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    509 Hermitage Rd Castle Hayne, NC 28429

    Sponsored
    For Lease
    $1.00 SF/Yr

    2.93 Acres, I-1 Zoning, Excellent Access

    Lot size:
    127,631 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.93-acre commercial land parcel, identified by APN 3231-11-3048.000, presents a prime opportunity in the Castle Hayne submarket of North Carolina. Located at 509 Hermitage Rd, Castle Hayne, NC 28429 (34.324915, -77.902641), this single-tenant property boasts 127,631 square feet of space ideally suited for a lay-down yard. The property features a comprehensive design including a fully fenced perimeter with a double drive-through gate for convenient access. The entire area will be covered with compacted crushed stone for durability and ease of use. A substantial 30-foot driveway entrance ensures ample space for maneuvering large vehicles. Five strategically placed pole lights, along with an existing power pole, provide excellent illumination and the potential for electrical service. This location offers unparalleled convenience, with easy access to major transportation arteries, including Highway I-40 and Highway 117. The property is zoned I-1, and tenant use requires landlord approval. This is a rare opportunity to acquire a fully prepared and strategically located lay-down yard in a thriving commercial area. Contact for showing and further details.

    Property Features for 509 Hermitage Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    127,631 SF

    Unit(s) available at that property

    Space
    Size
    127,631 SF
    Rate per SF
    $1.00

    HighLights

    • 2.93‑acre commercial land parcel in Castle Hayne, NC, APN 3231‑11‑3048.000.
    • Located at 509 Hermitage Rd, Castle Hayne, NC 28429.
    • 127,631 square feet, ideal for a lay‑down yard.
    • Fully fenced with a double drive‑through gate, compacted crushed stone surface, and a 30‑foot driveway entrance.
    • Five pole lights and existing power pole.
    • Easy access to I‑40 and Highway 117; I‑1 zoning; tenant use requires landlord approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Hayne
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.902641
    Latitude
    34.324915

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    FAQs

    What type of property is this?
    Land - 2.93 Acres, I-1 Zoning, Excellent Access
    Where is this land located?
    The property is located at 509 Hermitage Rd Castle Hayne, NC.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: 2.93-acre commercial land parcel in Castle Hayne, NC, APN 3231-11-3048.000.; Located at 509 Hermitage Rd, Castle Hayne, NC 28429.; 127,631 square feet, ideal for a lay-down yard.
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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
    509 Hermitage Rd Castle Hayne, NC 28429
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