Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3229 Business Hwy Denver, NC 28037
    Property profile & analytics

    3229 Business Hwy Denver, NC 28037

    View on Map
    • Commercial real estate
    • 1,310 SF
    • 1.78 lot acres
    For Sale
    $1,600,000
    View Listing →
    Denver Commercial Land Investment Opportunity For Sale
    $1,600,000
    1,310 SF

    Denver Commercial Land Investment Opportunity

    High-Visibility Hwy 16 Business Property

    3229 Business Hwy, Denver, NC 28037
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3229 Business Hwy

    Year built
    1955
    Lot size
    1.78 lot acres
    Property size
    1,310 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1.78-acre commercial lot presents a unique investment opportunity in the rapidly growing Denver, NC market. Boasting 1,310 square feet of existing building space and an impressive 267 feet of road frontage on NC Highway 16 Business, this property offers unparalleled visibility and accessibility. The strategic location on a section of Highway 16 with a reduced speed limit creates a prime opportunity for impactful signage and advertising, maximizing exposure to a high volume of daily traffic. Denver's expanding economy and the influx of new residential communities and businesses make this property exceptionally desirable. The substantial road frontage is a rare commodity in this thriving area, presenting significant potential for a variety of commercial ventures. This is a chance to capitalize on Denver's growth trajectory and secure a prominent position in a burgeoning market. The existing building provides a solid foundation for immediate use or redevelopment, offering flexibility to suit a range of business needs. Don't miss this exceptional opportunity to acquire a high-impact commercial property in a prime location. Priced at $1,600,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.0145
    Latitude
    35.5244

    Comparable in this City

    • Value Estimation by Request
      1,592 SF

      16 Nc Business Hwy

      COMMERCIAL (GENERAL) • 1,592 SF
      16 Nc Business Hwy, Denver, NC 28037
      View Details
    • Value Estimation by Request
      3.78 Acres

      6252 Nc-16

      Land • 3.78 Acres
      6252 Nc-16, Denver, NC 28037
      View Details
    • Value Estimation by Request
      0.80 Acres

      Fairfield Frst Rd

      COMMERCIAL (GENERAL) • 0.80 Acres
      Fairfield Frst Rd, Denver, NC 28037
      View Details
    • Value Estimation by Request
      1.93 Acres

      16 Nc Business Hwy

      COMMERCIAL (GENERAL) • 1.93 Acres
      16 Nc Business Hwy, Denver, NC 28037
      View Details
    • Value Estimation by Request
      1,157 SF

      16 Nc Business Hwy

      COMMERCIAL (GENERAL) • 1,157 SF
      16 Nc Business Hwy, Denver, NC 28037
      View Details
    • Value Estimation by Request
      5.95 Acres

      7259 Nc 73 Hwy

      Land • 1 SF
      7259 Nc 73 Hwy, Denver, NC 28037
      View Details

    Similar Nearby for Sale

    • $1,600,000
      1,310 SF

      Denver Commercial Land Investment Opportunity

      High-Visibility Hwy 16 Business Property
      3229 Business Hwy, Denver, NC 28037
      View Details
    • Contact for pricing

      Lake Norman Creek Front Lot

      Residential lot on Lake Norman with water access and utilities.
      0000 Woodhill Cove Ln, Denver, NC 28037
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Approximately 16.74 acres of commercial land for sale.
      7131 Nc-73, Denver, NC 28037
      View Details
    • $700,000
      2.00 Acres

      Prime Commercial Lot in Denver

      Two-acre commercial lot in a rapidly growing area.
      Natalie Cmns Dr, Denver, NC 28037
      View Details
    • $55,000
      0.36 Acres

      Residential Lot in Denver, NC

      Residential lot in established neighborhood with city utilities.
      #13 Lot Drury Ln, Denver, NC 28037
      View Details
    • Contact for pricing

      Highway 73 Land for Sale

      5.95 acres of commercial land on Highway 73.
      7259 Nc-73, Denver, NC 28037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      226,800 SF

      Industrial Warehouse Space Available

      Large industrial warehouse space for rent in Denver, NC.
      Highway 16, Denver, NC 28037
      View Details
    • $8,000 /Mo
      43,996 SF

      Flexible Industrial Space Near Lake Norman

      Versatile industrial facility in eastern Lincoln County, ideal for contractors.
      7590 Townsend Dr, Denver, NC 28037
      View Details
    • Contact for pricing

      Retail Space in Denver, NC

      Retail space available near major retailers in Denver, North Carolina.
      Hawthorne Dr & Cottonwood Cmns Dr, Denver, NC 28037
      View Details
    • Contact for pricing

      Highway 73 Land for Lease

      5.95 acres available on Highway 73 in Denver, NC.
      7259 Nc 73 Hwy, Denver, NC 28037
      View Details
    • Contact for pricing

      4,400 SF Industrial Unit

      Industrial unit for lease featuring two drive-in doors.
      7471-7473 Hagers Hollow Dr, Denver, NC 28037
      View Details
    • Contact for pricing
      4,200 SF

      Office/Warehouse with Fenced Storage

      4,200 SF office/warehouse on 1 acre with fenced storage.
      6610 Denver Industrial Park Rd, Denver, NC 28037
      View Details
    View Listing
    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.
    3229 Business Hwy
    Denver, NC 28037
    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
    3229 Business Hwy, Denver, NC, 28037
    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!