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    Property profile & analytics

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

    • Distribution centers
    • 51,686 SF
    • 30.01 lot acres
    OFF-MARKET
    Value Estimation
    $3,400,000
    Last Sale
    Apr 22, 2022
    $3,950,000
    Location Intelligence
    Property ID
    US53-5260972
    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
    30.01 lot acres
    Property size
    51,686 SF
    Zone code
    IND
    Property type
    Distribution centers
    APN
    5555 51 2622
    APU
    5555512622

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,760,000
      6.5%
      $3,895,000
      7%
      $3,645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,490,000
      Geo Method
      $3,920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,385,000
      Retail
      $4,190,000
      Mixed-Use
      $4,145,000
      Hospitality
      $3,730,000
      Educational
      $3,315,000
      Residential Income
      $4,370,000
      Energy
      $3,290,000
      Income-Based Land
      $3,845,000
      Food Service
      $3,285,000

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.489201
    Latitude
    35.254252
    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
    2024
    $28,319
    $997,430
    $2,651,910
    $3,649,340
    -
    $997,430
    $2,651,910
    $3,649,340

    Comparable in this City

    • Value Estimation by Request
      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

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      34.65 Acres

      Hwy 601 & Wallace Rd Land

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      View Details
    • Contact for pricing

      382 AC Land on Hwy

      382 acres of land available along Highway 200.
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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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    • Contact for pricing
      2 SF

      Commercial Lots in Growing Submarket

      0.4-2.7 acre commercial lots available for ground lease or sale.
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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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