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    OFF-MARKET
    Commercial real estate

    229 Belgrade Ave, Garland, NC 28441

    3.09 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.09-acre property in Garland, NC, presents a unique investment opportunity. Formerly Garland Farm Supply, this site boasts substantial storage infrastructure, including four grain storage bins (approximately 120,000-130,000 bushel capacity), two hoppers (approximately 40,000 bushel capacity), a grain dryer, and eight ingredient tanks (approximately 30,000 bushel capacity). Additional features include a salt tank (approximately 60,000 lbs capacity), two 8-ton mineral tanks, a 10x70 scale platform, and a 1,900 sq ft office/storage building. Four additional sheds/buildings are also located on the property. Infrastructure includes a 12' grain pit, underground gas and electrical plumbing, various concrete pads, and extensive gravel driveway/parking. The property offers approximately 450 feet of frontage on N Belgrade Ave/Harrells Hwy, within Garland city limits. The 2024 tax value is $221,000, with an appraisal of $165,000 conducted on August 4, 2022. The property is being sold "As Is and Where Is," with all contents and materials included in the sale. The current owner has no knowledge of the age or functionality of the equipment

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.09 ac (134,600 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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