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Property profile & analytics
OFF-MARKET
Land

0 Warren Pln Rd & King Rd Warrenton, NC 27589

7.13 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 7.13 ac (310,583 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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Comparable Approach Comparable
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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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