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    135 Horner St Henderson, NC 27536

    For Sale
    $299,000

    High-yield storage, below appraised value.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a well-located storage facility in downtown Henderson, North Carolina, situated on a 0.66-acre lot at 135 Horner Street. The facility comprises 74 individual storage units of varying sizes, currently boasting a 64% occupancy rate (47 of 74 units leased). At full capacity, the property projects a substantial monthly rental income of $5,310. This represents a significant return on investment, particularly considering the asking price is notably below the appraised value. The property's prime downtown location offers excellent visibility and accessibility, attracting a consistent stream of potential tenants. This makes it an ideal acquisition for investors seeking a stable, high-yield asset with significant upside potential. The existing tenant base provides immediate cash flow, while the substantial number of vacant units offer the opportunity to increase revenue quickly. This turnkey operation requires minimal management oversight, making it an attractive proposition for both seasoned and novice investors. The property's strong performance and below-appraised-value pricing present a compelling opportunity for immediate profit and long-term growth. Serious inquiries are encouraged.

    Property Features for 135 Horner St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    28,750 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.40767
    Latitude
    36.32538

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield storage, below appraised value.
    Where is this commercial real estate located?
    The property is located at 135 Horner St Henderson, NC.
    What is the asking price?
    The asking price for this property is $299,000.
    (919) 494-4040
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    135 Horner St Henderson, NC 27536
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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
    135 Horner St Henderson, NC 27536
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