Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Marion Business Park Marion, NC 28752
    Property profile & analytics

    Marion Business Park Marion, NC 28752

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

    Current Use by Public Records

    • Land

    Property Details for 0 Marion Business Park

    Year built
    1997
    Lot size
    7.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    Prime McDowell County, NC location, this 7+ acre C-2 zoned commercial development site offers 10 existing buildings (ranging from 2,000 to 8,000 square feet), plus additional smaller structures. Built in 1997, the property boasts a mix of metal and wood construction, offering flexibility for various uses. Six buildings include HVAC systems, while all have heating. Currently, most buildings are leased, with one ready for immediate occupancy after minor preparation. The property's location within the Marion Business Park provides excellent visibility and access to utilities. An adjacent one-acre lot is ready for development, backing up to established businesses. This presents a unique opportunity for redevelopment into a large retail facility, motel, multi-tenant storage, or single-user facility. The asking price is significantly below comparable properties in the area, making this a compelling investment opportunity. APN: 1700-09-06-2097.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    McDowell
    State
    North Carolina
    Longitude
    -82.03
    Latitude
    35.6525

    Comparable in this City

    • Value Estimation by Request
      7.00 Acres

      364 Us-70

      Land • 23,694 SF
      364 Us-70, Marion, NC 28752
      View Details
    • Value Estimation by Request
      2.00 Acres

      V/L Marterdan Rdg

      Land • 2.00 Acres
      0 V/L Marterdan Rdg, Marion, NC 28752
      View Details
    • Value Estimation by Request
      1.20 Acres

      550 Main St

      Land • 1.20 Acres
      550 Main St, Marion, NC 28752
      View Details
    • Value Estimation by Request
      2.51 Acres

      00 Stockton Rd

      Land • 2.51 Acres
      00 Stockton Rd, Marion, NC 28752
      View Details
    • Value Estimation by Request
      1.50 Acres

      9999 Sugar Hill Rd

      Land • 1.50 Acres
      9999 Sugar Hill Rd, Marion, NC 28752
      View Details
    • Value Estimation by Request
      15.00 Acres

      00 Sunflower Dr

      Land • 15.00 Acres
      00 Sunflower Dr, Marion, NC 28752
      View Details

    Similar Nearby for Sale

    • $89,900
      8.58 Acres

      Marion, NC Land with Views

      8.58 acres of land with mountain views near Marion.
      Big View Dr, Marion, NC 28752
      View Details
    • $145,000
      9.06 Acres

      Marion, NC Land with Views

      9.06 acre tract with privacy and view potential.
      Lytle Mountain Rd, Marion, NC 28752
      View Details
    • $1,950,000
      2.94 Acres

      High-Yield Industrial Investment Opportunity

      Prime Marion, NC industrial property with strong tenant base.
      3100 Nc Hwy 226 Hwy, Marion, NC 28752
      View Details
    • $33,000
      Pending

      Land For Sale Marion, NC

      Land available in McDowell County, Marion, North Carolina.
      99999 Sir Winston Way, Marion, NC 28752
      View Details
    • $34,000
      5.59 Acres

      Land Near Lake James

      Beautiful, lightly restricted land near Lake James with creek frontage.
      Mountain Creek Way, Marion, NC 28752
      View Details
    • $49,000
      2.38 Acres

      Land in Glenwood Community

      2.38 acre cleared land in desirable Glenwood community.
      V/L Us 221 Hwy S, Marion, NC 28752
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Marion NC Flex Space Available

      Commercial flex space for lease near Marion City Square.
      500 N Main St, Marion, NC 28752
      View Details
    • New
      $1,850 /Mo
      21,780 SF

      Marion Commercial Space For Lease

      Warehouse and office space available in Marion near I-40.
      2849 Highway 226 S, Marion, NC 28752
      View Details
    • Contact for pricing

      7-Acre Graded Site For Lease

      7-acre graded, pad-ready site suitable for industrial/distribution business.
      364 Us-70, Marion, NC 28752
      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.
    Marion Business Park
    Marion, NC 28752
    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
    Marion Business Park, Marion, NC, 28752
    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!