Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5374 State Hwy Harrisburg, NC 28075

    • Land
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5374 State Hwy

    Lot size
    0.70 lot acres
    Property type
    Land

    Description

    This exceptional commercial land parcel, located at 5374 State Hwy 49 in Harrisburg, North Carolina (zip code 28075), presents a unique investment opportunity. Currently zoned for office use, this property is pending rezoning and ideally suited for retail development. The lot size ranges from 0.7 to 1.56 acres, offering ample space for a multi-tenant or single-tenant retail building, including the possibility of a drive-thru. Situated in Cabarrus County, this prime location benefits from high visibility and significant traffic volume, making it an attractive site for businesses seeking strong customer access. Detailed site plans are available upon request for serious inquiries. Feasibility studies exploring both multi-tenant and single-tenant (with drive-thru) options are also available to qualified prospective buyers. This property represents a compelling chance to capitalize on the growing retail market in Harrisburg, NC. The pending rezoning process presents an opportunity to shape the future of this valuable land parcel and create a thriving retail destination. Contact us today to learn more about this exciting development opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6672
    Latitude
    35.321

    Comparable in this City

    • Value Estimation by Request
      16.32 Acres

      Rocky River Rd

      Land • 16.32 Acres
      0 Rocky River Rd, Harrisburg, NC 28075
      View Details
    • Value Estimation by Request
      1.14 Acres

      5125 State Hwy

      Land • 1.14 Acres
      5125 State Hwy, Harrisburg, NC 28075
      View Details
    • Value Estimation by Request
      1.56 Acres

      5374 State Hwy

      Land • 1.56 Acres
      5374 State Hwy, Harrisburg, NC 28075
      View Details
    • Value Estimation by Request
      1.52 Acres

      5260 Nc Hwy

      Land • 1.52 Acres
      5260 Nc Hwy, Harrisburg, NC 28075
      View Details
    • Value Estimation by Request
      4.44 Acres

      3178 Nc Hwy 49th S

      COMMERCIAL (GENERAL) • 4.44 Acres
      3178 Nc Hwy 49th S, Harrisburg, NC 28075-7515
      View Details
    • Value Estimation by Request
      0.01 Acres

      Rose Cottage Ln

      COMMERCIAL (GENERAL) • 0.01 Acres
      Rose Cottage Ln, Harrisburg, NC 28075
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.52 Acres

      Prime Harrisburg Commercial Land

      1.52 Acres, Hwy 49 Frontage
      5260 Nc Hwy 49, Harrisburg, NC 28075
      View Details
    • Contact for pricing
      1.14 Acres

      Prime Harrisburg Commercial Land

      1.14 Acres, Hwy 49 Frontage
      5125 State Hwy 49, Harrisburg, NC 28075
      View Details
    • Contact for pricing

      Land Available in Harrisburg, NC

      Land for sale at 6815 Hudspeth Rd, Harrisburg, NC.
      6815 Hudspeth Rd, Harrisburg, NC 28075
      View Details
    • Contact for pricing

      Harrisburg Land Parcel Available

      Large land parcel available in Harrisburg, North Carolina.
      5670 Morehead Rd, Harrisburg, NC 28075
      View Details
    • $4,000,000
      16.32 Acres

      Magnolia Corners: Prime Commercial Land

      16.32 Acres, Harrisburg, NC - $4M
      0 Rocky River Rd, Harrisburg, NC 28075
      View Details
    • Contact for pricing
      0.15 Acres

      Riverfront Lot in Harrisburg, NC

      Riverfront lot for sale in the heart of Harrisburg.
      3648 Waterloo Dr, Harrisburg, NC 28075
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,534 SF

      Harrisburg Retail Space Available

      Three retail spaces, 900-2404 sq ft.
      12190 University City Blvd, Harrisburg, NC 28075
      View Details
    • $30 SF/Yr
      2,400 SF

      Retail Space in Harrisburg, NC

      Retail space available in a centrally located shopping center.
      4323 School House Cmns, Harrisburg, NC 28075
      View Details
    • $5,600 /Mo
      21,344 SF

      Harrisburg, NC Commercial Space

      Versatile commercial space suitable for office, retail, or medical use.
      4310 Physicians Blvd, Harrisburg, NC 28075
      View Details
    • $26 SF/Yr
      2,009 SF

      Retail Space in Harrisburg Center

      Retail space available in a Lowe's Foods-anchored shopping center.
      4507 School House Cmns, Harrisburg, NC 28075
      View Details
    • $31 SF/Yr
      10,283 SF

      Harrisburg Medical Office Space

      New Medical Office, Flexible Suites, Great Location
      3612 State Hwy 49, Harrisburg, NC 28075
      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.
    5374 State Hwy
    Harrisburg, NC 28075
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!