Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14841 Us-601 Midland, NC 28107
    Back to Search
    Property profile & analytics

    14841 Us-601, Midland, NC 28107

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

    Current Use by Public Records

    • Land

    Property Details for 14841 Us-601

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

    Description

    This exceptional 58.696-acre property in Midland, North Carolina, presents a rare opportunity for industrial and commercial development. Located in Cabarrus County (APN: 10-026 -0031.25), this fee-simple land is zoned General Industrial, offering a wide array of permitted uses. According to the 1/19/2021 Cabarrus County Unified Development Ordinance (UDO), over 50 uses are permitted, including storage lots, logistics and freight facilities, asphalt or concrete plants, building supply businesses, equipment sales and service centers, fabrication shops, machine shops, chemical manufacturing plants, nurseries, greenhouses, race team complexes, repair shops, restaurants, warehouses, and more. With special use permits and based on standards, nearly 100 uses are possible, such as shooting ranges, towing services, sports and recreation camps, and communication towers. Potential buyers should contact Cabarrus County Planning and Zoning for the most up-to-date zoning regulations. The asking price is $2,900,000, translating to approximately $49,407.11 per acre. This expansive tract is part of a larger 96.75-acre parcel, offering significant potential for large-scale development. Situated in a prime business environment, this property benefits from North Carolina's low corporate tax rate and its strategic location within a thriving industrial region, providing excellent logistical advantages. The property's location in Midland offers affordable development costs compared to more densely populated areas, making it ideal for businesses seeking high-growth opportunities in sectors like e-commerce, manufacturing, and distribution. The address is 14841 US-601, Midland, NC 28107.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5179
    Latitude
    35.2158

    Comparable in this City

    • Value Estimation by Request
      9.41 Acres

      Hwy 601 & Wallace Rd

      Land
      0 Hwy 601 & Wallace Rd, Midland, NC 28107
      View Details
    • Value Estimation by Request
      34.65 Acres

      Wallace Rd

      Land
      0 Wallace Rd, Midland, NC 28107
      View Details
    • Value Estimation by Request
      0.75 Acres

      375 Nc-24

      Land
      375 Nc-24, Midland, NC 28107
      View Details
    • Value Estimation by Request
      0.58 Acres

      225 27

      Land
      225 27, Midland, NC 28107
      View Details
    • Value Estimation by Request
      1.00 Acre

      14175 Hwy 601us

      INDUSTRIAL (GENERAL)
      14175 Hwy 601us, Midland, NC 28107-9457
      View Details
    • Value Estimation by Request
      1.00 Acre

      Bill Mcgee Rd

      INDUSTRIAL (GENERAL)
      Bill Mcgee Rd, Midland, NC 28107
      View Details

    Similar Nearby for Sale

    • $1,242,600
      41.42 Acres

      Farmland Near Midland, North Carolina

      41.42 acres of farmland with development potential near Midland.
      24/27 Nc Hwy, Midland, NC 28107
      View Details
    • $2,945,560
      34.65 Acres

      Hwy 601 & Wallace Rd Land

      ±34.65 acres Commercial/Industrial Land
      0 Wallace Rd, Midland, NC 28107
      View Details
    • $2,500,000
      98.52 Acres

      Riverfront Land in Midland, NC

      Large riverfront parcel suitable for estate, equestrian center, or development.
      10130 Reed Mine Rd, Midland, NC 28107
      View Details
    • Contact for pricing

      382 AC Land on Hwy

      382 acres of land available along Highway 200.
      8511 Mineral Dr, Midland, NC 28107
      View Details
    • Contact for pricing

      Vineyard Estate for Winery, Venue

      44.4 acre vineyard estate suited for winery or venue.
      11685 Reed Mine Rd, Midland, NC 28107
      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.
    14841 Us-601
    Midland, NC 28107
    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
    14841 Us-601, Midland, NC, 28107
    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!