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    Property profile & analytics

    120 Oveda Ct Kings Mountain, NC 28086

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2572265
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 120 Oveda Ct

    Property type
    Commercial real estate

    Description

    This exceptional 135.83-acre property in Kings Mountain, North Carolina, presents a unique investment opportunity. Strategically located just one mile from Interstate 85, Exit 2, this expansive land parcel offers unparalleled access to major transportation routes, connecting businesses to Charlotte and beyond. The property is comprised of two parcels, PIN 10613 (71.688 acres) and PIN 65332 (64.142 acres), and is zoned for Heavy Industrial use, providing flexibility for a wide range of development projects. Its prime location within a growth corridor, coupled with its proximity to the new Two Kings Casino and Charlotte Douglas International Airport, makes it an attractive proposition for industrial users seeking efficient logistics and a skilled workforce. The property's Heavy Industrial zoning also allows for the possibility of downzoning to residential, opening up additional development avenues. The site is easily accessible, beginning at the end of Roy Bell Road at a cul-de-sac. This location offers convenient access to the amenities of Kings Mountain's charming downtown area and nearby recreational opportunities, while also being in close proximity to Gastonia and Charlotte. This substantial land holding represents a rare chance to acquire a significant asset in a rapidly developing area. Detailed maps and GIS data are available upon request. The asking price for this exceptional property is $4,755,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kings Mountain
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.42725
    Latitude
    35.19652

    Comparable in this City

    • $3,000,000
      150,000 SF

      Kings Mountain Industrial Property

      150,000 SF Manufacturing Space, Vacant
      700 Railroad Ave, Kings Mountain, NC 28086
      View Details
    • New
      $1,695,000
      0.95 Acres

      Kings Mountain Mixed-Use and Residential Portfolio

      Mixed-use and residential properties near Highway 74 and I-85.
      109 Fulton St, Kings Mountain, NC 28086
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    • $4,900,000
      46.90 Acres

      Kings Mountain Estate Land - 46 Acres

      Secluded acreage, ideal for large estate. 46+ acres, lake included.
      1967 Bethlehem Rd, Kings Mountain, NC 28086
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    • $1,000,500
      18.55 Acres

      Kings Mountain Commercial Land

      18.55 Acres, High Visibility, Hwy 74 Frontage
      5139 Dixon Blvd, Kings Mountain, NC 28086
      View Details
    • Contact for pricing
      211.00 Acres

      Kings Mountain Industrial Land

      ±211 acres, Highway 74 frontage
      0 Us-74, Kings Mountain, NC 28086
      View Details
    • $890,000
      7.12 Acres

      Kings Mountain Industrial Land

      7.12 Acres, I-85 Visibility
      540 Canterbury Rd, Kings Mountain, NC 28086
      View Details

    Similar Nearby for Sale

    • New
      $1,695,000
      0.95 Acres

      Kings Mountain Mixed-Use and Residential Portfolio

      Mixed-use and residential properties near Highway 74 and I-85.
      109 Fulton St, Kings Mountain, NC 28086
      View Details
    • $3,000,000
      150,000 SF

      Kings Mountain Industrial Property

      150,000 SF Manufacturing Space, Vacant
      700 Railroad Ave, Kings Mountain, NC 28086
      View Details
    • $4,900,000
      46.90 Acres

      Kings Mountain Estate Land - 46 Acres

      Secluded acreage, ideal for large estate. 46+ acres, lake included.
      1967 Bethlehem Rd, Kings Mountain, NC 28086
      View Details
    • $1,000,500
      18.55 Acres

      Kings Mountain Commercial Land

      18.55 Acres, High Visibility, Hwy 74 Frontage
      5139 Dixon Blvd, Kings Mountain, NC 28086
      View Details
    • Contact for pricing
      211.00 Acres

      Kings Mountain Industrial Land

      ±211 acres, Highway 74 frontage
      0 Us-74, Kings Mountain, NC 28086
      View Details
    • $890,000
      7.12 Acres

      Kings Mountain Industrial Land

      7.12 Acres, I-85 Visibility
      540 Canterbury Rd, Kings Mountain, NC 28086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      282,640 SF

      Kings Mountain Industrial Distribution Center

      Large industrial space, ideal for manufacturing & distribution.
      540 Canterbury Rd, Kings Mountain, NC 28086
      View Details
    • $7 SF/Yr
      18,000 SF

      Hawthorne Road Industrial Warehouse

      18,000 SF Warehouse, Kings Mountain, NC
      212 Hawthorne Rd, Kings Mountain, NC 28086
      View Details
    • Contact for pricing

      Retail Outparcels Near Two Kings Casino

      Retail pads near future casino with high traffic and visibility.
      Dixon School Rd, Kings Mountain, NC 28086
      View Details
    • $14 SF/Yr
      3,600 SF

      Retail Property with Drive-Thru

      Retail property with drive-thru, suitable for various business concepts.
      704 York Rd, Kings Mountain, NC 28086
      View Details
    • $300,000
      2,260 SF

      Versatile Building in Kings Mountain

      Multi-purpose building in Kings Mountain offering endless possibilities.
      104 N Dilling St, Kings Mountain, NC 28086
      View Details
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    120 Oveda Ct
    Kings Mountain, NC 28086
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    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
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