4420 Garmon Ml Rd Midland, NC 28107-6736
The Old Midland District (OM) provides for new development, revitalization, reuse, and infill development in Midlands core downtown. The intent of this district is to allow for residential, civic, shop-front, and urban workplace development. A broad array of uses is permitted to enable the needs of residents and visitors to be met. Allowed building/lot types…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OM · Midland, NCThe Old Midland District (OM) provides for new development, revitalization, reuse, and infill development in Midlands core downtown. The intent of this district is to allow for residential, civic, shop-front, and urban workplace development. A broad array of uses is permitted to enable the needs of residents and visitors to be met. Allowed building/lot types in this district are Urban Workplace, Shop-front, Detached House and Civic Building. The development pattern seeks to integrate shops, restaurants, services, work places, civic, educational, and religious facilities in a pedestrian-oriented environment. The Old Midland District serves as the hub of the surrounding neighborhoods and of the broader community. The Old Midland District may be expanded over time to meet the needs of the growing community for downtown facilities and services. Expansion of the Old Midland District shall be contiguous and not separated from the primary district area.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.