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    OFF-MARKET
    Land

    509 Hermitage Rd, Castle Hayne, NC 28429

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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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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