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    Highway 49 Development Opportunity Title is generated by Realmo AI

    6401 Nc Hwy 49 N, Mount Pleasant, NC 28124

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    Picture of Commercial land at 6401 Nc Hwy 49 N, Mount Pleasant, NC
    For Sale
    $9,250,000

    LAND - Mount Pleasant, NC

    Lot size:
    67.89 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    45
    Last Refresh:
    May 18 at 12:06 pm

    Property Features for 6401 Nc Hwy 49 N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CR
    Standard status
    Active
    APN
    5660-13-1878-0000
    Lot size
    67.89 Acres

    Taxes and HOA fees

    Tax Description
    NORTH SIDE NC HWY 49 61.48AC

    We can help!

    Listing Contact
    Brian Gilmore

    Listing agent Brian Gilmore License #246413

    Listing office G2 Real Estate PO Box 22, Mount Pleasant, NC

    Listing date Apr 4, 2026

    MLS# 4365472 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

    • 67+ acre property in rapidly growing Cabarrus County
    • Zoned CR (Countryside Residential) and outside city limits, great for future development
    • Designated Employment Center in Mt. Pleasant's 2025 Future Land Use Map, supporting light industrial
    • Over 2,400 feet of road frontage on Highway 49 N with high traffic counts (12,000+ vehicles per day)
    • Excellent visibility and access due to highway frontage
    • Potential for sewer service through voluntary annexation into Mt. Pleasant

    Overview

    This prime opportunity consists of over 67 acres spanning three parcels on Highway 49 N, situated in a rapidly growing corridor of Cabarrus County. Zoned CR (Countryside Residential) and located outside city limits, the property is well-positioned for future development. The Town of Mt. Pleasant's updated 2025 Future Land Use Map designates the property as Employment Center, a classification intended to support existing industry as well as future light industrial development and major employers. For buyers interested in sewer service, voluntary annexation into the Town of Mt. Pleasant would be required for sewer allocation consideration. As residential growth has consumed much of the town's current sewer capacity, non-residential development is being prioritized. The site features over 2,400 feet of road frontage along Highway 49 N and traffic counts exceeding 12,000 vehicles per day, offering excellent visibility and access. A proposed sewer line extension is planned to cross through the property. Water is located nearby on Walker Road near Mt. Pleasant High School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Shopping Center & Mall Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.4740106
    Latitude
    35.4002017

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    FAQs

    What type of property is this?
    Commercial land - 67+ acres in growing Cabarrus County corridor.
    Where is this commercial land located?
    The property is located at 6401 Nc Hwy 49 N Mount Pleasant, NC.
    What is the asking price?
    The asking price for this property is $9,250,000.
    What are key features of this property?
    This property features: 67+ acre property in rapidly growing Cabarrus County; Zoned CR (Countryside Residential) and outside city limits, great for future development; Designated Employment Center in Mt. Pleasant's 2025 Future Land Use Map, supporting light industrial
    (980) 521-3013
    We can help!
    Listing Contact
    Brian Gilmore
    Real Estate License ID: 246413
    Learn More
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    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
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