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    Property profile & analytics

    12402 Grey Commercial Rd Midland, NC 28107-9400

    • Warehouses
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 10, 2022
    $500
    Location Intelligence
    Property ID
    US53-5245287
    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

    • Warehouses

    Property Details for 12402 Grey Commercial Rd

    Lot size
    0.84 lot acres
    Zone code
    GC
    Property type
    Warehouses
    APN
    5524 58 8582
    APU
    5524588582

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5881
    Latitude
    35.2467
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $420
    $0.00
    $420
    -
    $420
    $0.00
    $420

    Comparable in this City

    • Value Estimation by Request
      6,506 SF

      4041 Nc Hwy 51st E

      MINI-WAREHOUSE, STORAGE • 6,506 SF
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      View Details
    • Value Estimation
      $515,000
      6,000 SF

      181 Hwy 24th 27th W

      WAREHOUSE, STORAGE • 6,000 SF
      181 Hwy 24th 27th W, Midland, NC 28107-7418
      View Details
    • Value Estimation
      $475,000
      20,583 SF

      13650 Broadway Ave

      WAREHOUSE, STORAGE • 20,583 SF
      13650 Broadway Ave, Midland, NC 28107
      View Details
    • Value Estimation
      $375,000
      4,550 SF

      12193 Pne Blf Rd

      WAREHOUSE, STORAGE • 4,550 SF
      12193 Pne Blf Rd, Midland, NC 28107-5711
      View Details
    • Value Estimation
      $305,000
      9,000 SF

      12440 Grey Commercial Rd

      WAREHOUSE, STORAGE • 9,000 SF
      12440 Grey Commercial Rd, Midland, NC 28107-9400
      View Details
    • Value Estimation
      $640,000
      5,000 SF

      251 Hwy 24th 27th W

      WAREHOUSE, STORAGE • 5,000 SF
      251 Hwy 24th 27th W, Midland, NC 28107-7505
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      130,680 SF

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    • $1,550 /Mo
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      Remodeled Office Space For Lease

      Newly remodeled office space with flexible lease terms available.
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    • New
      $1,600 /Mo
      161,738 SF

      Commercial Space in Midland, NC

      Office/showroom/retail space with large windows and easy access.
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    12402 Grey Commercial Rd
    Midland, NC 28107-9400
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    Realmo Value Estimation

    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.

    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.

    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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