Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Cul-de-Sac Title is generated by Realmo AI

    Gate Drive, Thomasville, NC 27360

    View on Map
    Claim this Listing
    For Sale
    $30,000

    LAND - Thomasville, NC

    Lot size:
    0.64 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    106
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for Gate Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6795-07-0126
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Description
    SOUTHGATE EST LO:20 SE:1 PL:16-10

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Katrina Carney

    Listing agent Katrina Carney

    Listing office EXP Realty LLC 10130 Perimeter Parkway Suite 200, Charlotte, NC

    Listing date Feb 4, 2026

    MLS# 4343300 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

    • Located in a cul‑de‑sac.
    • Close proximity to I‑85 (4 miles).
    • Convenient access to local businesses on Route 109.
    • Offers a suburban country atmosphere.
    • Lot is buildable.
    • Owner is a real estate broker.

    Overview

    This residential lot is located in a cul-de-sac in Thomasville, North Carolina. The lot size is 0.64 acres. It is situated approximately 4 miles from I-85 and local businesses on route 109, offering a suburban country atmosphere with convenient access to amenities. The property is located in Randolph County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.045252
    Latitude
    35.826691

    Nearby Similar for Sale

    • $300,000
      2,320 SF

      Thomasville Retail Investment Opportunity

      Former convenience store on 1 acre lot near country club.
      285 Old Greensboro Road, Thomasville, NC 27360
      View Details
    • $524,900
      1,865 SF

      Updated Office Space For Sale

      Updated office space featuring multiple offices, conference room, and parking.
      4217 Meadowbrook View Road, Thomasville, NC 27360
      View Details
    • $595,000
      3,243 SF

      Retail Space in Thomasville, NC

      Retail space available for sale in Thomasville, North Carolina.
      116 E Main Street, Thomasville, NC 27360
      View Details
    • $299,900
      2,624 SF

      Thomasville Multifamily Investment Opportunity

      Four one-bedroom units near the Triad with ample parking.
      106 College Street, Thomasville, NC 27360
      View Details
    • $120,000

      Land in Thomasville, NC

      2.29+/- acre lot, ideal for building a home.
      255 Bowers Road, Thomasville, NC 27360
      View Details
    • $795,000

      Highway 64 Land Opportunity

      Two parcels totaling 44.63 acres in growing commercial corridor.
      8015 E US Highway 64, Thomasville, NC 27360
      View Details
    • $390,000

      Thomasville Commercial Land Opportunity

      2-acre commercial land parcel in Thomasville, NC.
      606 Old Raleigh Road, Thomasville, NC 27360
      View Details
    • $1,125,000

      Thomasville Acreage with Development Potential

      46.81 acres near I-85, suitable for residential or commercial development.
      2619 S NC Highway 109, Thomasville, NC 27360
      View Details
    • $195,000

      Commercial Corner Lot in Thomasville

      Corner lot zoned C-2, high-traffic area near Walmart.
      Liberty Drive, Thomasville, NC 27360
      View Details
    • $45,900

      Thomasville Land For Sale

      1.88 acres in Thomasville, NC, with city utilities.
      811 Douglas Drive, Thomasville, NC 27360
      View Details
    • $25,000

      Residential Lot in Thomasville, NC

      0.46 acre lot suitable for site-built or modular homes.
      251 Bowers Road, Thomasville, NC 27360
      View Details
    • $45,900

      Thomasville, NC Land Available

      1.88 acres in town, convenient to amenities and services.
      811 Douglas Drive, Thomasville, NC 27360
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Thomasville, close to I-85 and local businesses.
    Where is this residential land & home lot located?
    The property is located at Gate Drive Thomasville, NC.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Located in a cul‑de‑sac.; Close proximity to I‑85 (4 miles).; Convenient access to local businesses on Route 109.
    (704) 707-4414
    We can help!
    Listing Contact
    Katrina Carney
    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
    Gate Drive, Thomasville, NC 27360
    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!