Financial
Distress signals
Property profile

232 Newsome Rd King, NC 27021

OFF-MARKET
Investment properties
Property ID
US53-3476857
6,000 SF 1.09 ac lot Built 1984
Last sale Apr 2025 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 6,000-square-foot single-tenant property, located at 232 Newsome Road in King, North Carolina, presents a unique investment opportunity. Situated on a 1.09-acre lot, this versatile space boasts a diverse range of potential uses, including traditional office, medical office, manufacturing, flex space, warehouse, creative office, and distribution. Built in 1984 and renovated in 1994, the building features a single story with a 12-foot ceiling height. The property includes one…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$218k
Assessed land$64k
Assessed improvement$154k
Effective rate1.18%

Value estimate

· Sep 2026
$280k
$252k – $308k
Submarket $/SF estimate$447k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$111/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$75 – $164
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
L-I
The intent of the L-I light industrial district is to provide sites for manufacturing, warehousing, processing and related uses whose ope...
General categoryINDUSTRIAL
JurisdictionSTOKES

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.5
HVAC Service10.5
Convenience Store9.4

Location

232 Newsome Rd King, NC 27021-8507
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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