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    129 Shermill Ln Troutman, NC 28166

    For Sale
    $1,100,000

    Prime NC land, ideal for estate or development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 13.42-acre property, located at 129-131 Shermill Lane in Troutman, North Carolina, presents a unique investment opportunity. Comprised of three contiguous parcels (APN: 4741-42-7448, 4741-42-7067, 4741-42-5114), this land boasts convenient access to Highway 21 and Interstate 77, placing it within a rapidly developing area. The property is zoned RS, allowing for various uses, making it suitable for a mini-estate, horse farm, or potential development projects. Its significant size and strategic location offer considerable potential for future growth and appreciation. City water and sewer services are readily available, adding to the property's appeal and practicality. The asking price for this remarkable land is $1,100,000. This is a rare chance to acquire a substantial parcel in a thriving North Carolina community. Don't miss this opportunity to own a piece of Iredell County's promising future.

    Property Features for 129 Shermill Ln

    General Information

    Property type
    Farms
    Lot Size
    584,575 SF

    HighLights

    • 13.42‑acre property in Troutman, NC, comprised of three contiguous parcels (APN: 4741‑42‑7448, 4741‑42‑7067, 4741‑42‑5114).
    • Excellent access to Highway 21 and I‑77 in a rapidly developing area.
    • RS zoning allows for diverse uses, including mini‑estate, horse farm, or development.
    • City water and sewer available.
    • Asking price: $1,100,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Troutman
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8700443
    Latitude
    35.6924623

    Nearby Comparable

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    FAQs

    What type of property is this?
    Farm - Prime NC land, ideal for estate or development.
    Where is this farm located?
    The property is located at 129 Shermill Ln Troutman, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 13.42-acre property in Troutman, NC, comprised of three contiguous parcels (APN: 4741-42-7448, 4741-42-7067, 4741-42-5114).; Excellent access to Highway 21 and I-77 in a rapidly developing area.; RS zoning allows for diverse uses, including mini-estate, horse farm, or development.
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    129 Shermill Ln Troutman, NC 28166
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    Troutman, NC 28166
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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
    129 Shermill Ln Troutman, NC 28166
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