Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Elon University Title is generated by Realmo AI

    813-815 E Haggard Ave, Elon, NC 27244

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

    Land with mixed-use zoning near Elon University.

    Type:Land, Mixed Use, Multifamily, Retail
    Property size:
    1,400 SF
    Price / SF:
    $321/SF
    Added:
    Mar 17, 2026
    Days on Market:
    66
    Last Refresh:
    Mar 20 at 12:03 am

    Property Features for 813-815 E Haggard Ave

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Property subtype
    Land, Mixed Use, Multifamily, Retail

    We can help!

    Listing Contact
    Jeff Deal
    Jeff Deal

    Listing agent Jeff Deal License #NC 56039

    Listing office David Massey Real Estate

    Listing date Mar 17, 2026

    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 David Massey Real Estate

    HighLights

    • GMX zoning allows for numerous commercial, residential, and institutional uses.
    • Quick walking distance to Elon University’s Francis Center and east campus.
    • Almost 200 feet of frontage on busy E. Haggard Avenue (NCDOT 2024 AADT 3,300).
    • Existing detached residence (1,400 sq. ft.+/-) can provide rental income during redevelopment.
    • 3 story maximum height allowance.
    • Close proximity to LabCorp York Court complex and Glen Raven corporate headquarters.

    Overview

    This property, located in Elon, North Carolina, is zoned GMX (General Mixed Use), which allows for a variety of commercial, residential, and institutional uses. The zoning permits a maximum building height of three stories. It is within walking distance of Elon University’s Francis Center (School of Health Sciences) and the east campus. The site includes an existing detached residence at 813 E. Haggard, offering approximately 1,400 square feet of space, which can provide rental income during redevelopment. The property is also located near the LabCorp York Court complex and Glen Raven corporate headquarters. It features almost 200 feet of frontage on E. Haggard Avenue, which has an NCDOT 2024 AADT of 3,300.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Elon
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.519804
    Latitude
    36.102254

    Nearby Similar for Sale

    • $450,000
      1,400 SF

      Elon Mixed-Use Redevelopment Opportunity

      Mixed-use property near Elon University with redevelopment potential.
      813 & 815 E Haggard Avenue, Elon, NC 27244
      View Details
    • $285,000

      Elon University Area Development Opportunity

      Prime land parcel near Elon University for redevelopment or renovation.
      805 Haggard Avenue, Elon, NC 27244
      View Details
    • $1,000,000
      19 SF

      Land for Sale in Elon

      19.66 acres at Westbrook Ave and University Drive.
      Westbrook Ave, Elon, NC 27244
      View Details
    • $285,000

      Land Near Elon University

      0.808-acre parcel near Elon University for mixed-use development.
      805 Haggard Avenue, Elon, NC 27244
      View Details
    • $285,000

      Land Near Elon University

      0.808-acre parcel near Elon University with redevelopment potential.
      805 Haggard Avenue, Elon, NC 27244
      View Details
    • $1,275,000
      9,002 SF

      Retail Space in Growing Area

      Strategically positioned retail space in a growing trade area.
      3770 Hub Mill Rd, Elon, NC 27244
      View Details
    • $1,200,000
      80,000 SF

      Development Land For Sale

      Land with potential for single-family or multifamily development.
      2729 Ossipee Front St, Elon, NC 27244
      View Details
    • $1,000,000

      Land For Sale in Elon

      Approximately 19.66 acres available near Elon University.
      Westbrook Ave, Elon, NC 27244
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with mixed-use zoning near Elon University.
    Where is this commercial land located?
    The property is located at 813-815 E Haggard Ave Elon, NC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: GMX zoning allows for numerous commercial, residential, and institutional uses.; Quick walking distance to Elon University’s Francis Center and east campus.; **Almost 200 feet of frontage on busy E. Haggard Avenue (NCDOT 2024 AADT 3,300).**
    (336) 380-0800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Deal
    Jeff Deal
    Real Estate License ID: NC 56039
    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
    813-815 E Haggard Ave, Elon, NC 27244
    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!