Property profile

124 Marine Dr Edenton, NC 27932

OFF-MARKET
Other warehouses
Property ID
US53-4359663
16,000 SF 5 ac lot Built 2003
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property includes a 1,250-square-foot industrial warehouse unit measuring approximately 25 feet wide by 50 feet deep, situated on a 5-acre lot and zoned for industrial use (IW). The unit contains a restroom sized about 8 feet by 10 feet and is accessed by a 12-foot by 12-foot overhead door plus 36-inch wide front and back doors. Ceiling height varies from approximately 13 to 16 feet. Electrical service includes three-phase 200-amp power and numerous electrical outlets. The warehouse portion does not include HVAC, while the restroom is equipped with baseboard heating. The warehouse is located near Edenton Airport on Soundside Road.

Property profile

Verified
Property type Other 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

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Department Store
  • Landscaping General Contractor
  • (Bike/Boat/Book/etc) Store

Location

124 Marine Dr Edenton, NC 27932-9602
Edenton metro Census 930102
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

Zoning & alternative use

IW · Edenton, NC
Zoning description

The IW District is established as a district in whi ch to allow primarily light manufacturing, assembly, research, warehousing, and intensive commercial uses. The regulations of this district are intended to (i) encourag…

General category INDUSTRIAL

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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