Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Lawndale, NC Title is generated by Realmo AI

    Elam Street, Lawndale, NC 28090

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Lawndale, NC

    Lot size:
    0.45 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    79
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for Elam Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AA3
    Standard status
    Active
    APN
    34842
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Description
    LOT # 71 RD 1501

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Tracy Whisnant
    Tracy Whisnant

    Listing agent Tracy Whisnant

    Listing office RE/MAX Select 500 W Warren Street, Shelby, NC

    Listing date Mar 3, 2026

    MLS# 4352976 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large .45‑acre corner lot offering high visibility and accessibility.
    • Previously utilized for commercial operation, suggesting potential for similar use.
    • Includes two commercial water tanks enclosed within a secure fenced area.
    • Prime corner positioning.
    • Established infrastructure already in place.
    • Public Sewer access.

    Overview

    This 0.45-acre corner lot in Lawndale, North Carolina, offers visibility and accessibility. Previously utilized for a commercial operation, the property features two commercial water tanks enclosed within a secure fenced area. The property's zoning is AA3. This property presents possibilities for investors, business owners, or those looking to repurpose the space to fit their needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lawndale
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.565236
    Latitude
    35.414081

    Nearby Similar for Sale

    • $499,000

      Pasture and Farmland with Views

      23.86 acre property with mountain views in Lawndale, NC.
      Davids Chapel Church Rd, Lawndale, NC 28168
      View Details
    • $225,000

      Versatile 9-Acre Countryside Tract

      9-acre Lawndale tract with fields, trees, and creek.
      Tbd Davids Chapel Church Rd, Lawndale, NC 28168
      View Details
    • $797,000

      Farmland with River Frontage

      54 acres of farmland featuring river views and frontage.
      Powerhouse Road, Lawndale, NC 28090
      View Details
    • $325,000

      Lawndale, NC 40.51 Acre Land

      40.51 acre parcel in Upper Cleveland County, partially wooded.
      Casar Belwood Road, Lawndale, NC 28090
      View Details
    • $50,000

      Private Land in Lawndale, NC

      3.74 acres to build your dream home.
      300 Saint Paul Church Road, Lawndale, NC 28090
      View Details
    • $445,000
      2,338 SF

      Fallston Road Retail Opportunity

      2338 sq ft building on 1.04 acre lot.
      4541 Fallston Road, Lawndale, NC 28090,
      View Details
    • $395,000

      33 Acres in Cleveland County

      33 acres of land suitable for farming or development.
      Polkville Road, Lawndale, NC 28090
      View Details
    • $69,000

      Lawndale Land: Build Your Dream

      5+ acre Lawndale lot, build your dream home!
      Lane Street, Lawndale, NC 28090
      View Details
    • $797,000

      Farmland with River Frontage

      54 acres of farmland with river views and frontage.
      00 Powerhouse Road, Lawndale, NC 28090
      View Details
    • $200,000

      Established Business on Corner Lot

      One-acre corner lot with new building and established business.
      102 Deer Meadow Lane, Lawndale, NC 28090
      View Details
    • $395,000

      33-Acre Land in Cleveland County

      33 acres suitable for farm, homestead, or development.
      0 Polkville Road, Lawndale, NC 28090
      View Details
    • $299,000

      28.4 Acres in Upper Cleveland

      28.4 acres suitable for farm, cattle, or horse property.
      0 Rube Spangler Road, Lawndale, NC 28090
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.45-acre corner lot with commercial potential in Lawndale, NC.
    Where is this commercial land located?
    The property is located at Elam Street Lawndale, NC.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Large .45‑acre corner lot offering **high visibility and accessibility**.; Previously utilized for commercial operation, suggesting potential for similar use.; Includes two commercial water tanks enclosed within a secure fenced area.
    (704) 477-7391
    We can help!
    Listing Contact
    Tracy Whisnant
    Tracy Whisnant
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Elam Street, Lawndale, NC 28090
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!