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    2315 Us-29 China Grove, NC 28023

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    2315 Us-29 China Grove, NC 28023

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    • Land
    • 16.99 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2315 Us-29

    Lot size
    16.99 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 16.99-acre industrial land parcel presents a compelling investment opportunity in the thriving China Grove, North Carolina market. Strategically located at 2315 US-29, this property boasts significant highway frontage along a four-lane road with a traffic light at the southeast corner intersection of Daughtery Road, ensuring high visibility and accessibility. The site comprises three parcels (APN 133256, 133257, and 133129), totaling approximately 16.99 acres. Individual parcel sizes are: 4.2 acres (APN 133256), 6.63 acres (APN 133257), and 6.07 acres (APN 133129). All three parcels are zoned for industrial use, providing flexibility for a wide range of development projects. The property benefits from the availability of water and sewer services along Highway 29, simplifying infrastructure needs. Its proximity to Interstate 85 (within 2 miles) further enhances its logistical advantages, providing easy access to regional and national transportation networks. This location is considered to be in a high-growth area, presenting significant long-term potential for appreciation. The asking price for this exceptional industrial land is $2,608,000. This is a rare opportunity to acquire a substantial, well-located industrial site in a rapidly developing area of Rowan County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    China Grove
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5959
    Latitude
    35.5442

    Comparable in this City

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      22,237 SF

      535 Lentz Rd

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      1,152 SF

      816 Enochville Ave

      INDUSTRIAL (GENERAL) • 1,152 SF
      816 Enochville Ave, Kannapolis, NC 28023-7559
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    • Value Estimation
      $645,000
      230,000 SF

      1 Hitachi Metals Dr

      INDUSTRIAL (GENERAL) • 230,000 SF
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    • Value Estimation by Request
      3,600 SF

      825 Millbridge Rd

      INDUSTRIAL (GENERAL) • 3,600 SF
      825 Millbridge Rd, China Grove, NC 28023-7760
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    • Value Estimation by Request
      17,340 SF

      2525 Us 29th Hwy

      INDUSTRIAL (GENERAL) • 17,340 SF
      2525 Us 29th Hwy, Kannapolis, NC 28023-9644
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    • Value Estimation by Request
      3,800 SF

      285 Aviation Dr

      INDUSTRIAL (GENERAL) • 3,800 SF
      285 Aviation Dr, China Grove, NC 28023-6661
      View Details

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    2315 Us-29
    China Grove, NC 28023
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    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
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    2315 Us-29, China Grove, NC, 28023

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