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Property profile

0 Calico Rd Lenoir, NC 28645

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Lenoir, North Carolina. Priced at $1,450,000, this expansive property boasts over 130 acres of mostly wooded land featuring streams. The property's zoning is diverse, with portions zoned RA-20 and R15. A significant portion is located within Gamewell City limits (R15 zoning), while another section falls outside city limits (RA-20 zoning). Conveniently situated adjacent to the Foothills Regional Airport, this location offers excellent accessibility. Currently under a hunting lease, the property's potential uses are numerous and warrant further investigation. Please note a discrepancy exists between the recorded acreage (158 sq ft) and the estimated 130+ acres; a survey is recommended to verify the exact acreage, easements, and rights-of-way. The property is currently enrolled in a forestry program, impacting the property tax assessment. Prospective buyers should contact the Caldwell County Property Tax office to determine the tax implications for new ownership. Serving the property are Gamewell Elementary, Gamewell Middle, and West Caldwell High schools. Further inquiries regarding usage restrictions, utilities, and other pertinent details should be directed to the Gamewell town office and Caldwell County. The APN is 06136-1-3. The address is Calico Rd, Lenoir, NC 28645.

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

Location

Calico Rd Lenoir, NC 28645
Lenoir metro
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Value estimations

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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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