Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 74 Monroe, NC 28079
    Back to Search
    Property profile & analytics

    Highway 74 Monroe, NC 28079

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

    Current Use by Public Records

    • Land

    Property Details for 0 Highway 74

    Lot size
    3.86 lot acres
    Property type
    Land

    Description

    This exceptional 3.86-acre commercial lot is ideally situated on Highway 74 in Indian Trail, North Carolina, offering unparalleled access and visibility. Zoned RBD (Regional Business District), this property presents a remarkable opportunity for developers and investors. The lot boasts convenient access to major thoroughfares, including I-485 and the Monroe Bypass, ensuring high traffic counts and excellent exposure for any commercial venture. Utilities are readily available, with water and electricity already on-site, and sewer lines are conveniently located nearby, minimizing development costs and expediting the construction process. The property's strategic location in Union County, NC, zip code 28079, combined with its size and zoning, makes it suitable for a wide range of commercial developments. The Union County Parcel ID is 07048003. Priced at $295,000 per acre, this land represents a compelling investment opportunity in a rapidly growing area. Don't miss this chance to secure a prime piece of commercial real estate in a high-demand location.

    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
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.6246
    Latitude
    35.0534

    Comparable in this City

    • Value Estimation by Request
      1.37 Acres

      3314 Unionville - Indian Trl Rd

      Land • 1.37 Acres
      3314 Unionville - Indian Trl Rd, Indian Trail, NC 28079
      View Details
    • Value Estimation by Request
      2.40 Acres

      6504 Secrest Shortcut Rd

      Land • 2.40 Acres
      6504 Secrest Shortcut Rd, Indian Trail, NC 28079
      View Details
    • Value Estimation by Request
      3.00 Acres

      Bonterra Vlg Way

      Land • 3.00 Acres
      0 Bonterra Vlg Way, Indian Trail, NC 28079
      View Details
    • Value Estimation by Request
      9.50 Acres

      Bonterra Vlg Way

      Land • 9.50 Acres
      0 Bonterra Vlg Way, Indian Trail, NC 28079
      View Details
    • Value Estimation by Request
      5.64 Acres

      Secrest Shortcut Rd

      Land • 5.64 Acres
      0 Secrest Shortcut Rd, Monroe, NC 28079
      View Details
    • Value Estimation by Request
      13.30 Acres

      6309 Secrest Shortcut Rd

      Land • 13.30 Acres
      6309 Secrest Shortcut Rd, Indian Trail, NC 28079
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Near Monroe Expressway

      Land for sale near Hwy 74 and Lake Park.
      6415 Secrest Shortcut Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Bonterra Vlg Way, Indian Trail, NC 28079
      View Details
    • $499,800

      Land Available For Sale

      Mixed-use land available in Indian Trail, North Carolina.
      6504 Secrest Shortcut Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale at Unionville Indian Trail Road.
      W And Younts Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      6217 Secrest Shortcut Rd, Indian Trail, NC 28079
      View Details
    • $1,627,500

      Land Available in Indian Trail

      Land for sale at 6304 Secrest Shortcut Rd, Indian Trail, NC.
      6304 Secrest Shortcut Rd, Indian Trail, NC 28079
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Pharmacy Retail/Office Opportunity

      10,125 SF former pharmacy on 1.756 acres for rent.
      4300 Old Monroe Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Industrial Development Opportunity

      7.439 AC site with proposed 61,800 SF industrial space.
      215 Garmon Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Land For Rent, Indian Trail

      Land available for rent in Indian Trail, North Carolina.
      305 Chestnut Pkwy, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Land for Lease in Indian Trail

      Approximately 1.756 acres of land available for lease.
      4300 Old Monroe Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Retail Space Near Harris Teeter

      1,502 SF retail space available in Indian Trail, NC.
      6601 Old Monroe Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Retail Space in Sun Valley

      Neighborhood shopping center anchored by Harris Teeter and Wells Fargo.
      Old Monroe Rd And Wesley Stout Chapel Rd, Indian Trail, NC 28079
      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.
    Highway 74
    Monroe, NC 28079
    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
    Highway 74, Monroe, NC, 28079
    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!