Property profile

102 Hershey Dr Kenly, NC 27542

OFF-MARKET
Car washes
Property ID
US53-0992969
4,184 SF 2 ac lot Built 2004
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 4,250 square foot industrial warehouse, located at 102 Hershey Dr, Kenly, NC 27542, presents a unique investment opportunity. Situated on two acres of land in Johnston County, this Class C building boasts a desirable location directly across from a shopping mall and near a busy truck stop exit, ensuring high visibility and accessibility. Built in 2004, the property features an 18-foot ceiling height, perfect for various commercial uses. The warehouse includes 20 dock-high doors, facilitating efficient loading and unloading. The flexible zoning (COM) allows for a wide range of potential tenants, including but not limited to car lots, mechanics, truck detailing businesses, and general warehousing. Single-tenant occupancy provides simplicity and control. This property is ideal for entrepreneurs seeking a high-traffic location and ample space to establish or expand their business. The combination of its size, location, and flexible zoning makes this an exceptional opportunity in the thriving Kenly market. The property's features are well-suited for a variety of commercial uses, making it a versatile and attractive investment.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2004
Total area 4,184 SF
Lot 2 ac (87,120 SF)
Zoning code COM
APN 03P06052Q
UPID US53-0992969

Cap rate & NOI

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

Location

102 Hershey Dr Kenly, NC 27542
Kenly metro Census 40101 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2023
Last sale
$310,000
5 recorded transactions
2023
$310,000
2021
$310,000
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

COM · Kenly, NC

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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