Property profile

2847 Hwy 24th 27th E Midland, NC 28107

OFF-MARKET
Commercial real estate
Property ID
US53-3264381
2.85 ac lot
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.85 ac (124,146 SF)
Zoning code C 24/27
APN 5544 49 4790
UPID US53-3264381

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2847 Hwy 24th 27th E Midland, NC 28107-6449
Midland metro Census 41604 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2023
Last sale
$950,000
1 recorded transaction
2023
$167,000

Zoning & alternative use

C 24/27 · Midland, NC
Zoning description

The Commercial District (C 24/27) is established to provide opportunities for compatible and sustainable development where the dominant mode of transportation is the automobile. The auto-oriented street, lot, and buildin…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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