Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Dr Martin Luther King Jr Way Dallas, NC 28034

    • Industrial properties
    • 34,515 SF
    • 5.02 lot acres
    OFF-MARKET
    Last Sale
    Nov 19, 2020
    $145,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4786989
    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

    • Industrial properties

    Property Details for Dr Martin Luther King Jr Way

    Year built
    2021
    Lot size
    5.02 lot acres
    Property size
    34,515 SF
    Property type
    Industrial properties
    APN
    224424
    APU
    224424

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1815
    Latitude
    35.2786
    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
    $16,519
    $150,600
    $1,394,630
    $1,545,230
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,715,000
      176,657 SF

      2925 Chief Ct

      INDUSTRIAL (GENERAL) • 176,657 SF
      2925 Chief Ct, Dallas, NC 28034-9562
      View Details
    • Value Estimation by Request
      1,960 SF

      110 Durkee Ln

      INDUSTRIAL (GENERAL) • 1,960 SF
      110 Durkee Ln, Dallas, NC 28034-9793
      View Details
    • Value Estimation by Request
      3,840 SF

      709 Willow St

      INDUSTRIAL (GENERAL) • 3,840 SF
      709 Willow St, Dallas, NC 28034-2328
      View Details
    • Value Estimation by Request
      5,600 SF

      842 Lowr Dallas Hwy

      INDUSTRIAL (GENERAL) • 5,600 SF
      842 Lowr Dallas Hwy, Dallas, NC 28034
      View Details
    • Value Estimation by Request
      5,000 SF

      3934 Puetts Chapel Rd

      INDUSTRIAL (GENERAL) • 5,000 SF
      3934 Puetts Chapel Rd, Dallas, NC 28034
      View Details
    • Value Estimation
      $685,000
      45,858 SF

      218 Rhyne St

      INDUSTRIAL (GENERAL) • 45,858 SF
      218 Rhyne St, Dallas, NC 28034
      View Details

    Similar Nearby for Sale

    • $1,400,000
      24,570 SF

      Industrial Property with Multiple Buildings

      24,570 SF industrial property on 3 acres for sale.
      3507 Dallas High Shl Hwy, Dallas, NC 28034
      View Details
    • $149,900
      1.11 Acres

      Development Land in Dallas, NC

      Three parcels of land totaling 1.11 acres in Dallas, NC.
      Hoyle St, Dallas, NC 28034
      View Details
    • Contact for pricing

      Residential Lot in Summey Knolls

      Lot in cul-de-sac with recent survey and stakes.
      00 Summey Farm Dr, Dallas, NC 28034
      View Details
    • Contact for pricing

      1.46 Acre Retail Outparcel

      1.46 acre rough graded outparcel for retail development.
      1436 Lower Dallas Hwy, Dallas, NC 28034
      View Details
    • $689,500
      15.46 Acres

      Three Dallas Properties on 15+ Acres

      Three properties totaling 15.46 acres, suitable for development.
      651 Dallas Stanley Hwy, Dallas, NC 28034
      View Details
    • Contact for pricing
      3,546 SF

      Retail Bank on 1.17 Acres

      3,546 SF retail bank on 1.17 acre lot.
      1018 Dallas Cherryville Hwy, Dallas, NC 28034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Pad Site For Lease

      Pad site for lease with high traffic and road exposure.
      702 N Walnut St, Dallas, NC 28034
      View Details
    • Contact for pricing

      Dallas, NC Commercial Land Opportunity

      2.24 Acres, Prime Commercial Location
      0 Walnut St, Dallas, NC 28034
      View Details
    • Contact for pricing

      Retail Pad Site Opportunity

      Retail pad site for lease in Dallas, North Carolina.
      Dallas, NC 28034
      View Details
    • $2,250 /Mo
      1,433 SF

      55+ Community Ranch-Style Rental Homes

      New 2-3 bedroom ranch-style rental homes in Dallas, NC.
      1302 Dallas Cherryville Hwy, Dallas, NC 28034
      View Details
    • Contact for pricing
      80,540 SF

      Windsor Center Retail Space For Lease

      Dallas, NC Strip Center - Multiple Spaces Available
      3130 Dallas High Shl Hwy, Dallas, NC 28034
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Dr Martin Luther King Jr Way
    Dallas, NC 28034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.