Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kings Mountain Land Development Opportunity Title is generated by Realmo AI

    638 Margrace Road, Kings Mountain, NC 28086

    View on Map
    Claim this Listing
    New
    For Sale
    $950,000

    LAND - Kings Mountain, NC

    Lot size:
    4.72 Acres
    Added:
    May 29, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 7:06 am

    Property Features for 638 Margrace Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    55940
    Lot size
    4.72 Acres

    Taxes and HOA fees

    Tax Description
    #3 PB24-25 MINOR S/D RUTH M HOYLE

    We can help!

    Listing Contact
    Jessie Keller

    Listing agent Jessie Keller

    Listing office Aviator Realty 8909 Herbert Ln., Charlotte, NC

    Listing date May 29, 2026

    MLS# 4387411 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located approximately one mile from the new Two Kings Casino.
    • 4.72‑acre property consisting of four separate deeded parcels.
    • Prime development and investment opportunity.
    • Endless potential for residential development or custom home builds.
    • Located in a rapidly growing area.
    • Highly sought‑after corridor with strong future upside.

    Overview

    This 4.72-acre property in Kings Mountain, North Carolina, presents a development and investment opportunity. The land consists of four separate deeded parcels, each approximately 1.18 acres. The property offers potential for residential development, custom home builds, or future investment. The property is located approximately one mile from the new Two Kings Casino, positioning it in an area experiencing growth and development. The land has a layout that allows for multiple uses.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy Department Store Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kings Mountain
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.383156
    Latitude
    35.213115

    Nearby Similar for Sale

    • $385,000
      2,100 SF

      Kings Mountain Commercial Property For Sale

      Highly visible commercial property suitable for medical, professional, or service-oriented businesses.
      810 W King Street, Kings Mountain, NC 28086
      View Details
    • $199,999

      Kings Mountain Land Opportunity

      Prime commercial land in growing Kings Mountain corridor.
      2166 Vestibule church, Kings Mountain, NC 28086
      View Details
    • $1,000,000

      Kings Mountain Industrial Property For Sale

      Versatile industrial property near I-85 and HWY 74 Business.
      508 Canterbury Road, Kings Mountain, NC 28086
      View Details
    • $75,000

      Kings Mountain Land For Sale

      Almost 4 acres of residential land in Kings Mountain, NC.
      Stony Point Road, Kings Mountain, NC 28086
      View Details
    • $210,000

      Kings Mountain Land For Sale

      6.25-acre land near Catawba Two Kings Casino.
      706 Bad Horse Trail, Kings Mountain, NC 28086
      View Details
    • $699,000

      Commercial Land Near Kings Mountain

      Corner lot near I-85 and future restaurant/distillery.
      1003 York Road, Kings Mountain, NC 28086
      View Details
    • $580,000
      37,800 SF

      Secluded Kings Mountain Acreage

      53.18 acres of secluded land near I-85.
      211+212 FARRIS Road, Kings Mountain, NC 28086
      View Details
    • $659,000

      Commercial Land Near I-85 Exit

      1.3 acre commercial lot with city utilities near I-85.
      710 YORK Road, Kings Mountain, NC 28086
      View Details
    • $250,000

      Private Wooded Acreage For Sale

      10.8 acre wooded lot ready for your dream home.
      County Line Road, Kings Mountain, NC 28086
      View Details
    • $185,000

      Kings Mountain Buildable Homesite

      3. 85-acre homesite with mountain views and privacy.
      477 Alex D Owens Drive, Kings Mountain, NC 28086
      View Details
    • $150,000
      2,040 SF

      Versatile Commercial Property with Potential

      2,040 sq. ft. heated building with expansion potential.
      709 Cleveland Avenue, Kings Mountain, NC 28073
      View Details
    • $368,500

      Turnkey Duplex Investment Opportunity

      Two remodeled homes on 1.36 acres near Crowders Mountain.
      624 Brevard Street, Kings Mountain, NC 28086
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.72 acres near Two Kings Casino, Kings Mountain, NC.
    Where is this residential land & home lot located?
    The property is located at 638 Margrace Road Kings Mountain, NC.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Located approximately one mile from the new Two Kings Casino.; 4.72‑acre property consisting of four separate deeded parcels.; Prime development and investment opportunity.
    (980) 229-0723
    We can help!
    Listing Contact
    Jessie Keller
    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
    638 Margrace Road, Kings Mountain, NC 28086
    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!