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    5450 Millstream Rd McLeansville, NC 27301

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    For Sale
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    11-Acre Commercial Land, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 11-acre commercial land parcel presents a unique development opportunity in McLeansville, North Carolina. Situated at 5450 Millstream Road, the property enjoys convenient access to Interstates 40 and 85, providing seamless connectivity to Greensboro, Burlington, and the broader Triad region. Zoned BP, this site is ideally positioned for a variety of commercial uses. A conceptual study has already been completed for a 97-unit apartment complex, including a leasing office and amenities, showcasing the site's potential. The location offers significant advantages, including proximity to major employment hubs and educational institutions. It's a mere 15-minute drive from downtown Greensboro and a 25-minute commute to Piedmont Triad International Airport. Furthermore, the property benefits from its strategic proximity to the new Toyota Plant (approximately 20 minutes away) and the Greensboro-Randolph Industrial Megasite (under 30 minutes away), making it an attractive investment for developers seeking access to a robust and growing regional economy. The property's location also allows for easy access to Winston-Salem and the Triangle area, expanding its market reach and potential. This 11-acre site in Guilford County, NC (zip code 27301) offers unparalleled potential for significant return on investment.

    Property Features for 5450 Millstream Rd

    General Information

    Property type
    Land
    Lot Size
    479,160 SF

    HighLights

    • 11‑acre commercial land parcel in McLeansville, NC, at 5450 Millstream Road.
    • Excellent access to I‑40 & I‑85, near Greensboro & Burlington.
    • BP zoning allows for diverse commercial development; conceptual plan for 97‑unit apartment complex exists.
    • Prime location: 15 minutes from downtown Greensboro, 25 minutes from Piedmont Triad International Airport, near Toyota Plant and Greensboro‑Randolph Megasite.
    • Guilford County, NC (27301); strong ROI potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aramark Caterer LabCorp Corporate Office Corporate Office

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    McLeansville
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.646567
    Latitude
    36.056947

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    FAQs

    What type of property is this?
    Land - 11-Acre Commercial Land, Prime Location
    Where is this land located?
    The property is located at 5450 Millstream Rd McLeansville, NC.
    What are key features of this property?
    This property features: 11-acre commercial land parcel in McLeansville, NC, at 5450 Millstream Road.; Excellent access to I-40 & I-85, near Greensboro & Burlington.; BP zoning allows for diverse commercial development; conceptual plan for 97-unit apartment complex exists.
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    McLeansville, NC 27301
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    Realmo Value Estimation

    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.

    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.

    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
    5450 Millstream Rd McLeansville, NC 27301
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