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    Wallace Rd Midland, NC 28107

    Sponsored
    For Sale
    $2,945,560

    ±34.65 acres Commercial/Industrial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ±34.651-acre commercial and industrial land parcel is ideally situated in Midland, North Carolina, at the intersection of Hwy 601 and Wallace Rd (zip code 28107). The property boasts significant frontage: approximately 685 feet on Wallace Rd and approximately 11,640 feet on Hwy 601. It's zoned GI in Cabarrus County and features readily available water access from both Wallace Rd and Hwy 601, along with on-site sewer. A key advantage is its rail service via the Aberdeen Carolina & Western Railway, offering dual access to NS and CSX rail lines. Parcel ID numbers are 55448044240000 and 55448132260000. An additional ±9.41 acres is also available for purchase, presenting a unique opportunity to expand your investment. This prime location offers unparalleled access and connectivity, making it perfect for a variety of commercial and industrial uses. The asking price for this significant land holding is $2,945,560.

    Property Features for 0 Wallace Rd

    General Information

    Property type
    Land
    Lot Size
    1,509,398 SF

    HighLights

    • ±34.651‑acre commercial/industrial land parcel in Midland, NC (28107), at Hwy 601 & Wallace Rd intersection.
    • Significant frontage: ~685' on Wallace Rd, ~11,640' on Hwy 601. GI zoning; water & sewer available.
    • Rail service via Aberdeen Carolina & Western Railway (access to NS & CSX lines). Parcel IDs: 55448044240000 & 55448132260000.
    • ±9.41 additional acres available; asking price: $2,945,560.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midland
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.512934419109
    Latitude
    35.223106220919

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    FAQs

    What type of property is this?
    Land - ±34.65 acres Commercial/Industrial Land
    Where is this land located?
    The property is located at Wallace Rd Midland, NC.
    What is the asking price?
    The asking price for this property is $2,945,560.
    What are key features of this property?
    This property features: ±34.651-acre commercial/industrial land parcel in Midland, NC (28107), at Hwy 601 & Wallace Rd intersection.; Significant frontage: ~685' on Wallace Rd, ~11,640' on Hwy 601. GI zoning; water & sewer available.; Rail service via Aberdeen Carolina & Western Railway (access to NS & CSX lines). Parcel IDs: 55448044240000 & 55448132260000.
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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
    Wallace Rd Midland, NC 28107
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