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    Renovated Industrial Flex Property Title is generated by Realmo AI

    2028 Travis Road, Columbia, NC 27925

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    Claim this Listing
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    For Sale
    $749,900

    SINGLE_FAMILY - Columbia, NC

    Type:Office
    Property size:
    756 SF
    Lot size:
    14.00 Acres
    Price / SF:
    $991/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 2028 Travis Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    commercial
    Parking
    10
    Parking features
    Secured, Parking Lot
    Standard status
    Active
    APN
    T053 01 096
    Size
    756 SF
    Lot size
    14.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Tax Map T053 01 111A & T053 01 096
    Tax Annual Amount
    1169

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Flooring type
    Lvt/lvp
    Building materials
    Block, Brick, Brick Veneer, Steel Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Robin Hope Medlin

    Listing agent Robin Hope Medlin License #340579

    Listing office Realty One Group Navigate 5447 Hwy. 70, Suite 101, Morehead City, NC

    Listing date Jun 2, 2026

    MLS# 100578544

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated commercial site with new gravel and pavement throughout and ready for immediate use
    • Over 13 acres of usable land with space for outdoor or covered storage
    • Brand new iron security gate with keypad access and secured parking lot
    • Heavy equipment/vehicle access with ingress and egress for large vehicles or equipment
    • Steel frame and brick/block construction with shingle roof
    • Central air with heat pump and electric heating; LVT/LVP flooring

    Overview

    This fully renovated industrial flex property is designed for immediate, operational use. Improvements include new gravel and pavement throughout, along with a brand new iron security gate with keypad access. The outdoor layout provides practical staging and storage options, supported by suitable ground for heavy equipment and vehicle access, as well as ingress and egress intended for larger vehicles or equipment.

    Located at 2028 Travis Road in Columbia, North Carolina 27925, the property sits on a commercial-zoned site in Tyrrell County. With ample usable land and room for outdoor storage, it offers the flexibility many operators need when land area and access matter to day-to-day activities.

    This setup is a strong fit for users such as equipment-heavy businesses, tool or machinery rental operators, and other commercial tenants that benefit from paved outdoor working areas, secure entry, and straightforward vehicle movement. The combination of renovated surfaces, gated access, and versatile exterior space supports a range of industrial and flex applications where storage and equipment flow are priorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Church Road Emergency ... Food Bank

    Suggested Use

    Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Tyrrell
    State
    North Carolina
    Longitude
    -76.314498
    Latitude
    35.901968

    Nearby Similar for Sale

    • $350,000
      2,616 SF

      Mixed-Use Property in Downtown Columbia

      Mixed-use property with residential and commercial spaces in downtown Columbia.
      101 N Broad Street, Columbia, NC 27925
      View Details
    • $425,000
      4,524 SF

      Turn Key Restaurant Opportunity

      Restaurant with potential for residential or office space upstairs.
      302 Main Street, Columbia, NC 27925
      View Details

    FAQs

    What type of property is this?
    Flex space - Fully renovated industrial site with keypad-gated access and paved outdoor areas for equipment, storage, and fleet parking.
    Where is this flex space located?
    The property is located at 2028 Travis Road Columbia, NC.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Fully renovated commercial site with new gravel and pavement throughout and ready for immediate use; Over 13 acres of usable land with space for outdoor or covered storage; Brand new iron security gate with keypad access and secured parking lot
    (252) 422-0851
    We can help!
    Listing Contact
    Robin Hope Medlin
    Real Estate License ID: 340579
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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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