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    172 Oak Grove Church Rd Mount Airy, NC 27030
    Property profile & analytics

    172 Oak Grove Church Rd, Mount Airy, NC 27030

    View on Map
    • Commercial real estate
    • 28.00 lot acres
    Off-Market
    Property ID
    US53-4717054
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 172 Oak Grove Church Rd

    Lot size
    28.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 28-acre commercial land parcel presents a remarkable investment opportunity in Mount Airy, North Carolina. Strategically located across from a newly constructed Sheetz Fuel distribution center, this property enjoys unparalleled visibility and accessibility. The site's location at the intersection of two major highways ensures high traffic volume and convenient access for businesses and customers. Its zoning allows for a diverse range of commercial and industrial uses, making it ideal for a variety of development projects. Whether you envision a large-scale industrial facility, a retail center, or a mixed-use development, this property offers the space and strategic location to succeed. The expansive acreage provides ample room for expansion and future growth. The property's proximity to major transportation arteries facilitates efficient logistics and distribution, making it an attractive option for businesses requiring easy access to regional and national markets. This is a rare opportunity to acquire a significant land holding in a rapidly developing area with excellent potential for substantial returns. The address is 172 Oak Grove Church Rd, Mount Airy, NC 27030, situated in Surry County. The asking price is $2,299,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Surry
    State
    North Carolina
    Longitude
    -80.755938178246
    Latitude
    36.48155936095

    Comparable in this City

    • $1,250,000
      Pending

      Mount Airy Industrial Land Available

      24.86 acres of industrial land with shop building.
      238 Old Highway 601, Mount Airy, NC 27030
      View Details
    • Contact for pricing

      Mount Airy Warehouse Redevelopment Opportunity

      Three warehouse buildings on a 0.268-acre lot for sale.
      298 Pipers Gap Rd, Mount Airy, NC 27030
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      Turnkey Data Center with Power

      Ready data center with substantial power and infrastructure.
      564 Piedmont Triad West Dr, Mount Airy, NC 27030
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    • $474,900
      12,450 SF

      Versatile Multi-Use Property in Mount Airy

      Unique property with church, home, and metal buildings on 4 acres.
      259 Belvue Dr, Mount Airy, NC 27030
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      Mount Airy Commercial Land Opportunity

      5+ acre commercial property in high-traffic, high-visibility location.
      4285 W Pine St, Mount Airy, NC 27030
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    • $30,000

      Land For Sale

      Land available for sale in Mount Airy, North Carolina.
      226 Hamburg St, Mount Airy, NC 27030
      View Details

    Similar Nearby for Sale

    • $1,250,000
      Pending

      Mount Airy Industrial Land Available

      24.86 acres of industrial land with shop building.
      238 Old Highway 601, Mount Airy, NC 27030
      View Details
    • Contact for pricing

      Mount Airy Warehouse Redevelopment Opportunity

      Three warehouse buildings on a 0.268-acre lot for sale.
      298 Pipers Gap Rd, Mount Airy, NC 27030
      View Details
    • Contact for pricing

      Turnkey Data Center with Power

      Ready data center with substantial power and infrastructure.
      564 Piedmont Triad West Dr, Mount Airy, NC 27030
      View Details
    • $474,900
      12,450 SF

      Versatile Multi-Use Property in Mount Airy

      Unique property with church, home, and metal buildings on 4 acres.
      259 Belvue Dr, Mount Airy, NC 27030
      View Details
    • Contact for pricing

      Mount Airy Commercial Land Opportunity

      5+ acre commercial property in high-traffic, high-visibility location.
      4285 W Pine St, Mount Airy, NC 27030
      View Details
    • $30,000

      Land For Sale

      Land available for sale in Mount Airy, North Carolina.
      226 Hamburg St, Mount Airy, NC 27030
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Downtown Mount Airy Office Space

      Office space for rent in downtown Mount Airy.
      541 North Main St, Mount Airy, NC 27030
      View Details
    • Contact for pricing

      Medical/Office Space Available For Rent

      Medical/office space featuring multiple offices, waiting room, and restrooms.
      1008 Old Rockford St, Mount Airy, NC 27030
      View Details
    • Contact for pricing

      Enclosed Regional Mall For Lease

      Only enclosed regional mall within 40 miles for lease.
      388 Frederick St, Mount Airy, NC 27030
      View Details
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    Mount Airy, NC 27030
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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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