Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    129 Honeycutt Rd Troutman, NC 28166-7610
    Back to Search
    Property profile & analytics

    129 Honeycutt Rd Troutman, NC 28166-7610

    View on Map
    • Flex space
    • 26,660 SF
    • 26.54 lot acres
    Off-Market
    Property ID
    US53-2319492
    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.
    Value Estimations
    $2,390,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 129 Honeycutt Rd

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    26.54 lot acres
    Property size
    26,660 SF
    Zone code
    M2
    Property type
    Flex space
    APN
    4730-35-7001.000
    APU
    4730357001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,930,000
      6.5%
      $2,700,000
      7%
      $2,510,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,980,000
      Current use
      AUTO REPAIR, GARAGE
      $3,155,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Troutman
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.9072
    Latitude
    35.672
    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
    2023
    $14,995
    $769,570
    $1,729,570
    $2,499,140
    -
    $769,570
    $1,729,570
    $2,499,140

    Comparable in this City

    • Value Estimation by Request
      200,000 SF

      2002 Empire Ln

      Flex space • 200,000 SF
      2002 Empire Ln, Troutman, NC 28166
      View Details
    • Value Estimation
      $740,000
      14,400 SF

      344 Fld Dr

      LIGHT INDUSTRIAL • 14,400 SF
      344 Fld Dr, Troutman, NC 28166-9737
      View Details
    • Value Estimation
      $4,135,000
      50,288 SF

      130 Rimmer Farm Rd

      LIGHT INDUSTRIAL • 50,288 SF
      130 Rimmer Farm Rd, Troutman, NC 28166
      View Details
    • Value Estimation by Request
      100,000 SF

      1003 Utica Ct

      Flex space • 100,000 SF
      1003 Utica Ct, Troutman, NC 28166
      View Details
    • Value Estimation by Request
      18,000 SF

      183 Utica Ct

      Flex space • 18,000 SF
      183 Utica Ct, Troutman, NC 28166
      View Details
    • Value Estimation
      $1,670,000
      49,441 SF

      694 Main St

      LIGHT INDUSTRIAL • 49,441 SF
      694 Main St, Troutman, NC 28166-8529
      View Details

    Similar Nearby for Sale

    • $155,000
      0.70 Acres

      Residential Land in Troutman, NC

      Pristine lot for dream home near Mooresville, Statesville, Charlotte.
      134 Honeycutt Rd, Troutman, NC 28166
      View Details
    • $2,290,000
      5.50 Acres

      Troutman Land Near County Facilities

      Almost 6 acres in Troutman near rec center and fairgrounds.
      694 N Main St, Troutman, NC 28166
      View Details
    • $50,000
      1.50 Acres

      Wooded Land Near Charlotte

      1.5 acre wooded lot near Charlotte and Lake Norman.
      Carlyle Rd, Troutman, NC 28166
      View Details
    • $85,000
      0.35 Acres

      Residential Lot in Growing Troutman

      Spacious lot in Troutman, close to amenities and Lake Norman.
      340 Field Dr, Troutman, NC 28166
      View Details
    • $35,000
      Pending

      2.78 Acre Wooded Land Parcel

      Secluded 2.78 acre wooded lot near Troutman and Mooresville.
      Carlyle Rd, Troutman, NC 28166
      View Details
    • $200,000
      2.84 Acres

      Land in Troutman, North Carolina

      2.84 acres of wooded land bordering ESC park.
      Bradburn St, Troutman, NC 28166
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      301,000 SF

      Distribution Facility in Iredell County

      301,000 SF distribution facility with easy highway access.
      279 Old Murdock Rd, Troutman, NC 28166
      View Details
    • Contact for pricing

      2.6 Acres Near I-77 Exit

      2.6 acres for ground lease near I-77 in Troutman.
      S Main St, Troutman, NC 28166
      View Details
    • $2,500 /Mo

      Land Lease Opportunity in Troutman

      Land for lease in fast-growing Troutman, near shopping center.
      539 North Main St, Troutman, NC 28166
      View Details
    • $225,625
      242,978 SF

      Troutman Commercial Land Opportunity

      Almost 6 acres in the heart of Troutman, North Carolina.
      694 N Main St, Troutman, NC 28166
      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.
    129 Honeycutt Rd
    Troutman, NC 28166-7610
    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
    129 Honeycutt Rd, Troutman, NC, 28166
    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!