Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Office Spaces

    123 N Main St, Warrenton, NC 27589

    7,150 SF 110 ac lot Built 1918
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-4148918
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 123 S Main Street Unit 123 in the heart of historic downtown Warrenton, North Carolina, presents a unique investment opportunity. Situated on a 0.11-acre lot, this 6,516 square foot building is part of "The Red Brick Store," the oldest structure on Main Street, dating back to 1835, and sits adjacent to the Courthouse. The property boasts stunning hardwood floors, a testament to its rich history. While requiring significant renovations, the immense potential is undeniable. Proposed plans, subject to town approval, envision a thoughtfully designed layout incorporating four bedrooms and two commercial spaces, perfectly suited for a blend of residential and retail or office uses. The building's historical significance opens the door to the utilization of Historical Tax Credits, offering substantial financial incentives for the right developer. This is a rare chance to own a piece of Warrenton's heritage and capitalize on its vibrant downtown area. The property's central location and unique character make it an ideal investment for those seeking a high-return project with significant historical value. The existing structure provides a solid foundation for a creative and profitable venture.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1918
    Total area 7,150 SF
    Lot 110 ac (4,791,600 SF)
    APN E6B241
    UPID US53-4148918
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sharp Edges Landscaping
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kt Tornado LLC · 4 yrs held
    Kt Tornado LLC
    since 2022
    Last sale
    $180,000
    6 recorded transactions
    2022
    $250,000
    2022
    $180,000
    2021
    $85,000
    2020
    $65,000
    2018
    $150,000
    2013
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message