Property profile

1109 Hwy 70th W Newton, NC 28658

OFF-MARKET
Investment properties
Property ID
US53-1688387
2,456 SF 0.29 ac lot Built 1949
Individually Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1949
Construction CONCRETE BLOCKS
Total area 2,456 SF
Lot 0.29 ac (12,632 SF)
Zoning code B-2
APN 3731-10-35-6319
UPID US53-1688387

Cap rate & NOI

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

Location

1109 Hwy 70th W Newton, NC 28658-8495
Newton metro Census 11701 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Newton, NC
Zoning description

The intent of the B-2 district is to allow the sale of convenience and shoppers goods and services to both local and transient motorists, with locations restricted to sites directly accessed from arterial or collector ro…

General category COMMERCIAL

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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