Property profile

5 Paddington Way Trent Woods, NC 28562

OFF-MARKET
Land
0.33 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 0.33 ac (14,375 SF)

Cap rate & NOI

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

Location

5 Paddington Way Trent Woods, NC 28562
Trent Woods metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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