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OFF-MARKET
Land

11 Paddington Way Trent Woods, NC 28562

0.21 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.21-acre commercial land parcel presents a unique investment opportunity in the desirable Trent Woods, North Carolina. Located at 11 Paddington Way, this property is zoned for residential use, offering significant potential for development. The lot is part of the Village on Canterbury, a new development featuring 27 building lots approved for single-family homes, creating a strong foundation for future growth and value appreciation. The asking price is $80,000, translating to a price per acre of $380,952.38. The property's APN is 8-203-9-011. Situated in Craven County, NC, zip code 28562, this location offers convenient access to local amenities and infrastructure. While the current zoning is residential, the potential for commercial development warrants further investigation. The property's rear boundary will include a 5-foot setback with a white vinyl privacy fence installed by the developer. All homes in the development are required to have natural gas tankless water heaters (or equivalent connection) serviced by Piedmont Natural Gas. Pre-construction HOA dues are $50 per month, billed quarterly, with final dues to be determined. The annual tax estimate is based on the current vacant property tax value. Minimum heated square footage for any built homes is 1600 square feet. This property offers a compelling blend of location, potential, and value in a thriving community.

Property profile
Verified
Property type Land
Lot 0.21 ac (9,148 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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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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