Property profile

117 Dr Newbern Rd Powells Point, NC 27966

OFF-MARKET
Warehouses
Property ID
US53-0668081
3,000 SF 0.87 ac lot Built 2007
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2007
Total area 3,000 SF
Lot 0.87 ac (37,897 SF)
Zoning code GB
APN 123D00000270000
UPID US53-0668081

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Propane Supplier

Location

117 Dr Newbern Rd Powells Point, NC 27966-9732
Powells Point metro Census 110403 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k

Owner & transaction history

since 2021
Last sale
$750,000
5 recorded transactions
2021
$750,000
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GB · Powells Point, NC
Top alternative use upside
Commercial (general) $650,000 +80.8%
Retail stores $570,000 +58.5%

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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