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

    103 Stony Point Rd Kings Mountain, NC 28086

    Sponsored
    For Sale
    $895,000

    Prime 1.73-acre commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 1.73-acre commercial land parcel presents a unique investment opportunity in Kings Mountain, North Carolina. Located at 103 Stony Point Road, this property boasts a highly desirable corner location at the intersection of Highway 74 Business and Highway 74 Bypass, offering unparalleled visibility and accessibility. The R-zoned lot provides flexibility for a variety of commercial developments. Its strategic position benefits from significant daily traffic volume. According to the North Carolina Department of Transportation (NCDOT), the Highway 74 Bypass sees an average daily traffic count of 33,000 vehicles, while Highway 74 Business near Ingles grocery store registers 9,600 vehicles daily. This high traffic volume translates to exceptional exposure for any commercial venture. The property's proximity to key amenities further enhances its appeal. It's conveniently located just 0.5 miles from an Ingles grocery store, 4.6 miles from the Two Kings Casino, 3.4 miles from Atrium Health Kings Mountain Hospital, and 4.7 miles from downtown Kings Mountain. This prime location offers a compelling combination of high visibility, convenient access, and proximity to a diverse range of services and attractions, making it an ideal site for a variety of commercial developments. The asking price for this exceptional property is $895,000.

    Property Features for 103 Stony Point Rd

    General Information

    Property type
    Land
    Lot Size
    75,359 SF

    We can help!

    Listing Contact
    Russ Putnam
    Russ Putnam

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Food Market Storage Facility Bar & Pub Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kings Mountain
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.410297
    Latitude
    35.248281

    Nearby Comparable

    • $325,000
      0.60 Acres

      Kings Mountain Commercial Land - Hwy 74

      High-traffic corner lot, ideal for development.
      107 Stony Point Rd, Kings Mountain, NC 28086
      View Details
    • $2,000,000
      14.00 Acres

      Kings Mountain Commercial Land

      14 Acres, High Traffic Area, $2M
      2207 David Baptist Church Rd, Kings Mountain, NC 28086
      View Details
    • $1,000,500
      18.55 Acres

      Kings Mountain Commercial Land

      18.55 Acres, High Visibility, Hwy 74 Frontage
      5139 Dixon Blvd, Kings Mountain, NC 28086
      View Details
    • $3,200,000

      Land Available in Kings Mountain

      Land for sale at 300 El Bethel Rd, Kings Mountain.
      300 El Bethel Rd, Kings Mountain, NC 28086
      View Details
    • Contact for pricing
      211.00 Acres

      Kings Mountain Industrial Land

      ±211 acres, Highway 74 frontage
      0 Us-74, Kings Mountain, NC 28086
      View Details
    • $90,000
      0.23 Acres

      Kings Mountain Corner Lot

      Cleared corner lot in Kings Mountain with commercial zoning.
      1500 Shelby Rd, Kings Mountain, NC 28086
      View Details
    • $650,000
      1,668 SF

      Kings Mountain Retail & Storage

      Unique 1,668 SF flex building, great location.
      907 Bethlehem Rd, Kings Mountain, NC 28086
      View Details
    • $2,482,700
      29.20 Acres

      Kings Mountain Commercial Land - 29 Acres

      Prime Commercial Land, Excellent Location, High Visibility
      155 Patterson Rd, Kings Mountain, NC 28086
      View Details
    • $1,232,550

      Kings Mountain Development Opportunity

      27.38+/- acres suitable for development with utilities available.
      155 Patterson Rd, Kings Mountain, NC 28086
      View Details
    • $699,000
      1.61 Acres

      Kings Mountain Commercial Land

      1.61 Acres, High Traffic Area
      1301 Shelby Rd, Kings Mountain, NC 28086
      View Details

    Nearby Similar for Sale

    • $1,695,000
      1.53 Acres

      Kings Mountain Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential potential in Kings Mountain.
      605 N Piedmont Ave, Kings Mountain, NC 28086
      View Details
    • $1,100,000
      2.90 Acres

      Industrial Property Near I-85

      Versatile industrial property with loading dock, near major highways.
      508 Canterbury Rd, Kings Mountain, NC 28086
      View Details
    • New
      $368,900
      1.36 Acres

      Turnkey Investment Opportunity in Kings

      Two fully remodeled homes on a spacious 1.36-acre lot.
      624 Brevard St, Kings Mountain, NC 28086
      View Details
    • New
      $1,850,000
      10,977 SF

      Versatile Commercial Building in Downtown

      Commercial building in downtown Kings Mountain, suitable for various uses.
      301 S Battleground Ave, Kings Mountain, NC 28086
      View Details
    • $395,000
      0.49 Acres

      Kings Mountain Commercial Property For Sale

      Highly visible commercial property suitable for medical, professional, or service-oriented businesses.
      810 W King St, Kings Mountain, NC 28086
      View Details
    • $499,000

      Restaurant Site Near Catawba Casino

      Former restaurant building with equipment on 0.83 acre lot.
      1058 York Rd, Kings Mountain, NC 28086
      View Details
    • $3,000,000
      150,000 SF

      Kings Mountain Industrial Property

      150,000 SF Manufacturing Space, Vacant
      700 Railroad Ave, Kings Mountain, NC 28086
      View Details
    • $1,500,000
      7,964 SF

      Kings Mountain Warehouse Investment

      7,964 SF Warehouse, 4.79 Acres
      4239 Kings Mtn Hwy, Kings Mountain, NC 28086
      View Details
    • $699,000
      2,220 SF

      York Road Retail Investment

      High-traffic NC convenience store & gas station.
      1003 York Rd, Kings Mountain, NC 28086
      View Details
    • $650,000
      1,668 SF

      Kings Mountain Retail & Storage

      Unique 1,668 SF flex building, great location.
      907 Bethlehem Rd, Kings Mountain, NC 28086
      View Details
    • $300,000

      Kings Mountain Mixed-Use Property

      Prime Kings Mountain location, office & other uses. $300,000.
      104 Dilling St, Kings Mountain, NC 28086
      View Details

    FAQs

    What type of property is this?
    Land - Prime 1.73-acre commercial lot, high traffic area.
    Where is this land located?
    The property is located at 103 Stony Point Rd Kings Mountain, NC.
    What is the asking price?
    The asking price for this property is $895,000.
    Request Owner's contact information
    103 Stony Point Rd Kings Mountain, NC 28086
    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.
    103 Stony Point Rd
    Kings Mountain, NC 28086
    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
    103 Stony Point Rd Kings Mountain, NC 28086
    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
    Russ Putnam
    Russ Putnam
    Real Estate License ID: NC 304874
    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.