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    Property profile & analytics
    OFF-MARKET Estimated value $1,010,000
    Warehouses

    602 Garnett St, Henderson, NC 27536-4509

    34,212 SF 0.76 ac lot Built 1955
    Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-4092657
    Property summary
    AI-generated overview

    This expansive mixed-use property, located at 602 S Garnett Street in Henderson, North Carolina, offers a substantial 32,000 square feet of space ideally suited for a variety of business needs. The building sits on a generous 1.26-acre lot, providing ample room for expansion or outdoor operations. Currently configured as a blend of office and warehouse space, this property presents a unique opportunity for businesses requiring significant square footage. The versatile layout allows for customization to suit individual requirements, making it an excellent choice for companies seeking to consolidate operations or expand into a larger facility. The seller is open to considering lease options for smaller portions of the building, offering flexibility for businesses of varying sizes. This presents a rare chance to secure a substantial commercial property in a desirable location, with the added benefit of adaptable lease terms to accommodate specific business needs. The asking price for this substantial property is $699,000. Serious inquiries are encouraged to explore this exceptional opportunity. The property's size and location make it an attractive investment for businesses seeking to establish a strong presence in the Henderson, NC market.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1955
    Total area 34,212 SF
    Lot 0.76 ac (33,106 SF)
    APN 0003 09010
    UPID US53-4092657
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    Cpntwo LLC · 17 yrs held
    Cpntwo LLC
    since 2009
    4 recorded transactions
    2021
    2009
    2008
    $350,000
    2008
    $350,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.1M +3.2%
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