Property profile

465 Turner Rd Mayodan, NC 27027

OFF-MARKET
Land
48.61 ac lot
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Property summary

AI-generated overview

This exceptional 48.61-acre industrial land parcel presents a unique investment opportunity in Mayodan, North Carolina. Located at 465 Turner Road, this property boasts a prime location at the corner of Turner Road and NC-704, offering excellent visibility and accessibility. The land itself is a mix of level and rolling terrain, currently wooded, and zoned M1, allowing for a variety of industrial uses. Public water and sewer services are readily available, simplifying development plans. The property is free from deed restrictions, aside from standard utility easements, providing flexibility for future development. While an abandoned house is present on the site, this presents an opportunity for redevelopment. Importantly, the land is not situated within a flood zone, mitigating potential risks. This location in Rockingham County offers a strong foundation for establishing a new business or expanding existing operations. The asking price for this significant industrial land holding is $990,000. The property's size, zoning, and location combine to create a compelling investment prospect.

Property profile

Verified
Property type Land
Lot 48.61 ac (2,117,452 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

465 Turner Rd Mayodan, NC 27027
Mayodan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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