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    144 Water St Old Fort, NC 28762

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    For Lease
    $4 SF/Yr ($18,700 /Mo)

    Industrial park with semi-truck access, near I-40 and rail.

    Property size:
    56,100 SF
    Lot size:
    56,100 SF

    Property Features for 144 Water St

    General Information

    Size
    56,100 SF

    Building Details

    Year built
    1947

    Source: Tom Green, CCIM Agent Tom Green, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Space Near Transportation Hub

    This industrial park is suitable for manufacturing, distribution, and storage, offering lease spaces within Old Fort city limits. The building comprises 18 units accessible to semi-trucks. Its location is between I-40 and Norfolk Southern's 'Old Fort Loops'. A $60 million rail rebuild by rail companies is expected to significantly benefit local communities, businesses, and supply chains. Available spaces range from 10000 to 65000 square feet. The building owner is investing in short-term completion projects to upgrade the building for future tenants, including the installation of a sprinkler system, electrical upgrades, pressure washing, and painting.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Pharmacy Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Fort
    County
    McDowell
    State
    North Carolina
    Longitude
    -82.1786745
    Latitude
    35.6279005

    Nearby Similar for Lease

    • $20 SF/Yr
      1,800 SF

      Old Fort Retail Space - I-40 Exit 73

      Prime QSR Location, New Construction, 1800 sq ft
      573 Bat Cave Rd, Old Fort, NC 28762
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Industrial park with semi-truck access, near I-40 and rail.
    Where is this manufacturing property located?
    The property is located at 144 Water St Old Fort, NC.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Available lease space ranging from 10,000 to 65,000 sq ft.; - Ideal for industrial manufacturing, distribution, and storage.; - Semi-truck access to all 18 units.
    (828) 606-6140
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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
    144 Water St Old Fort, NC 28762
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