribution center.
      5901 & 5917 Burlington Road, McLeansville, NC 27301
      View Details
    • $929,000

      Land Near Publix Distribution Center

      Two parcels of land for sale near new distribution center.
      5901-5917 Burlington Road, McLeansville, NC 27301
      View Details
    • $460,000

      McLeansville Land with Pond

      11.5 acres with pond, water, and sewer access.
      5710 Forbes Tate Road, McLeansville, NC 27301
      View Details
    • $585,000

      Prime Commercial Land I-40/I-85

      1.57 acre commercial land tract with high visibility.
      905 Knox Rd, McLeansville, NC 27301
      View Details
    • $2,856,600
      1,700 SF

      Burlington Road Land For Sale

      Prime land with road frontage in fast-growing Greensboro area.
      5914 & 5926 Burlington Road, McLeansville, NC 27301
      View Details
    • $375,000

      McLeansville Land for Residential Use

      20.88 acres of open and wooded land near Greensboro.
      5724 Frieden Church Road, McLeansville, NC 27301
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner vacant lot with frontage on two roads.
    Where is this commercial land located?
    The property is located at 4517 Hicone Road McLeansville, 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: 1.52 total acres including a .42 acre corner vacant lot.; **80ft Hicone Rd. frontage & 364 Jason Rd. frontage.**; Close proximity to Hwy 29 and 840 loop.
    (336) 791-3320
    We can help!
    Listing Contact
    Sherry Harris
    Sherry Harris
    Real Estate License ID: 229024
    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
    4517 Hicone Road, McLeansville, NC 27301
    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!