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    167 Pne St Bridgeton, NC 28519
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    167 Pne St Bridgeton, NC 28519

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    • Warehouses
    • 5,400 SF
    • 0.82 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 167 Pne St

    Year built
    1984
    Lot size
    0.82 lot acres
    Property size
    5,400 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 5,400-square-foot industrial warehouse, built in 1984, is available for lease in Bridgeton, North Carolina. Situated on a 0.82-acre lot, this single-tenant property boasts two drive-in doors, providing convenient access for loading and unloading. The building features 3-phase power and is zoned for industrial use, making it suitable for a variety of businesses, including manufacturing, distribution, and storage. The property's location is highly advantageous, with easy access to US-17. The warehouse is situated adjacent to a new O'Reilly Auto Parts store, offering excellent visibility and proximity to a major retailer. The substantial 0.82-acre yard provides ample space for outdoor storage or operations, with the possibility of additional yard space available upon request from the owner. The property's single-story design and 5,400 square feet of vacant space offer immediate occupancy. The address is 167 Pine St, Bridgeton, NC 28519, and the property's APN is 2-001-029. This is a rare opportunity to secure a well-located, versatile industrial property in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeton
    County
    Craven
    State
    North Carolina
    Longitude
    -77.0231
    Latitude
    35.1285

    Comparable in this City

    • Value Estimation
      $640,000
      5,120 SF

      17 Us Hwy

      MINI-WAREHOUSE, STORAGE • 5,120 SF
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    • Value Estimation
      $575,000
      3,750 SF

      607 D St

      MINI-WAREHOUSE, STORAGE • 3,750 SF
      607 D St, Bridgeton, NC 28519-1010
      View Details
    • Value Estimation by Request
      4,512 SF

      504 A St

      MINI-WAREHOUSE, STORAGE • 4,512 SF
      504 A St, Bridgeton, NC 28519-1025
      View Details
    • Value Estimation by Request
      1,080 SF

      Brg St

      MANUFACTURING (LIGHT) • 1,080 SF
      Brg St, Bridgeton, NC 28519
      View Details
    • Value Estimation by Request
      6,000 SF

      705 D St

      MANUFACTURING (LIGHT) • 6,000 SF
      705 D St, Bridgeton, NC 28519-1059
      View Details
    • Value Estimation by Request

      406 Hickory St

      Automotive properties
      406 Hickory St, Bridgeton, NC 28519
      View Details

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    167 Pne St
    Bridgeton, NC 28519
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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