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
    The Largest CRE Database in the US with Over 1 Million Listings

    Secrest Short Cut Rd And Scott Long Rd Indian Trail, NC 28079

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

    22.45 Acres, $6.3M, Union County, NC

    Property Features for 0 Secrest Short Cut Rd And Scott Long Rd

    General Information

    Property type
    Land
    Lot Size
    977,922 SF

    We can help!

    Listing Contact
    Jesse Perry
    Jesse Perry

    Listing Agency: Walt Perry Realty Listing Agent: Jesse Perry

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

    Learn more

    Overview

    This exceptional 22.45-acre commercial land parcel presents a significant investment opportunity in the thriving Indian Trail, North Carolina market. Located at the intersection of Secrest Short Cut Road and Scott Long Road, this property boasts a highly desirable location within Union County, zip code 28079. The land is zoned SF-3, a Single-family District designed for moderate-intensity residential uses, typically including single-family dwellings under conventional or planned development controls. This zoning allows for a variety of development possibilities, catering to the growing demand for residential properties in the area. The property is serviced by public water and sewer, providing essential infrastructure for any development project. The extensive acreage offers ample space for a large-scale development, potentially including multiple residential units or a mixed-use project. The property's strategic location offers easy access to major roadways and amenities, making it an attractive option for both developers and investors. The APN numbers associated with this property are 07024003
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.6172036
    Latitude
    35.0801469

    Nearby Similar for Sale

    • $1,999,999
      71.38 Acres

      Farm Land in Indian Trail

      71+/- acre farm land with pasture, woods, and creek.
      315 Brief Rd W, Indian Trail, NC 28079
      View Details
    • $1,250,000

      Profitable Indian Trail Pub

      Established Restaurant, High Revenue
      0 Must Sign Non Disclosure To See The Address, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      102,360 SF

      Union Town Center: Retail Opportunity

      Indian Trail, NC Retail Center - High Visibility
      5850 Highway 74, Indian Trail, NC 28079
      View Details
    • $2,700,000

      Prime Indian Trail Mixed-Use Property

      9-Acre Commercial Land, High Visibility
      2119 Younts Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Industrial Property with Truck Court

      9,143 SF industrial building on 1.7 acres for sale.
      105 Corporate Blvd, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      2,496 SF

      Fully Occupied Office Building

      Masonry construction office building with excellent visibility and high traffic.
      204 Gribble Rd, Indian Trail, NC 28079
      View Details

    FAQs

    What type of property is this?
    Land - 22.45 Acres, $6.3M, Union County, NC
    Where is this land located?
    The property is located at Secrest Short Cut Rd And Scott Long Rd Indian Trail, NC.
    What is the asking price?
    The asking price for this property is $6,300,000.
    What are key features of this property?
    This property features: 22.45-acre commercial land parcel in Indian Trail, NC.; Located at Secrest Short Cut Rd and Scott Long Rd, Union County, zip code 28079.; SF-3 zoning allows for various residential developments.
    (704) 283-8181 Call to check price and availability
    Request Owner's contact information
    Secrest Short Cut Rd And Scott Long Rd Indian Trail, NC 28079
    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.
    Secrest Short Cut Rd And Scott Long Rd
    Indian Trail, NC 28079
    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
    Secrest Short Cut Rd And Scott Long Rd Indian Trail, NC 28079
    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 Jesse Perry
    Jesse Perry
    Real Estate License ID: 151915
    (704) 283-8181
    Learn more
    Google sign-in failed. Please try again or use another login method.