Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mimosa St Cleveland, NC 27013
    Back to Search
    Property profile & analytics

    Mimosa St Cleveland, NC 27013

    View on Map
    • Land
    • 57.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mimosa St

    Lot size
    57.17 lot acres
    Property type
    Land

    Description

    This exceptional 57.168-acre parcel of commercially zoned industrial land presents a significant investment opportunity in Cleveland, North Carolina. Located in Rowan County, at 0 Mimosa Street, zip code 27013, this property boasts a strategic location offering unparalleled access to major transportation arteries. Situated between Interstates 77 and 85, with Interstate 40 also conveniently nearby, this site provides seamless connectivity to regional and national markets. The property is approximately 50 minutes from Charlotte, NC, 45 minutes from the Triad region, and within two hours of the Triangle area, ensuring efficient logistics and distribution capabilities. Priced at $3,715,920, or $65,000 per acre, this represents a compelling value proposition for developers and investors seeking a substantial land holding in a rapidly growing area. The site is serviced by readily available utilities, including water, sewer, gas, and electric, simplifying development plans. Furthermore, the potential for rail spur access to the Norfolk Southern Railway adds another layer of logistical advantage, making this property ideally suited for a wide range of industrial and commercial uses. This is a rare opportunity to acquire a large, strategically located industrial land parcel with excellent infrastructure and connectivity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.6764
    Latitude
    35.7298

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      Main St

      INDUSTRIAL - VACANT LAND • 0.25 Acres
      Main St, Cleveland, NC 27013
      View Details
    • Value Estimation by Request
      1.54 Acres

      Transport Dr

      INDUSTRIAL - VACANT LAND • 1.54 Acres
      Transport Dr, Cleveland, NC 27013
      View Details
    • Value Estimation by Request
      4.56 Acres

      Amity Hl Rd

      INDUSTRIAL - VACANT LAND • 4.56 Acres
      Amity Hl Rd, Cleveland, NC 27013
      View Details
    • Value Estimation by Request
      5.80 Acres

      Barber Jct Rd

      INDUSTRIAL - VACANT LAND • 5.80 Acres
      Barber Jct Rd, Cleveland, NC 27013
      View Details
    • Value Estimation by Request
      1.00 Acre

      Barber Jct Rd

      VACANT COMMERCIAL LAND • 1.00 Acre
      Barber Jct Rd, Cleveland, NC 27013
      View Details
    • Value Estimation by Request
      1.35 Acres

      Bear Poplar Rd

      INDUSTRIAL - VACANT LAND • 1.35 Acres
      Bear Poplar Rd, Cleveland, NC 27013
      View Details

    Similar Nearby for Sale

    • $65,000
      1.47 Acres

      Land in Cleveland, North Carolina

      1.47 acre land parcel in a peaceful North Carolina town.
      Old Us 70 Hwy, Cleveland, NC 27013
      View Details
    • $100,000
      3.43 Acres

      Land Assemblage in Cleveland, NC

      3.43 acre land parcel for sale in Cleveland, NC.
      01 Mimosa St, Cleveland, NC 27013
      View Details
    • $40,000
      1.85 Acres

      Land Assemblage Opportunity

      1.85 acre land parcel for assemblage in Cleveland, NC.
      Statesville Blvd, Cleveland, NC 27013
      View Details
    • $40,000
      1.34 Acres

      Land Assemblage Opportunity

      Landlocked 1.34 acre parcel in Cleveland, North Carolina.
      02 Mimosa St, Cleveland, NC 27013
      View Details
    • $65,000
      1.90 Acres

      Land in Cleveland, North Carolina

      1.9 acre lot in Cleveland, NC, for residential or investment.
      Old Us 70 Hwy, Cleveland, NC 27013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,710,000 SF

      Land Parcel for Lease

      Large land parcel available for lease in Cleveland, NC.
      Amity Hill Rd, Cleveland, NC 27013
      View Details
    • $1.00 SF/Yr

      Distribution/Fulfillment Center Site Available

      Site suitable for distribution or fulfillment center near major highways.
      177 Triplett Rd, Cleveland, NC 27013
      View Details
    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.
    Mimosa St
    Cleveland, NC 27013
    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
    Mimosa St, Cleveland, NC, 27013
    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!