Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1203 Executive Dr Kinston, NC 28501

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.06 Acres, Hwy 11 Frontage

    Property Features for 1203 Executive Dr

    General Information

    Property type
    Land
    Lot Size
    133,294 SF

    We can help!

    Listing Contact
    David Edwards
    David Edwards

    Listing Agency: The Overton Group, LLC Listing Agent: David Edwards

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 3.06-acre commercial land parcel presents a remarkable investment opportunity in Kinston, North Carolina. Strategically located on Highway 11, this property boasts high visibility and convenient access, making it ideal for a variety of industrial uses. The land is zoned I-1, allowing for a range of development possibilities. With a total asking price of $135,000, this translates to an attractive price per acre of $44,054. The property's address is 1203 Executive Drive, Kinston, NC 28501, situated in Lenoir County. Its precise coordinates are latitude 35.2839202 and longitude -77.5583819. Given its prime location and zoning, this lot represents a significant chance to establish a thriving business in a dynamic area. The substantial lot size offers ample space for construction and potential expansion. Prospective buyers will appreciate the ease of access to major transportation routes, enhancing logistical efficiency and market reach. This is a rare opportunity to acquire a well-positioned industrial lot in a growing community. Serious inquiries are encouraged to explore the full potential of this exceptional property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Victory Cathedral Wordship ... Church

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kinston
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.5583819
    Latitude
    35.2839202

    Nearby Similar for Sale

    • $85,000
      Pending

      Kinston Duplex Investment Opportunity

      Two-unit duplex near amenities, ideal for renovation and appreciation.
      1605 Waverly Ave, Kinston, NC 28504
      View Details
    • New
      $99,000
      Pending

      Kinston Duplex: Investment Opportunity

      Brick duplex in Kinston with tenants in place.
      1320 Queens Rd, Kinston, NC 28501
      View Details
    • $219,000
      1,656 SF

      Income-Producing Duplex in Kinston, NC

      Desirable Kinston duplex with long-term tenants and income potential.
      3145 Lakewood Dr, Kinston, NC 28504
      View Details
    • Contact for pricing
      2,004 SF

      Spacious Country Home on Acreage

      Four-bedroom home on over an acre of unrestricted agricultural land.
      636 Community Center Dr, Kinston, NC 28504
      View Details
    • $1,357,000
      7,878 SF

      Kinston Bank Branch For Sale

      NNN leased bank branch on a prime corner lot.
      1900 W Vernon Ave, Kinston, NC 28504
      View Details
    • $850,000

      Kinston Investment Opportunity For Sale

      2.89 acre property with retail, warehouse, and shelter spaces.
      2200 W Vernon Ave, Kinston, NC 28504
      View Details
    • $450,000

      Kinston Two-Story Corner Building

      Charming two-story brick building in downtown Kinston, North Carolina.
      200 N Herritage St, Kinston, NC 28501
      View Details
    • $299,000

      Industrial Warehouse with Fenced Yard

      14,000 sq ft warehouse with loading dock and office.
      505 St E, Kinston, NC
      View Details
    • $550,000

      Retail Building Near Vernon Avenue

      Retail building near Vernon Ave with existing lease in place.
      809 Mitchell St, Kinston, NC 28501
      View Details
    • Contact for pricing
      2 SF

      Kinston Retail Outparcel For Sale

      2,049 SF former bank branch on 0.42-acre outparcel.
      850 Hardee Rd, Kinston, NC 28504
      View Details
    • $799,000
      8.70 Acres

      Spacious Estate Near Kinston, NC

      4,954 sq ft estate on nearly 9 private acres.
      263 Ashland Dr, Kinston, NC 28504
      View Details
    • $1,200,000
      16.10 Acres

      Prime Kinston Commercial Land

      16.1 Acres, High-Visibility Location
      164 Hwy 58, Kinston, NC 28504
      View Details

    FAQs

    What type of property is this?
    Land - 3.06 Acres, Hwy 11 Frontage
    Where is this land located?
    The property is located at 1203 Executive Dr Kinston, NC.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: $135,000 asking price for 3.06 acres of commercial land.; Located at 1203 Executive Dr, Kinston, NC 28501.; I-1 zoning.
    (252) 560-9470 Call to check price and availability
    Request Owner's contact information
    1203 Executive Dr Kinston, NC 28501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1203 Executive Dr
    Kinston, NC 28501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1203 Executive Dr Kinston, NC 28501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Edwards
    David Edwards
    Real Estate License ID: 287850
    (252) 560-9470 (252) 686-5053 (252) 355-7006
    Learn more
    Google sign-in failed. Please try again or use another login method.