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Property profile & analytics
OFF-MARKET
Day care centers

224 Nc-24 Midland, NC 28107

1,600 SF 0.58 ac lot
Property ID
Property summary
AI-generated overview

This 1,600 sq ft vacant mixed-use building in Midland, NC, sits on a 0.58-acre lot with high visibility on busy Highway 24/27 (21,000+ vehicles per day) and easy I-485 access. Zoned C 24/27, it allows for various commercial and retail uses, previously housing a hair salon and church. The single-story building features a walk-out basement offering substantial storage or expansion potential, plus a wraparound driveway. An adjacent +/- 1-acre parcel (12250 Hartwood Rd) is also available for purchase, presenting opportunities for increased parking or further commercial development (currently residentially zoned, with potential for commercial rezoning). The asking price is $500,000. This redevelopment opportunity presents significant potential for investors seeking high-traffic exposure and diverse usage options. The property's versatile zoning, ample space, and convenient location make it an attractive investment prospect.

Property profile
Verified
Property type Day care centers
Total area 1,600 SF
Lot 0.58 ac (25,265 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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