Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway Business Zoned Corner Lot Title is generated by Realmo AI

    2001 US-29, China Grove, NC 28023

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

    1.53 acre corner lot with highway access and utilities.

    Type:Land
    Lot size:
    1.53 Acres
    Added:
    Nov 2, 2022
    Days on Market:
    1298
    Last Refresh:
    May 19 at 8:48 pm

    Property Features for 2001 US-29

    General Information

    Standard status
    Active
    Lot size
    1.53 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jayne Helms

    Listing agent Jayne Helms License #NC 217044

    Listing office RE/MAX Leading Edge

    Listing date Nov 2, 2022

    Source Crexi

    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 RE/MAX Leading Edge

    HighLights

    • Highway Business zoning on a 1.53‑acre level corner lot with access from Hwy 29 and Bostian Rd.
    • Located within 2 miles of Interstate 85 via the Beatty Ford Rd interchange.
    • Opportunity Zone location.
    • Water, sewer, and natural gas are available.
    • Consists of two parcels (129024 and 129145).
    • Additional acreage from parcel 129043 is available for sale and can be combined.

    Overview

    This 1.53-acre corner lot is zoned for Highway Business and offers access from both Highway 29 and Bostian Road. It is situated within 2 miles of Interstate 85 via the Beatty Ford Road interchange and is located in an Opportunity Zone. Water, sewer, and natural gas are available. The property currently has two septic systems and two wells. The property consists of two parcels, identified as parcel numbers 129024 and 129145. Parcel 129145 will require rezoning for commercial use. An additional acreage from parcel number 129043 is available for sale and can be combined with these two parcels. Parcel 129043 may also need to be rezoned, depending on its intended use. Buildings on the property are being conveyed at no value.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    China Grove
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.6086
    Latitude
    35.5831

    Nearby Similar for Sale

    • $700,000

      China Grove Land Opportunity

      10+ acre tract near I-85 with development potential.
      Bud Lane, China Grove, NC 28023
      View Details
    • $55,000

      Residential Lot in China Grove

      Undeveloped lot ready for single-family home in China Grove, NC.
      Azalea Lane, China Grove, NC 28023
      View Details
    • $249,500

      6.25 Acres Wooded Land

      6.25-acre wooded property near I-85, ideal for commuters.
      Ketchie Estate Road, China Grove, NC 28023
      View Details
    • $650,000

      Restaurant and Ice Cream Shop

      Established restaurant and ice cream shop across from middle school.
      1008 N Main Street, China Grove, NC 28023
      View Details
    • $319,000

      3-Acre Land with Structures

      Cleared, level land with house and garages in China Grove.
      2865 Lentz Road, China Grove, NC 28023
      View Details
    • $45,000

      Residential Lot in China Grove

      0.69-acre building lot with convenient access to amenities.
      Power Street, China Grove, NC 28023
      View Details
    • $169,000

      Residential Lot in Wellington Estates

      Cleared 0.95-acre lot ready for a custom home.
      1103 Hastings Court, China Grove, NC 28023
      View Details
    • $5,000,000

      Commercial Land Near I-85

      8.97 acres near I-85 and Exit 65 interchange.
      1315 China Grove Road, China Grove, NC 28023
      View Details
    • $219,000

      Undeveloped Land in China Grove

      8.17 acres of RA-zoned land near I-85 corridor.
      State Road, China Grove, NC 28023
      View Details
    • $1,200,000

      Versatile Rowan County Land Tract

      35+ acres in China Grove, NC, suitable for development.
      Meadow Lane, China Grove, NC 28023
      View Details
    • $36,000

      Residential Land in China Grove

      0.75-acre lot suitable for residential use in Rowan County.
      235 Madison Road, China Grove, NC 28023
      View Details
    • $179,600

      China Grove Development Opportunity

      4.49 acres of Mixed Residential land in China Grove.
      Shue Road, China Grove, NC 28023
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.53 acre corner lot with highway access and utilities.
    Where is this commercial land located?
    The property is located at 2001 US-29 China Grove, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Highway Business zoning on a 1.53‑acre level corner lot with access from Hwy 29 and Bostian Rd.; Located within 2 miles of Interstate 85 via the Beatty Ford Rd interchange.; Opportunity Zone location.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jayne Helms
    Real Estate License ID: NC 217044
    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
    2001 US-29, China Grove, NC 28023
    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!