0 Warren Pln Rd & King Rd Warrenton, NC 27589
This exceptional investment opportunity encompasses two parcels totaling approximately 7.13 acres of land situated at the intersection of Warren Plains Road and King Road near Norlina, North Carolina. The property's strategic location offers significant potential for both residential and commercial development. One parcel, approximately 6 acres (PIN#: 2948614367), presents a tranquil setting suitable for a single-family home, complemented by ample surrounding land. The second parcel, approximately 1.13 acres (PIN#: 2948618008), is ideally positioned on the corner, adjacent to the projected future S Line for CSX rail, making it highly attractive for commercial ventures. The area benefits from the growth occurring in Norlina, with readily available sewer and water infrastructure. The projected S-Line extension, connecting the Triangle region and the Washington, D.C. area, will further enhance the property's value and accessibility. This location is conveniently situated between Warrenton, Norlina, and Lake Gaston, capitalizing on the northward expansion of growth along I-85, impacting the entire county. Warren County's proactive economic development initiatives, evidenced by recent expansions of Glen Raven Mills and International Paper operations, underscore the region's promising future. The asking price is $60,605, representing an attractive price per acre of $8,500. This property presents a tremendous opportunity for future development and significant return on investment. The larger parcel includes an existing old homeplace. The property's zoning and potential uses should be verified independently.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.