Property profile

509 Hermitage Rd Castle Hayne, NC 28429

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 2.93-acre commercial land parcel, identified by APN 3231-11-3048.000, presents a prime opportunity in the Castle Hayne submarket of North Carolina. Located at 509 Hermitage Rd, Castle Hayne, NC 28429 (34.324915, -77.902641), this single-tenant property boasts 127,631 square feet of space ideally suited for a lay-down yard. The property features a comprehensive design including a fully fenced perimeter with a double drive-through gate for convenient access. The entire area will be covered with compacted crushed stone for durability and ease of use. A substantial 30-foot driveway entrance ensures ample space for maneuvering large vehicles. Five strategically placed pole lights, along with an existing power pole, provide excellent illumination and the potential for electrical service. This location offers unparalleled convenience, with easy access to major transportation arteries, including Highway I-40 and Highway 117. The property is zoned I-1, and tenant use requires landlord approval. This is a rare opportunity to acquire a fully prepared and strategically located lay-down yard in a thriving commercial area. Contact for showing and further details.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

509 Hermitage Rd Castle Hayne, NC 28429
Castle Hayne metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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