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Property profile & analytics
OFF-MARKET
Land

860 Perry Rd Troutman, NC 28166

8.98 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8.98-acre property in desirable Troutman, North Carolina, presents a remarkable opportunity for various development ventures. Located on Perry Road, this nearly 9-acre parcel boasts a flat topography, offering ease of construction and development. Its convenient location provides less than a 5-minute commute to Interstate 77, ensuring excellent accessibility. The property is zoned Residential Agricultural, allowing for a range of uses including single-family home construction, potentially multiple homes, or other permitted uses such as child care facilities, funeral homes, camps, clubs, religious facilities, veterinary clinics, and community centers. Detailed permitted uses under the Residential Agricultural zoning are available via the Iredell County website. The property's size and zoning make it ideal for a single-family estate or a multi-family development project. Prospective buyers should note that well and septic systems will be required. The asking price for this exceptional land opportunity is $550,000. The property's APN is 4741814530.

Property profile
Verified
Property type Land
Lot 8.98 ac (391,169 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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