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    OFF-MARKET
    Warehouses

    124 Marine Dr, Edenton, NC 27932-9602

    16,000 SF 5 ac lot Built 2003
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-4359663
    Property summary
    AI-generated overview

    This exceptional 1,250-square-foot warehouse unit, located at 124 Marine Drive, Unit 111, Edenton, NC 27932, presents a fantastic opportunity. The property boasts a generous 25' x 50' footprint, offering ample space for storage and operations. The unit includes a functional 11' x 18' office and a 5' x 7' restroom, enhancing convenience and practicality. Access is facilitated by a 12' x 12' automatic overhead door, complemented by 36' wide front and back doors. The warehouse features a ceiling height ranging from 12' to 14', providing substantial vertical space. Electrical service is provided by a 100-amp power supply. The property sits on a 5-acre lot (APN: 781300777141) and benefits from ample shared parking. Zoned IW industrial, this warehouse is strategically located near the Edenton Airport, easily accessible off Soundside Road. The property's tax cost per square foot is $0. Note that additional 1,250 sq ft warehouse units in the immediate vicinity will become available soon. This presents a unique chance to secure a prime industrial space in a desirable location. The cross streets are Marine & Tower.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2003
    Construction STEEL FRAME
    Total area 16,000 SF
    Lot 5 ac (217,800 SF)
    Zoning code IW
    APN 781300777141
    UPID US53-4359663
    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
    • Spears' Diving Service Construction Company General Contractor
    • Fabtac Department Store
    • Lazy Weekends Landscaping and Yard Care Landscaping General Contractor
    • Eye Catcher Lures (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    GARRET COMPANY
    GARRET COMPANY
    Zoning & alternative use
    IW · Edenton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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