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    Property profile & analytics

    633 Patterson St China Grove, NC 28023

    • Data centers and call centers
    • 1,476 SF
    • 2.79 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-2114737
    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

    • Wrna / Radio Broadcaster

    Property Details for 633 Patterson St

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    2.79 lot acres
    Property size
    1,476 SF
    Zone code
    OI:OFFICE INSTITUTIONAL
    Property type
    Data centers and call centers
    APN
    123A135
    APU
    123A135

    Description

    This exceptional 2.79-acre commercial land parcel, located at 633 Patterson St, China Grove, NC 28023 (APN 5626-02-77-5061), presents a unique investment opportunity. Currently zoned OI, the property houses a commercial office building utilized by local radio stations, featuring existing antennas. These antennas could be removed by the seller or potentially repurposed for cell tower use, subject to necessary permits. The property's strategic location offers close proximity to China Grove's Main Street and is enveloped by established residential neighborhoods. Given its current zoning and surrounding context, the highest and best use for this property is likely redevelopment into a small residential neighborhood, presenting significant potential for future growth and value appreciation. The property's size and location make it an attractive prospect for developers seeking to capitalize on the demand for residential housing in this desirable area. Serious inquiries are encouraged to explore the possibilities of this prime piece of land.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    China Grove
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5888
    Latitude
    35.5723
    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
    $2,760
    $168,867
    $86,734
    $255,601
    -
    $168,867
    $86,734
    $255,601

    Comparable in this City

    • Value Estimation
      $435,000
      1,500 SF

      3505 Lipe Rd

      RADIO OR TV STATION • 1,500 SF
      3505 Lipe Rd, China Grove, NC 28023
      View Details
    • Value Estimation by Request
      1,640 SF

      1350 Main St

      OFFICE BUILDING • 1,640 SF
      1350 Main St, China Grove, NC 28023-5648
      View Details
    • Value Estimation by Request
      4,381 SF

      312 Centerview St

      MEDICAL BUILDING • 4,381 SF
      312 Centerview St, China Grove, NC 28023-2553
      View Details
    • Value Estimation
      $260,000
      1,189 SF

      1435 Main St

      OFFICE BUILDING • 1,189 SF
      1435 Main St, China Grove, NC 28023-8445
      View Details
    • Value Estimation by Request
      616 SF

      113 Main St

      OFFICE BUILDING • 616 SF
      113 Main St, China Grove, NC 28023-2527
      View Details
    • Value Estimation by Request
      1,620 SF

      265 Tranquil Lk Dr

      OFFICE BUILDING • 1,620 SF
      265 Tranquil Lk Dr, China Grove, NC 28023-8574
      View Details

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    China Grove, NC 28023
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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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