Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lenoir County Industrial Property Title is generated by Realmo AI

    Executive Dr, Kinston, NC 28501

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    15-acre industrial property near Kinston and Greenville, North Carolina.

    Type:Land
    Lot size:
    15.00 Acres
    Added:
    Dec 19, 2023
    Days on Market:
    899
    Last Refresh:
    May 12 at 10:53 pm

    Property Features for Executive Dr

    General Information

    Standard status
    Active
    Lot size
    15.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    David Edwards

    Listing agent David Edwards License #287850

    Listing office The Overton Group

    Listing date Dec 19, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of The Overton Group

    HighLights

    • 15‑acre industrial property strategically located between Kinston and Greenville, NC.
    • 4.6 acres already cleared for immediate development.
    • Excellent accessibility via NC Hwy 11.
    • Zoned I1 (Industrial) allowing for a broad spectrum of uses.
    • Existing infrastructure includes a concrete pad and fencing.
    • Integrated into Lenoir County GIS (parcel 8674) for streamlined administration.

    Overview

    This industrial property, totaling 15 acres, is located in Lenoir County, North Carolina, between Kinston and Greenville. The property is situated just off NC Hwy 11, providing accessibility and connectivity to major transportation routes. Approximately 4.6 acres are cleared. Existing infrastructure includes a concrete pad and fencing. Zoned I1 (Industrial), the property is designated for a range of industrial and manufacturing activities. The property is identified by Lenoir County GIS parcel number 8674. A survey is recommended to accurately determine boundaries and identify any potential discrepancies. This property is positioned to cater to the diverse needs of businesses seeking a strategic location in Eastern North Carolina. This property offers an opportunity for growth and success for expansion, relocation, or the initiation of a new venture.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Kinston
    County
    Lenoir
    State
    North Carolina
    Longitude
    -80.5143086
    Latitude
    35.6833971

    Nearby Similar for Sale

    • $599,000
      8,062 SF

      Warehouse and Storage Site

      Own a warehouse-style storage site with strong corridor visibility at a major intersection for flexible owner-occupant use.
      3802 W Vernon Avenue, Kinston, NC 28504
      View Details
    • $197,500
      1,676 SF

      Charming Office Building on Corner Lot

      Unique office building converted from single-family home with excellent visibility.
      1008 W Vernon Avenue, Kinston, NC 28501
      View Details
    • $99,000

      Kinston, NC Vacant Land

      Prime vacant land in Global TransPark Zone, Kinston, NC.
      2080 N Hwy 258 N, Kinston, NC 28504
      View Details
    • $850,000
      6,404 SF

      Kinston Office and Shop Buildings

      High-quality office with functional shop and storage buildings.
      2857 Hull Rd, Kinston, NC 28504
      View Details
    • $22,000

      Residential Land in Kinston, NC

      Wooded 0.92 acre lot in Branchwood subdivision.
      11 Brookwood Road lot: 11, Kinston, NC 28504
      View Details
    • $149,000

      25 Acres Vacant Land Kinston

      25-acre tract ideal for hunting, recreation, or homesite.
      0 Tilghman Rd., Kinston, NC 28501
      View Details
    • $24,000

      Kinston Land in Historic District

      Residential land for walkable urban living near downtown Kinston.
      602 College Street lot: 3, Kinston, NC 28501
      View Details
    • $24,000

      Kinston Land in Historic District

      Infill development opportunity near downtown Kinston's amenities.
      600 College, Kinston, NC 28501
      View Details
    • $209,000
      1,656 SF

      Income-Producing Duplex in Kinston, NC

      Desirable Kinston duplex with long-term tenants and income potential.
      3145 Lakewood Drive, Kinston, NC 28504
      View Details
    • $400,000

      Agricultural Land Tract

      46-acre agricultural-zoned parcel along Highway 58 S in Kinston, suited for farm or homestead uses.
      1795 1825 Highway 58 S, Kinston, NC 28501
      View Details
    • $27,700

      Land Near Downtown Kinston

      Residential lot near downtown Kinston, NC, with utility hookups.
      404 Summit Avenue, Kinston, NC 28501
      View Details
    • $45,000

      Kinston Land Parcel For Sale

      5.29 acre lot near Kinston, North Carolina.
      Southwood Road lot: B, Kinston, NC 28501
      View Details

    FAQs

    What type of property is this?
    Industrial land - 15-acre industrial property near Kinston and Greenville, North Carolina.
    Where is this industrial land located?
    The property is located at Executive Dr Kinston, NC.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 15‑acre industrial property strategically located between Kinston and Greenville, NC.; 4.6 acres already cleared for immediate development.; Excellent accessibility via NC Hwy 11.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Edwards
    Real Estate License ID: 287850
    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.
    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

    Thank You for Inquiry
    Executive Dr, Kinston, NC 28501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!