0 Calico Rd Lenoir, NC 28645
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.
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
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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.