Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Midland, NC 28107 Midland, NC 28107

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,300,000

    25.98-acre commercial land in growing Midland and Mint Hill corridor.

    Type:Land
    Property size:
    25 SF
    Added:
    Nov 25, 2025
    Days on Market:
    129
    Last Refresh:
    Apr 1 at 8:24 pm

    Property Features

    General Information

    Standard status
    Active
    Size
    25 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Christopher Shulstad
    Christopher Shulstad

    Listing agent Christopher Shulstad License #NC #360155

    Listing office Piedmont Properties

    Listing date Nov 25, 2025

    Source Corfac

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Piedmont Properties

    Overview

    Prime Commercial Land Opportunity

    This approximately 25.98-acre property presents a commercial development opportunity in the growing Midland and Mint Hill area. Situated along NC Hwy 24-27, the site benefits from high visibility and accessibility, located approximately 3.5 miles from I-485 at Exit 41. Water service is being extended to the property. Sewer service is not yet available. Zoned C24/27 within Cabarrus County, the site allows for a range of commercial uses, suitable for retail, service, or mixed-use projects. The location is positioned to capitalize on the region's demographics and expanding infrastructure network.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Midland
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5264
    Latitude
    35.2443

    Nearby Similar for Sale

    • $225,000

      Commercial Land Near Crossroads

      High-visibility commercial land near a busy intersection.
      12320 Highway 601, Midland, NC 28107
      View Details
    • $499,500

      Corner Land Parcel in Midland

      2.68 acre corner lot suitable for subdivision.
      6301 NC Hwy 24/27 E, Midland, NC 28107
      View Details
    • $59,900

      One Acre Lot in Midland

      One acre commercial lot in Midland, North Carolina.
      11484 Bethel Church Road, Midland, NC 28107
      View Details
    • $40,000

      Cleared Commercial Lot in Midland

      Vacant commercial lot in a rapidly growing North Carolina community.
      Vacant (LOT 2) Kingsbury Drive, Midland, NC 28107
      View Details
    • $2,500,000

      98.52 Acres Riverfront Land

      Large land parcel with river frontage in a growing area.
      10130 Reed Mine Road, Midland, NC 28107
      View Details
    • $3,400,000
      1,817 SF

      Vineyard Estate for Winery, Venue

      44.4 acre vineyard estate suited for winery or venue.
      11685 Reed Mine Rd, Midland, NC 28107
      View Details
    • $1,999,000

      Prime Location Investment Opportunity

      Located on a four-lane highway near retail and residential areas.
      6760 Nc 24 27 Hwy, Midland, NC, 28107-8624
      View Details
    • $129,000

      Land in Midland, North Carolina

      2.72 acre lot in Midland, ready for your dream home.
      3305 Drake Road, Midland, NC 28107
      View Details
    • $25,000

      Wooded Lot in Midland, NC

      Wooded lot in a small neighborhood.
      4200 Wesley Drive, Midland, NC 28107
      View Details
    • $2,500,000

      Prime Commercial Land in Midland, NC

      13.65 acres at a key intersection with highway frontage.
      4200 NC Hwy 24/27, Midland, NC 28107
      View Details
    • $2,500,000

      Prime Commercial Land in Midland, NC

      13.65 acres at the intersection of Hwy 601 and 24/27.
      4200 NC Hwy 24/27, Midland, NC 28107
      View Details
    • $1,242,600

      Farmland Near Midland, North Carolina

      41.42 acres of farmland with development potential near Midland.
      NC Hwy 24/27, Midland, NC 28107
      View Details

    FAQs

    What type of property is this?
    Land - 25.98-acre commercial land in growing Midland and Mint Hill corridor.
    Where is this land located?
    The property is located at Midland, NC.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: ±25.98‑acre commercial development opportunity.; Located on NC Hwy 24‑27 with strong visibility.; ±3.5 miles from I‑485 at Exit 41.
    (980) 858-0109
    We can help!
    Listing Contact
    Christopher Shulstad
    Christopher Shulstad
    Real Estate License ID: NC #360155
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!