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    6309 Secrest Shortcut Rd Indian Trail, NC 28079
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    6309 Secrest Shortcut Rd, Indian Trail, NC 28079

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    • Commercial real estate
    • 13.30 lot acres
    For Sale
    $3,175,000
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    Land Near Monroe Expressway For Sale
    $3,175,000
    13.30 Acres

    Land Near Monroe Expressway

    Commercial land available near the Monroe Expressway.

    6309 Secrest Short Cut Rd, Indian Trail, NC
    View Listing
    Property ID
    US53-3443778
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6309 Secrest Shortcut Rd

    Lot size
    13.30 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 13.3-acre commercial land parcel presents a unique investment opportunity in the thriving Union County, North Carolina. Located at 6309 Secrest Short Cut Rd, Lake Park, NC 28079, this property boasts a highly desirable location with easy access to major transportation routes, making it ideal for a wide range of commercial developments. The expansive lot size offers ample space for various projects, from retail centers and office complexes to light industrial facilities or warehousing. The property's address is officially listed as 6309 Secrest Short Cut Rd, within the city limits of Lake Park, though the city verified in the county records is Indian Trail, NC. Its strategic location within Union County provides access to a robust and growing population base, ensuring strong potential for future growth and return on investment. The asking price for this exceptional commercial land is $3,175,000. Serious inquiries are encouraged to explore the possibilities this prime location offers. Detailed site surveys and environmental reports are available upon request. Don't miss this chance to acquire a significant piece of commercial real estate in a rapidly developing area. The latitude and longitude coordinates are 35.0770942, -80.6145975 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.6145975
    Latitude
    35.0770942

    Comparable in this City

    • $1,500,000
      22.00 Acres

      22 Acres Ideal Development Land

      Corner lot suitable for a small shopping center.
      109 Brief Rd W, Fairview, NC 28079
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      Land Near Signalized Intersection

      Commercial land parcel near major roads and residential areas.
      3314 Unionville - Indian Trl Rd W, Indian Trail, NC 28079
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      Prime Commercial Land Opportunity

      3+ acre commercial land near US-74 Indian Trail Bypass.
      Gribble Rd, Stallings, NC 28079
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      Land Near Monroe Expressway

      Land with utilities near the Monroe Expressway in Indian Trail.
      6125 Bonterra Vlg Way, Indian Trail, NC 28079
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      Land Near Monroe Expressway

      Land parcel near signalized intersection and Monroe Expressway.
      Secrest Shortcut Rd, Indian Trail, NC 28079
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    • Contact for pricing

      5.417 Acres Zoned B4, R20

      5.417 acres of land zoned B4 and R20.
      7619 Secrest Shortcut Rd, Indian Trail, NC 28079
      View Details

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      Wooded Lot Near Interstate

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      Residential Lot in Rushing Park

      Generously sized lot in a convenient, peaceful neighborhood with no HOA.
      118A Cherokee Ln, Indian Trail, NC 28079
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      Land Near Monroe Expressway

      Land available near a signalized intersection with intent to rezone.
      6415 Secrest Shortcut Rd, Indian Trail, NC 28079
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      Land Near Monroe Expressway

      Land with electric and water near the Monroe Expressway.
      3024 Unionville Indian Trail Rd W, Indian Trail, NC 28079
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      Industrial Development Land in Indian Trail

      New industrial development with warehouse and office space for sale.
      215-221 Garmon Rd, Indian Trail, NC 28079
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      Land Close to Signalized Intersection

      Land near intersection and expressway, intent to rezone.
      6217 Secrest Shortcut Rd, Indian Trail, NC 28079
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    Similar Nearby for Lease

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      Former Pharmacy Retail/Office Opportunity

      10,125 SF former pharmacy on 1.756 acres for rent.
      4300 Old Monroe Rd, Indian Trail, NC 28079
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      Land For Rent, Indian Trail

      Land available for rent in Indian Trail, North Carolina.
      305 Chestnut Pkwy, Indian Trail, NC 28079
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      Land for Lease in Indian Trail

      Approximately 1.756 acres of land available for lease.
      4300 Old Monroe Rd, Indian Trail, NC 28079
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      Industrial Development Opportunity

      7.439 AC site with proposed 61,800 SF industrial space.
      215 Garmon Rd, Indian Trail, NC 28079
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      1,200 SF

      Retail Space on Independence Blvd

      Retail spaces available in high-growth Indian Trail market.
      13719 E Independence Blvd, Indian Trail, NC 28079
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      3,664 SF

      Office Space for Lease

      Office suites available with customization options and ample parking.
      6040-6068 Highway 74 W, Indian Trail, NC 28079
      View Details
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    Indian Trail, NC 28079
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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