11 Paddington Way Trent Woods, NC 28562
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.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.