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    Property profile & analytics

    5047 Hwy 24th 27th E Midland, NC 28107-5762

    • Distribution centers
    • 51,686 SF
    • 30.25 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 09, 2023
    Location Intelligence
    Property ID
    US53-2895847
    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

    • Srs Acquaisition corporation / Distribution Service
    • SRS Building Products / Building Materials Supplier / Wholesaler

    Property Details for 5047 Hwy 24th 27th E

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    30.25 lot acres
    Property size
    51,686 SF
    Zone code
    IND
    Property type
    Distribution centers
    APN
    5555 51 3993
    APU
    5555513993

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.49
    Latitude
    35.2565
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN 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
    2023
    $29,635
    $729,140
    $2,357,820
    $3,086,960
    -
    $729,140
    $2,357,820
    $3,086,960

    Comparable in this City

    • Value Estimation
      $3,400,000
      51,686 SF

      5047 Hwy 24th 27th E

      DISTRIBUTION WAREHOUSE • 51,686 SF
      5047 Hwy 24th 27th E, Midland, NC 28107-5762
      View Details
    • Value Estimation by Request
      1.00 Acre

      14175 Hwy 601us

      INDUSTRIAL (GENERAL) • 1.00 Acre
      14175 Hwy 601us, Midland, NC 28107-9457
      View Details
    • Value Estimation by Request
      1.00 Acre

      Bill Mcgee Rd

      INDUSTRIAL (GENERAL) • 1.00 Acre
      Bill Mcgee Rd, Midland, NC 28107
      View Details
    • Value Estimation by Request
      225.00 Acres

      4855 Garmon Ml Rd

      INDUSTRIAL (GENERAL) • 225.00 Acres
      4855 Garmon Ml Rd, Midland, NC 28107-6739
      View Details
    • Value Estimation by Request
      16.05 Acres

      3375 Wallace Rd

      INDUSTRIAL (GENERAL) • 16.05 Acres
      3375 Wallace Rd, Midland, NC 28107
      View Details
    • Value Estimation by Request
      9.41 Acres

      Hwy 601 & Wallace Rd

      Land • 9.41 Acres
      0 Hwy 601 & Wallace Rd, Midland, NC 28107
      View Details

    Similar Nearby for Sale

    • $2,945,560
      34.65 Acres

      Hwy 601 & Wallace Rd Land

      ±34.65 acres Commercial/Industrial Land
      0 Wallace Rd, Midland, NC 28107
      View Details
    • Contact for pricing

      382 AC Land on Hwy

      382 acres of land available along Highway 200.
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    • $5,000,000
      25 SF

      Prime Commercial Land Opportunity

      25.98-acre commercial land in growing Midland and Mint Hill corridor.
      Midland, NC 28107
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    • $335,000
      0.12 Acres

      New Midland Office/Retail Space

      New 1,285 SF office/retail space in Midland, NC.
      4470 Kingsbury Rd, Midland, NC 28107
      View Details
    • New
      $59,900
      1.00 Acre

      One Acre Lot in Midland

      One acre commercial lot in Midland, North Carolina.
      11484 Bethel Church Rd, Midland, NC 28107
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    • $2,945,560

      Cabarrus County Land For Sale

      Land in Cabarrus County with rail service and utilities.
      Wallace Rd, Midland, NC 28107
      View Details
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    Midland, NC 28107-5762
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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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