Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corner Lot in Prime Location Title is generated by Realmo AI

    5308 Dallas Hgh Shls Hwy, Dallas, NC 28034

    View on Map
    Claim this Listing
    For Sale
    $299,900

    0.85 acre corner lot zoned C-2 in Dallas, NC

    Lot size:
    0.85 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    59
    Last Refresh:
    May 23 at 6:50 am

    Property Features for 5308 Dallas Hgh Shls Hwy

    General Information

    Standard status
    Active
    Lot size
    0.85 Acres

    We can help!

    Listing Contact
    Natalie Armstrong
    Natalie Armstrong

    Listing agent Natalie Armstrong License #314249

    Listing office Coldwell Banker Boyd & Hassell

    Listing date Apr 1, 2026

    Source Exprealty

    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 Coldwell Banker Boyd & Hassell

    HighLights

    • Prime corner lot location off Highway 321.
    • Zoned C‑2, offering multiple development opportunities.
    • Large 0.85‑acre parcel.
    • Well and septic installed.
    • Completed Phase 1 environmental test with clean results.
    • Located within 1/2 mile of a voluntary agricultural district.

    Overview

    This 0.85-acre corner lot is located just off Highway 321 in Dallas, North Carolina, at the corner of Hardin Road and Dallas High Shoals Highway. The property is zoned C-2 and has a well and septic system installed. A completed Phase 1 test with clean results is available upon request. The parcel is located within 1/2 mile of a voluntary agricultural district, offering multiple opportunities for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.206969
    Latitude
    35.376066

    Nearby Similar for Sale

    • $500,000
      6,000 SF

      Versatile Commercial Property with Shop

      6,000 sq ft property suitable for various business uses.
      1222 Hardin Road, Dallas, NC 28034
      View Details
    • $689,000

      Multifamily Investment Opportunity in Dallas

      Four-unit multifamily property in historic Dallas, fully occupied.
      414 E Wilkins Street, Dallas, NC 28034
      View Details
    • $399,900

      Commercial Lot in Dallas, NC

      0.65-acre commercial lot zoned I-2, approximately 19 miles from Charlotte.
      E Main Street, Dallas, NC 28120
      View Details
    • $235,000
      1,500 SF

      Dallas Land with Existing Structures

      Corner lot with manufactured home, garage, well, and septic.
      343 Carr Road, Dallas, NC 28034
      View Details
    • $699,999

      Land with Permitted Homesites

      20+ acre estate primed for development with pre-installed infrastructure.
      1371 Alexis High Shoals Road, Dallas, NC 28034
      View Details
    • $29,900

      Residential Land in Dallas, NC

      Buildable residential land with potential in Dallas, North Carolina.
      W Border Street, Dallas, NC 28034
      View Details
    • $50,000

      Vacant Land in Dallas, NC

      0.34+/- acres of vacant land in Gaston County, NC.
      0.34+/- Acres off of North Street, Dallas, NC 28034
      View Details
    • $149,900

      Development Land in Dallas, NC

      Three parcels of land totaling 1.11 acres in Dallas, NC.
      Hoyle Street, Dallas, NC 28034
      View Details
    • $779,900

      Historic Mixed-Use Property in Dallas

      Prime location with commercial building and two rental homes.
      214 E Trade Street, Dallas, NC 28034
      View Details
    • $4,000,000
      11,200 SF

      Adaptable Commercial Building For Sale

      11,200 SF commercial building with open layout in Dallas, NC.
      520 E Trade St, Dallas, NC 28034
      View Details
    • $2,500,000

      Residential Land in Dallas, NC

      16.83 acres of land suitable for residential development.
      1305 Lower Dallas Highway, Dallas, NC 28034
      View Details
    • $150,000

      8.55 Acres Ready for Development

      Land annexed into Dallas, NC, ready for development.
      00 Wallace Lane, Dallas, NC 28034
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.85 acre corner lot zoned C-2 in Dallas, NC
    Where is this commercial land located?
    The property is located at 5308 Dallas Hgh Shls Hwy Dallas, NC.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Prime corner lot location off Highway 321.; Zoned C‑2, offering multiple development opportunities.; Large 0.85‑acre parcel.
    (828) 381-8275
    We can help!
    Listing Contact
    Natalie Armstrong
    Natalie Armstrong
    Real Estate License ID: 314249
    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
    5308 Dallas Hgh Shls Hwy, Dallas, NC
    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!