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    Property profile & analytics

    40205 Nc 740th Hwy New London, NC 28127-9677

    • Auto shops
    • 736 SF
    • 3.01 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 26, 2023
    Location Intelligence
    Property ID
    US53-4086491
    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.

    Current Use by Public Records

    • Auto shops

    Property Details for 40205 Nc 740th Hwy

    Year built
    1950
    Lot size
    3.01 lot acres
    Property size
    736 SF
    Zone code
    H-B
    Property type
    Auto shops
    APN
    666103222162
    APU
    666103222162

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.1334
    Latitude
    35.4268
    CBSA code
    10620
    CBSA name
    ALBEMARLE, 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
    $108
    $15,576
    $0.00
    $15,576
    -
    $15,576
    $0.00
    $15,576

    Comparable in this City

    • Value Estimation
      $50,000
      8,187 SF

      36802 Auto Dr

      AUTO REPAIR, GARAGE • 8,187 SF
      36802 Auto Dr, New London, NC 28127-8594
      View Details
    • Value Estimation by Request
      2,288 SF

      40007 Maners Cir

      AUTO REPAIR, GARAGE • 2,288 SF
      40007 Maners Cir, New London, NC 28127-9301
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    • Value Estimation by Request
      1,960 SF

      32408 Austin Rd

      AUTO REPAIR, GARAGE • 1,960 SF
      32408 Austin Rd, New London, NC 28127-7735
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    • Value Estimation by Request
      1,600 SF

      317 Steakhouse Rd

      AUTO REPAIR, GARAGE • 1,600 SF
      317 Steakhouse Rd, New London, NC 28127-6773
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    • Value Estimation
      $375,000
      14,240 SF

      44166 Nc 8th Hwy

      AUTO REPAIR, GARAGE • 14,240 SF
      44166 Nc 8th Hwy, New London, NC 28127-8654
      View Details
    • Value Estimation by Request
      2,100 SF

      Yadkin Brick Rd

      AUTO REPAIR, GARAGE • 2,100 SF
      Yadkin Brick Rd, New London, NC 28127
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    New London, NC 28127-9677
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    Realmo Value Estimation

    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.

    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.

    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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