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Property profile

101 New St Pink Hill, NC 28572

OFF-MARKET
Office buildings
Property ID
US53-2680741
View Sample
22,102 SF 31.59 ac lot Built 1966
Entity Owned 5-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional industrial property in Pink Hill, NC, presents a significant opportunity. The single-tenant warehouse boasts a total of 41,000 square feet, encompassing a main building of 21,000 square feet and a secondary building of 20,000 square feet. The main building features a newly installed roof, upgraded lighting, and a modernized sprinkler system. It also includes approximately 1,600 square feet of office space with four offices, a large reception area, and two bathrooms. The high ceilings (13 feet clear) provide ample vertical space. The property includes four loading docks, four dock-high doors, and two drive-in doors, ensuring efficient loading and unloading. Situated on 10 acres of land, the property also offers a large 1-acre parking lot. The property is zoned industrial (APN 20927) and has an annual tax cost of $0.06 per square foot. This versatile space is ideal for a variety of industrial uses and offers significant potential for future expansion. The location in Lenoir County, NC (zip code 28572), provides easy access to major transportation routes. This is a rare opportunity to acquire a well-maintained, spacious warehouse in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Total area 22,102 SF
Lot 31.59 ac (1,376,060 SF)
APN 347711551234
UPID US53-2680741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2021
Last sale
$185,000
3 recorded transactions
2021
$185,000
2017
$80,000
2006
Price N/A

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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