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    100 Kitty Bennett Rd Wadesboro, NC 28170

    Sponsored
    For Sale
    Contact for pricing

    Rail-served industrial land, near major highways.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    Anson 74 Rail Park presents a unique opportunity for businesses seeking prime industrial land in North Carolina. This 120-acre site, located at 100 Kitty Bennett Rd, Wadesboro, NC 28170, in Anson County, offers direct or near access to both rail and highway commercial freight, making it ideal for logistics and supply chain operations. The property is zoned for light industrial use and boasts a spur off the CSX rail line, providing efficient and cost-effective transportation solutions. The land is available for purchase, with prices ranging from $20,000 to $400,000 per acre, depending on the lot size (1-20 acres). The site's strategic location between two US highways further enhances its accessibility and distribution capabilities. This development has completed Duke Energy's Site Readiness program, demonstrating its readiness for immediate development. The park's planned infrastructure will support nearly one million square feet of light industrial and warehouse space, creating employment opportunities for over 400 individuals. Furthermore, its proximity to existing retail development presents potential for future mixed-use growth along the US Highway 74 corridor. This is a rare opportunity to acquire land in a rapidly growing area with exceptional infrastructure and connectivity. The property is privately owned and offered for sale by owner.

    Property Features for 100 Kitty Bennett Rd

    General Information

    Property type
    Distribution properties
    Lot Size
    43,560 SF

    HighLights

    • Industrial land for sale in Wadesboro, NC, suitable for light industrial use.
    • Lots ranging from 1 to 20 acres available.
    • Land prices range from $20,000 to $400,000 per acre.
    • Property offers direct or near rail access and highway access for commercial freight.
    • Located at 100 Kitty Bennett Rd, Wadesboro, NC 28170.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadesboro
    County
    Anson
    State
    North Carolina
    Longitude
    -80.10169634853
    Latitude
    34.981665413009

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    FAQs

    What type of property is this?
    Distribution property - Rail-served industrial land, near major highways.
    Where is this distribution property located?
    The property is located at 100 Kitty Bennett Rd Wadesboro, NC.
    What are key features of this property?
    This property features: Industrial land for sale in Wadesboro, NC, suitable for light industrial use.; Lots ranging from 1 to 20 acres available.; Land prices range from $20,000 to $400,000 per acre.
    Request Owner's contact information
    100 Kitty Bennett Rd Wadesboro, NC 28170
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    Wadesboro, NC 28170
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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
    100 Kitty Bennett Rd Wadesboro, NC 28170
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