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    Property profile & analytics

    Hwy 601 & Wallace Rd Midland, NC 28107

    • Land
    • 9.41 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hwy 601 & Wallace Rd

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

    Description

    This exceptional ±9.41-acre commercial and industrial land parcel presents a unique investment opportunity in Midland, North Carolina. Strategically located at the intersection of Hwy 601 and Wallace Rd, this property boasts significant frontage: approximately 720 feet on Wallace Road and 622 feet on Hwy 601, providing excellent visibility and accessibility. The property is zoned IND, allowing for a variety of industrial uses. Utilities are readily available, with water accessible from both Wallace Road and Hwy 601, and sewer access via a sewer easement. This prime location offers convenient access to major transportation routes, making it ideal for businesses requiring efficient logistics. The property's size and zoning make it suitable for a wide range of industrial developments. Note that an additional ±34.651 acres is also available for purchase, presenting an opportunity to expand your investment. This is a rare chance to acquire a substantial tract of land in a thriving area, perfectly positioned for immediate development or future expansion. The asking price for this exceptional property is $987,000. Contact us today to learn more.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5258
    Latitude
    35.2224

    Comparable in this City

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    Hwy 601 & Wallace Rd
    Midland, NC 28107
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    Realmo Value Estimation

    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.

    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.

    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
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