Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3071 Oxford St Claremont, NC 28610
    Back to Search
    Property profile & analytics

    3071 Oxford St, Claremont, NC 28610

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

    Current Use by Public Records

    • Land

    Property Details for 3071 Oxford St

    Lot size
    3.21 lot acres
    Property type
    Land

    Description

    This exceptional 3.21-acre commercial land parcel presents a prime opportunity for retail development. Strategically located at 3071 N Oxford Street in Claremont, North Carolina, this property boasts convenient access to Interstate 40, placing it within easy reach of Hickory, Conover, and Statesville. The property is zoned B-3, offering flexibility for a variety of commercial uses. The expansive lot size provides ample space for a significant development project. While the asking price is $1,300,000, the property's location and zoning make it a compelling investment. Please note that property lines depicted on aerial imagery are approximate and not to scale

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.1587
    Latitude
    35.7197

    Comparable in this City

    • Value Estimation by Request
      10.98 Acres

      Penny Rd & Kelly Blvd

      Land
      0 Penny Rd & Kelly Blvd, Claremont, NC 28610
      View Details
    • Value Estimation by Request
      3,618 SF

      4895 Depot St

      COMMERCIAL (GENERAL)
      4895 Depot St, Claremont, NC 28610
      View Details
    • Value Estimation by Request
      2,222 SF

      3242 Main St

      COMMERCIAL (GENERAL)
      3242 Main St, Claremont, NC 28610
      View Details
    • Value Estimation by Request
      1,755 SF

      4891 Depot St

      COMMERCIAL (GENERAL)
      4891 Depot St, Claremont, NC 28610-8549
      View Details
    • Value Estimation by Request
      3,264 SF

      3252 Main St

      COMMERCIAL (GENERAL)
      3252 Main St, Claremont, NC 28610
      View Details
    • Value Estimation by Request
      0.63 Acres

      3100 Oxford St

      Commercial real estate
      3100 Oxford St, Claremont, NC 28610
      View Details

    Similar Nearby for Sale

    • $240,000
      8.98 Acres

      Claremont, NC Land Parcel

      8.98 acres of land near Claremont, North Carolina.
      None St, Claremont, NC 28610
      View Details
    • $350,000
      Pending

      Lakeview Estate Land Opportunity

      13+ acres with lake views and dockable waterfront lot.
      4270 Laurel Hill Rd, Claremont, NC 28610
      View Details
    • $279,900
      18.99 Acres

      Claremont Land Parcel For Sale

      18.99 acres of land suitable for development or personal use.
      Rest Home Rd, Claremont, NC 28610
      View Details
    • $135,000
      4.60 Acres

      Land in Claremont, NC

      Acreage close to schools and parks in Claremont, NC.
      None, Claremont, NC 28610
      View Details
    • Contact for pricing

      Land for Retail Development

      Over 3 acres, convenient location for retail development.
      3071 N Oxford St, Claremont, NC 28610
      View Details
    • Contact for pricing
      19,000 SF

      Claremont Warehouse/Industrial Facility For Sale

      19,000+/- sq. ft. warehouse with expansion potential near I-40.
      0000 Old Catawba Rd, Claremont, NC 28610
      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.
    3071 Oxford St
    Claremont, NC 28610
    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
    3071 Oxford St, Claremont, NC, 28610
    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!