Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2001 Us-29 China Grove, NC 28023

    Sponsored
    For Sale
    $1,800,000

    1.53 Acres, Hwy 29 Corner Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    Exceptional 1.53-acre commercial land opportunity in China Grove, NC, situated on a level corner lot at 2001 US-29. This property boasts convenient access from both US Highway 29 and Bostian Road, placing it within two miles of Interstate 85 via the new Beatty Ford Road interchange. The land is designated as Highway Business (HB) zoned and located in an Opportunity Zone. Utilities including water, sewer, and natural gas are readily available. The property comprises two parcels (129024 and 129145); note that parcel 129145 requires rezoning for commercial use. Existing structures are conveyed at no value. Two septic systems and two wells are currently on the site. Additional acreage (parcel 129043) is available for purchase and can be combined with the existing parcels; however, this additional parcel may also require rezoning depending on the intended use. Asking price is $1,800,000. Serious inquiries only; please schedule an appointment before visiting the property.

    Property Features for 2001 Us-29

    General Information

    Property type
    Land
    Lot Size
    66,647 SF

    We can help!

    Listing Contact
    Jayne Helms
    Jayne Helms

    Learn more

    HighLights

    • $1,800,000 asking price.
    • 1.53‑acre commercial land parcel in China Grove, NC.
    • Highway Business (HB) zoning.
    • Located on a level corner lot with access from US‑29 and Bostian Rd, near I‑85.
    • Situated in an Opportunity Zone.
    • Utilities available (water, sewer, natural gas).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    China Grove
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5896035
    Latitude
    35.5481989

    Nearby Comparable

    • $1,200,000
      12.02 Acres

      Commercial Land in Opportunity Zone

      12.02+/- acres for potential commercial development near I-85.
      925 Bostian Rd, China Grove, NC 28023
      View Details
    • $1,500,000
      10.83 Acres

      China Grove Land: 10 Acres+

      Prime Commercial Development Land in Opportunity Zone
      965 Bostian Rd, China Grove, NC 28023
      View Details
    • Contact for pricing
      Pending

      Land in China Grove Auction

      Land for sale by online auction in Rowan County, NC.
      N Chapel St, China Grove, NC 28023
      View Details
    • $39,000

      Land Parcel in China Grove

      Land parcel outside China Grove town limits, Rowan County taxes.
      Pine Ridge Rd, China Grove, NC 28023
      View Details
    • $10,000,000
      100,000 SF

      China Grove Warehouse For Sale

      100,000 square foot warehouse in China Grove, North Carolina.
      308 E Thom St, China Grove, NC 28023
      View Details
    • $799,000
      0.88 Acres

      Landis, NC Commercial & Residential Duo

      Dual Income Property: Live, Work, & Rent!
      814 Mills Dr, Landis, NC 28088
      View Details
    • $699,000
      0.88 Acres

      Landis, NC Commercial Opportunity

      Commercial property with business, residence, and rental income potential.
      814 E Mills Dr, Landis, NC 28088
      View Details

    Nearby Similar for Sale

    • $525,000
      0.67 Acres

      Remodeled Home Near Downtown

      Remodeled 5-bedroom home on a generous lot near downtown.
      1675 N Main St, China Grove, NC 28023
      View Details
    • $899,999

      China Grove Office Building For Sale

      Versatile office property with 12 private offices in China Grove.
      301 E Centerview St, China Grove, NC 28023
      View Details
    • $3,700,000
      19,576 SF

      Former Medical Office Building

      Attractive, updated medical office building with ample parking on 3.18 acres.
      308 E Centerview St, China Grove, NC 28023
      View Details
    • $10,000,000
      100,000 SF

      China Grove Warehouse For Sale

      100,000 square foot warehouse in China Grove, North Carolina.
      308 E Thom St, China Grove, NC 28023
      View Details
    • $5,000,000
      19,576 SF

      Prime Medical Office Building in China Grove, NC

      19,576 SF Medical Office, $5M
      308 Centerview St, China Grove, NC 28023
      View Details

    FAQs

    What type of property is this?
    Land - 1.53 Acres, Hwy 29 Corner Lot
    Where is this land located?
    The property is located at 2001 Us-29 China Grove, NC.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; 1.53-acre commercial land parcel in China Grove, NC.; Highway Business (HB) zoning.
    Request Owner's contact information
    2001 Us-29 China Grove, NC 28023
    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.
    2001 Us-29
    China Grove, NC 28023
    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
    2001 Us-29 China Grove, NC 28023
    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!
    Listing Contact
    Jayne Helms
    Jayne Helms
    Real Estate License ID: NC 217044
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.