Property profile

1155 Hwy 70th W Newton, NC 28658

OFF-MARKET
Warehouses
Property ID
US53-1120198
87,280 SF 7.97 ac lot Built 2021
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2021
Total area 87,280 SF
Lot 7.97 ac (347,173 SF)
Zoning code B-2
APN 3731-10-25-5189
UPID US53-1120198

Cap rate & NOI

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

Location

1155 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k

Owner & transaction history

since 2021
Last sale
$790,000
5 recorded transactions
2021
Price N/A
2021
$790,000
2020
$192,000
2020
Price N/A
2005
$815,000

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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