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    2698 Mccormick Hwy Lincolnton, GA 30817
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    2698 Mccormick Hwy Lincolnton, GA 30817

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    • Commercial land
    For Sale
    $150,000
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    Prime Commercial Land Opportunity For Sale
    $150,000

    Prime Commercial Land Opportunity

    2.01-acre commercial property in Lincolnton, Georgia with high visibility.

    2698 McCormick Hwy, Lincolnton, GA 30817
    View Listing
    Property ID
    US22-3481207
    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

    • Scott Bridge Co / Construction Company

    Property Details for 2698 Mccormick Hwy

    Property type
    Commercial land
    Property subtype
    Retail space

    Description

    Discover boundless potential at 2698 McCormick Hwy, a remarkable 2.01-acre commercial property strategically located in Lincolnton, Georgia. Boasting frontage on two roads and close proximity to Clarks Hill Lake and Savannah River, this versatile space presents an unparalleled opportunity for entrepreneurs and investors seeking a strategic foothold in a high-growth area. Key Features: Strategic Location: Enjoying frontage on two roads, this property offers high visibility and easy access, ensuring it stands out as a premier destination for both locals and passersby. It's perfectly poised to capture a diverse customer base. Expansive Lot: Spanning an impressive 2.01 acres, this property provides ample space for customization and expansion, allowing you to bring your unique vision to life effortlessly. Proximity to Natural Wonders: Nestled near the picturesque Clarks Hill Lake and the majestic Savannah River, this location offers not only commercial potential but also the added charm of being in close proximity to stunning natural attractions. Surrounded by Growth: Lincolnton is experiencing a surge in development, with a thriving local economy and a steady influx of new residents. This property is strategically positioned to capitalize on this upward trend. Investment Potential: With its prime location, versatile layout, and significant lot size, this property offers a compelling investment opportunity. Whether you're a seasoned investor or a first-time buyer, this is a chance to secure a piece of Lincolnton's flourishing commercial landscape. Potential Usage: Ideal for retail spaces, restaurants, offices, or a combination of these. The flexible zoning allows for a wide range of commercial ventures. Seize the opportunity to establish your business in this thriving community. Schedule a viewing today to experience firsthand the potential that 2698 McCormick Hwy holds for your venture. Don't miss out on

    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
    Lincolnton
    County
    Lincoln
    State
    Georgia
    Longitude
    -82.40836
    Latitude
    33.84535

    Comparable in this City

    • Contact for pricing

      2.01 Acre Commercial Property

      Commercial property in Lincolnton, Georgia, near Clarks Hill Lake.
      2698 Mccormick Hwy/ Hwy 378, Lincolnton, GA 30817
      View Details
    • $999,900

      Prime Commercial Opportunity in Lincolnton

      High-visibility commercial property in a growing recreational area.
      111 Main St, Lincolnton, GA 30817
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    • $700,000
      3.04 Acres

      Commercial Land with Office Space

      3.04 acres with 3,754 SF office space in Lincolnton, GA.
      286 S Peachtree St, Lincolnton, GA 30817
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    • Contact for pricing
      20,000 SF

      20,000 SF Warehouse/Office Space

      3.76-acre property with warehouse/office space in Lincoln County Business Park.
      1002 Commerce Dr, Lincolnton, GA 30817
      View Details
    • $795,000
      6,120 SF

      Historic Mixed-Use Building in Lincolnton

      Revitalized commercial building with four income-producing spaces in downtown Lincolnton.
      105 Washington St, Lincolnton, GA 30817
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      8,000 SF

      Lincolnton Retail Space For Sale

      8,000 SqFt retail space with 9.00% CAP rate.
      675 Elm St, Lincolnton, GA 30817
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      2.01 Acre Commercial Property

      Commercial property in Lincolnton, Georgia, near Clarks Hill Lake.
      2698 Mccormick Hwy/ Hwy 378, Lincolnton, GA 30817
      View Details
    • $999,900

      Prime Commercial Opportunity in Lincolnton

      High-visibility commercial property in a growing recreational area.
      111 Main St, Lincolnton, GA 30817
      View Details
    • $700,000
      3.04 Acres

      Commercial Land with Office Space

      3.04 acres with 3,754 SF office space in Lincolnton, GA.
      286 S Peachtree St, Lincolnton, GA 30817
      View Details
    • $795,000
      6,120 SF

      Historic Mixed-Use Building in Lincolnton

      Revitalized commercial building with four income-producing spaces in downtown Lincolnton.
      105 Washington St, Lincolnton, GA 30817
      View Details
    • Contact for pricing
      20,000 SF

      20,000 SF Warehouse/Office Space

      3.76-acre property with warehouse/office space in Lincoln County Business Park.
      1002 Commerce Dr, Lincolnton, GA 30817
      View Details
    • Contact for pricing
      8,000 SF

      Lincolnton Retail Space For Sale

      8,000 SqFt retail space with 9.00% CAP rate.
      675 Elm St, Lincolnton, GA 30817
      View Details
    View Listing
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    Lincolnton, GA 30817
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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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