Property profile

1171 Ray Ave Newton, NC 28658

OFF-MARKET
Warehouses
Property ID
US53-1535966
8,400 SF 4.12 ac lot Built 1997
Individually Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1997
Construction STEEL FRAME
Total area 8,400 SF
Lot 4.12 ac (179,467 SF)
Zoning code B-4
APN 3740-18-31-2254
UPID US53-1535966

Cap rate & NOI

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

Location

1171 Ray Ave Newton, NC 28658
Newton metro Census 11300 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2017
4 recorded transactions
2020
Price N/A
2017
$2.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-4 · Newton, NC
Zoning description

The B-4 districts are intended to provide for a mixture of retail, service, transportation, storage and related activities which do not require a central location.

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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