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    Quality Dr Navassa, NC 28451

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    For Sale
    Contact for pricing

    Industrial land with deep water access and rail connectivity.

    Lot size:
    59.00 Acres

    Property Features for Quality Dr

    General Information

    Lot size
    59.00 Acres

    We can help!

    Listing Contact
    Harry M Knight
    Harry M Knight
    Source: Moodyscre

    Listing Agent: Harry M Knight

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

    Learn more

    Overview

    59 Acres on Cape Fear River

    This 59-acre property consists of two adjacent parcels located along the Cape Fear River within a Federally Designated Economic Opportunity Zone. The site is adjacent to the PACON Facility (formerly Rampage Boat Factory) and features deeded highway access along Cedar Hill Road and Quality Drive, providing convenient access to the Cape Fear bridge and I-140 bypass. The property boasts over a thousand feet of Cape Fear River frontage with deep water access, approximately 28 feet deep, and an existing old docking system access that potentially can be restored. Barge shipping to the Port of Wilmington is feasible. A CSX Rail line is situated on the property at the boundary, with right of way and spur leases maintained. Public water, sewer, and natural gas are available within several hundred feet of the property line. The property is well-suited for light manufacturing or a material handling facility, offering quick access to downtown Wilmington, ILM Airport, and the Port of Wilmington via truck, rail, or barge. This land was formerly the Estech Manufacturing Facility.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Navassa
    County
    Brunswick
    State
    North Carolina
    Longitude
    -77.9891938
    Latitude
    34.2570657

    Nearby Similar for Sale

    • $8,500,000
      59.00 Acres

      Navassa Land with River Frontage

      59 acres on Cape Fear River, Economic Opportunity Zone.
      Quality Dr NE, Navassa, NC 28451
      View Details
    • $8,500,000
      59.00 Acres

      Waterfront Land in Opportunity Zone

      59 acres on Cape Fear River, deep water access.
      Quality Dr NE, Navassa, NC 28451
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land with deep water access and rail connectivity.
    Where is this industrial land located?
    The property is located at Quality Dr Navassa, NC.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: - Deep water access to the Cape Fear River with over a thousand feet of river frontage.; - Located within a Federally Designated Economic Opportunity Zone.; - CSX Rail access on the property line.
    (910) 398-7090 Call to check price and availability
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    Quality Dr Navassa, NC 28451
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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.

    More about this property
    Quality Dr Navassa, NC 28451
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Harry M Knight
    Harry M Knight
    Real Estate License ID: 290777
    (910) 398-7090 (910) 256-4503
    Learn more
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