5 Paddington Way, Trent Woods, NC 28562
This exceptional 0.33-acre commercial land parcel is situated in the desirable Trent Woods, North Carolina, at 5 Paddington Way, zip code 28562. Currently zoned for residential use, this property presents a unique opportunity for developers or investors. Located within the Village on Canterbury, a new development featuring 27 lots approved for single-family homes, this lot offers the potential for a variety of commercial ventures. The asking price is $85,000, translating to a price per acre of $257,575.76. While currently zoned residential, the potential for rezoning should be explored. The established community provides a strong foundation for future development. Pre-construction HOA dues are $50 per month, billed quarterly, increasing to $2000 annually upon completion. All homes in the development are required to have a minimum of 1600 square feet of heated space and natural gas tankless water heaters (or equivalent connection) serviced by Piedmont Natural Gas. The tax value provided is an estimate. This property's location in Trent Woods, Craven County, offers easy access to local amenities and infrastructure. Serious inquiries are encouraged to explore the possibilities of this promising commercial land opportunity.
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.