4 Paddington Way, Trent Woods, NC 28562
This exceptional 0.48-acre commercial land parcel is situated in the desirable Trent Woods, North Carolina, specifically at 4 & 5 4 & 1/2 of 5 Paddington Way, zip code 28562. Located in Craven County, this property presents a unique investment opportunity. Currently zoned residential, it's part of the Village on Canterbury development, featuring 27 lots approved for single-family homes. This listing encompasses 1.5 lots, providing ample space for a substantial custom-built home, exceeding the minimum 1600 heated square feet requirement. The lots have already been divided, with the sale including PID 8-203-9-004 and 8-203-9-28001. The property is connected to Piedmont Natural Gas, mandating natural gas tankless water heaters (or equivalent) for all homes built. Pre-construction HOA dues are $50 per month, billed quarterly. Post-construction HOA dues are yet to be determined. The asking price for this remarkable opportunity is $127,500. Note that the tax value is an estimate based on current vacant land assessments. This is a rare chance to build a custom home in an established community, offering the benefits of "Front Porch Living" in the heart of Trent Woods.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.