Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    00 Garnett Street Ext Henderson, NC 27536

    • Warehouses
    • 9.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 00 Garnett Street Ext

    Lot size
    9.63 lot acres
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 9.63-acre commercial land parcel presents a prime opportunity for development in Henderson, North Carolina. Located at 00 Garnett Street, this property boasts unparalleled visibility and accessibility due to its strategic position directly across from I-85 exit 215. The high-traffic location ensures significant exposure for any commercial venture. All utilities are conveniently available within the right-of-way, simplifying the development process. The site's adjacency to established retail businesses, including Food Lion and Dollar General, further enhances its appeal and potential for synergy. Vance County Fire and Rescue is also located nearby, providing an added layer of security and community benefit. The property offers convenient north and southbound access to I-85, facilitating seamless transportation and logistics. While some retail restrictions exist to avoid competition with Dollar General, this presents opportunities for complementary businesses. Furthermore, the property's proximity to Kerr Lake (just 10 minutes to Satterwhite Point) adds to its overall desirability. This is a rare chance to acquire a substantial, well-located industrial site with significant growth potential in a thriving community. The asking price is $696,000. The property is zoned for commercial and warehouse use. The square footage is not currently developed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.4088
    Latitude
    36.323

    Comparable in this City

    • Value Estimation by Request
      2.05 Acres

      Poplar Crk Rd. & Technology Ln

      Land • 2.05 Acres
      0 Poplar Crk Rd. & Technology Ln, Henderson, NC 27536
      View Details
    • Value Estimation by Request
      50.00 Acres

      Poplar Creek Rd

      Land • 50.00 Acres
      0 Poplar Creek Rd, Henderson, NC 27536
      View Details
    • Value Estimation by Request
      3,975 SF

      924 Williams St

      WAREHOUSE, STORAGE • 3,975 SF
      924 Williams St, Henderson, NC 27536-4948
      View Details
    • Value Estimation by Request
      4,800 SF

      Young Ave

      WAREHOUSE, STORAGE • 4,800 SF
      Young Ave, Henderson, NC 27536
      View Details
    • Value Estimation by Request
      1,104 SF

      420 Old Epsom Rd

      WAREHOUSE, STORAGE • 1,104 SF
      420 Old Epsom Rd, Henderson, NC 27536-5319
      View Details
    • Value Estimation
      $925,000
      59,625 SF

      219 Wright Ave

      WAREHOUSE, STORAGE • 59,625 SF
      219 Wright Ave, Henderson, NC 27536
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      184,170 SF

      Henderson Warehouse with Rail Access

      65,987 SF warehouse with rail access in Henderson, NC.
      599 Raleigh Rd, Henderson, NC 27536
      View Details
    • $666,250
      2.05 Acres

      Henderson Industrial Land - $666,250

      2.05-acre commercial/industrial lot
      0 Poplar Crk Rd. & Technology Ln, Henderson, NC 27536
      View Details
    • $696,000
      9 SF

      Henderson Commercial Land - I-85 Access

      High-traffic I-85 commercial land parcel.
      00 Garnett St, Henderson, NC 27536
      View Details
    • $299,000
      0.66 Acres

      Henderson Storage Facility Investment

      High-yield storage, below appraised value.
      135 Horner St, Henderson, NC 27536
      View Details
    • $38,000
      0.43 Acres

      Versatile Lots in Growing Area

      Two adjoining lots totaling 0.43 acres with versatile zoning.
      210/212 N Shank St, Henderson, NC 27536
      View Details
    • $250,000
      8,794 SF

      Historic Downtown Henderson Gem

      Prime Commercial Space, High Traffic Area
      116 Young St, Henderson, NC 27536
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      48,000 SF

      Henderson Industrial Warehouse For Sale

      48,000 SF Warehouse in Vance County, NC
      111 Lenora St, Henderson, NC 27536
      View Details
    • $2 SF/Yr
      21,280 SF

      Warehouse Space in Henderson, NC

      21,280 RSF warehouse space for lease in Henderson, NC.
      239 Wilbur St, Henderson, NC 27536
      View Details
    • $2 SF/Yr
      96,207 SF

      Warehouse Space in Henderson, NC

      96,207 RSF warehouse space available for lease in Henderson, NC.
      215 Wright Ave, Henderson, NC 27536
      View Details
    • $3 SF/Yr
      48,000 SF

      48,000 SF Warehouse For Lease

      Warehouse space with office, acreage, and industrial zoning available for lease.
      111 Lenora St, Henderson, NC 27536
      View Details
    • Contact for pricing

      Retail Space in Henderson, NC

      Fully leased retail property in a major shopping corridor.
      159 North Cooper Dr, Henderson, NC 27536
      View Details
    • $18 SF/Yr

      Prime Commercial Office Space Available

      Premium office spaces in Henderson's thriving commercial district on Dabney Drive.
      510/514 Dabney Drive Ext, Henderson, NC 27536
      View Details
    Request Owner's contact information
    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.
    00 Garnett Street Ext
    Henderson, NC 27536
    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
    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

    Google sign-in failed. Please try again or use another login method.