You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Warehouses

449 Virginia St Valdese, NC 28690

136,000 SF 5.5 ac lot Built 1968
Property ID
Property summary
AI-generated overview

This exceptional 136,000 square foot industrial property, located at 449 Virginia Street in Lenoir, North Carolina, presents a unique investment opportunity. Situated on a 5.5-acre lot in Caldwell County (zip code 28690), this single-building facility boasts a diverse layout ideal for various industrial uses. Originally constructed in 1968 and extensively renovated in 2017, the building features multiple ceiling heights (30', 20', and 16'), five loading docks, and ample parking for 100 vehicles. The property is zoned for industrial use and offers a net lease tenancy structure. The building's history includes use as a dry kiln and lumber receiving section for a former furniture manufacturer, with a detached section featuring large drive-in doors. While requiring complete renovation, this presents a significant cost advantage, offering below-market pricing for a substantial space. This property is located in an Opportunity Zone, adding further investment appeal. The multi-tenant structure provides flexibility for various business models. This is a rare chance to acquire a large-scale industrial property with significant potential for redevelopment and substantial return on investment. The property's size, location, and zoning make it suitable for a wide range of industrial and manufacturing operations. Don't miss this chance to secure a prime industrial asset in a thriving North Carolina location.

Property profile
Verified
Property type Warehouses
Year built 1968
Total area 136,000 SF
Lot 5.5 ac (239,580 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 449 Virginia St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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