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    OFF-MARKET
    Office buildings

    101 New St, Pink Hill, NC 28572-8569

    22,102 SF 31.59 ac lot Built 1966
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2680741
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Pink Hill LLC · 5 yrs held
    Pink Hill LLC
    since 2021
    Last sale
    $185,000
    3 recorded transactions
    2021
    $185,000
    2017
    $80,000
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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