Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Us Highway 601 Mocksville, NC 27028

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 22-acre tract, commercial zoning, high traffic.

    Property Features for 0 Us Highway 601

    General Information

    Property type
    Multifamily properties
    Lot Size
    975,308 SF

    We can help!

    Listing Contact
    Bob Anderson
    Bob Anderson

    Listing Agent: Bob Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 22.39-acre parcel of land presents a remarkable development opportunity in Mocksville, North Carolina. Located on Highway 601, this property boasts a highly desirable commercial zoning designation within a thriving town neighborhood district. The site offers significant potential for a variety of commercial ventures, capitalizing on the robust traffic flow of approximately 21,000 vehicles per day on Highway 601. Convenient access to essential utilities, including water and sewer, is readily available, simplifying the development process. The property's location within the city limits ensures seamless integration into the existing infrastructure and community. This land is situated in a rapidly growing market, making it an attractive investment for developers seeking to capitalize on the area's expanding commercial and residential sectors. The asking price for this exceptional opportunity is $1,510,000. Don't miss this chance to acquire a prime piece of commercial real estate in a dynamic and promising location. The property is zoned for commercial use and offers a unique blend of accessibility and growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mocksville
    County
    Davie
    State
    North Carolina
    Longitude
    -80.5709654
    Latitude
    35.8942754

    Nearby Similar for Sale

    • New
      $499,000
      3.00 Acres

      Commercial Building in Mocksville

      Profitable commercial building on 3 acres with flexible zoning.
      1590 Farmington Rd, Mocksville, NC 27028
      View Details
    • New
      $250,000
      1,975 SF

      Mocksville Retail Property For Sale

      Retail property with open floor plan on busy Valley Road.
      562 Valley Rd, Mocksville, NC 27028
      View Details
    • $190,000

      Storage Unit Investment Opportunity

      Income-producing storage unit building with office in Mocksville, NC.
      149 Millwright Ct, Mocksville, NC 27028
      View Details
    • Contact for pricing

      Sherwin-Williams NNN Lease Investment

      Well-maintained retail property with corporate-backed lease in Mocksville, NC.
      1743 S 601, Mocksville, NC 27028
      View Details
    • Contact for pricing
      25,000 SF

      Historic Mill with Processing Plant

      Revitalized mill on 2.39 acres with processing equipment.
      496 E Depot St, Mocksville, NC 27028
      View Details
    • Contact for pricing
      108,960 SF

      Modern Industrial Facility with Expansion Potential

      Completed in 2022, expandable industrial facility with modern amenities.
      234 Allen Rd, Mocksville, NC 27028
      View Details
    • $499,000
      1.71 Acres

      High-Visibility Mocksville Retail Tract

      1.7 Acres, Highway Frontage, High Traffic
      819 Us Highway 64, Mocksville, NC 27028
      View Details
    • $150,000
      0.93 Acres

      Mocksville Retail Land Investment

      High-traffic commercial land, excellent visibility.
      1154 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • $499,000

      Mocksville Office Building For Sale

      Versatile Log Home, Commercial or Residential
      371 Valley Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing

      Mocksville Office Suite for Lease

      Spacious Office, Great Location, Flexible Layout
      135 Boxwood Village Dr, Mocksville, NC 27028
      View Details
    • $506,340
      4.12 Acres

      Mocksville Land: 4.12 Acres

      9 Lots, Mixed-Use Potential, High Visibility
      000 Valley Rd, Mocksville, NC 27028
      View Details
    • $1,800,000
      47.00 Acres

      Prime Davie County Land Investment

      47+ Acres Near I-40, High Visibility
      271 Koontz Rd, Mocksville, NC 27028
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime 22-acre tract, commercial zoning, high traffic.
    Where is this multifamily property located?
    The property is located at Us Highway 601 Mocksville, NC.
    What is the asking price?
    The asking price for this property is $1,510,000.
    What are key features of this property?
    This property features: 21± Acres Available for Development; Commercially Zoned, Located in a Town Neighborhood District; City Utilities and Sewer Available
    (336) 768-4410 Call to check price and availability
    Request Owner's contact information
    Us Highway 601 Mocksville, NC 27028
    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.
    Us Highway 601
    Mocksville, NC 27028
    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
    Us Highway 601 Mocksville, NC 27028
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bob Anderson
    Bob Anderson
    Real Estate License ID: 79975
    (336) 768-4410 (336) 682-5137
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!