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    221 W Dixon Blvd Shelby, NC 28152
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    Property profile & analytics

    221 W Dixon Blvd Shelby, NC 28152

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    • Commercial land
    • 0.57 lot acres
    For Sale
    $250,000
    View Listing →
    Commercial Land on Highway 74 For Sale
    $250,000
    0.57 Acres

    Commercial Land on Highway 74

    0.57 acre commercial land with high visibility on Highway 74.

    221 W Dixon Blvd, Shelby, NC 28152
    View Listing
    Property ID
    US53-2584168
    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 land

    Property Details for 221 W Dixon Blvd

    Lot size
    0.57 lot acres
    Zone code
    GB
    Property type
    Commercial land
    APN
    19615
    APU
    19615

    Description

    This exceptional 0.57-acre commercial land parcel presents a remarkable investment opportunity in Shelby, North Carolina. Located at 221 W Dixon Blvd, this property boasts unparalleled visibility and accessibility due to its strategic placement along Highway 74, a major thoroughfare experiencing a high daily traffic volume of 33,500 vehicles. The property is zoned for General Business use, opening doors to a wide array of development possibilities. Its prime location is further enhanced by its proximity to a vibrant retail landscape, including established businesses such as Lowe's, Aldi, Walgreens, Wendy's, McDonald's, and Arby's, ensuring high foot traffic and brand recognition. The Cleveland County Parcel ID is 19615. This exceptional location, combined with the generous lot size and favorable zoning, makes this property an ideal choice for entrepreneurs and investors seeking a high-impact commercial venture. The asking price for this exceptional opportunity is $250,000. Don't miss this chance to secure a prominent location in a thriving commercial area. Contact us today to learn more.

    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
    Shelby
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.5476
    Latitude
    35.2799
    CBSA code
    43140
    CBSA name
    SHELBY, NC MICROPOLITAN 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
    $1,496
    $124,145
    $0.00
    $124,145
    -
    $124,145
    $0.00
    $124,145

    Comparable in this City

    • Value Estimation by Request

      Dixon Blvd

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      Dixon Blvd

      VACANT COMMERCIAL LAND • 1.60 Acres
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      0.72 Acres

      105 Embert Ln, Unit 1

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      0.50 Acres

      2234 Hoey Church Rd

      VACANT COMMERCIAL LAND • 0.50 Acres
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      0.63 Acres

      931 Lafayette St

      VACANT COMMERCIAL LAND • 0.63 Acres
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      0.05 Acres

      Lafayette St

      VACANT COMMERCIAL LAND • 0.05 Acres
      Lafayette St, Shelby, NC 28152
      View Details

    Similar Nearby for Sale

    • $250,000

      Commercial Land on Highway 74

      0.57 acre commercial land with high visibility on Highway 74.
      221 W Dixon Blvd, Shelby, NC 28152
      View Details
    • $93,500

      Vacant Commercial Lot Opportunity

      Vacant commercial lot near shops, restaurants, and university.
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      Kings Road Development Opportunity

      Nearly 4-acre GB2 zoned property with development potential.
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      Corner Lot Near Shelby School

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      Commercial Land Near Gardner Webb

      Commercial land near university campus with B-1 zoning.
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      Commercial Land Along Dixon Blvd

      Contiguous commercial land available along a highly-trafficked corridor.
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    Similar Nearby for Lease

    • Contact for pricing
      Pending

      Shelby Manufacturing/Industrial Space Available

      Manufacturing and industrial space available for rent in Shelby.
      4401 E Dixon Blvd, Shelby, NC 28152
      View Details
    • $6 SF/Yr
      13,516 SF

      Retail Space in Shelby, NC

      Retail property available for lease in Shelby, North Carolina.
      1404 S Lafayette St, Shelby, NC 28152
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    View Listing
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    Shelby, NC 28152
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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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