24 24 Paddington Trent Woods, NC 28562
This exceptional 0.19-acre commercial land parcel, located at 24 Paddington in Trent Woods, North Carolina (APN 8-203-9-024), presents a unique investment opportunity. Zoned for residential development, this lot is part of the Village on Canterbury, a new development featuring 27 building lots approved for single-family homes. The property boasts a desirable backyard pond view and is situated within an established community, offering "Front Porch Living" in the heart of Trent Woods. The lot is subject to minimum building requirements of 1600 heated square feet. All homes in the development are mandated to include natural gas tankless water heaters (or equivalent connection) serviced by Piedmont Natural Gas. Pre-construction HOA dues are $50 per month, billed quarterly, with final HOA dues to be determined. The asking price is $87,000, translating to approximately $457,894.74 per acre. Annual property taxes are estimates based on the current vacant land tax value. This property offers a rare chance to build custom homes in a sought-after location. The zip code is 28562. Information on construct-to-perm loan options and a list of approved builders is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.