Property profile

12715 Downs Cir Pineville, NC 28134

OFF-MARKET
Warehouses
Property ID
US53-0117571
7,456 SF 1.82 ac lot Built 1951
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 12715 Downs Circle, offers 9,600 square feet of heavy industrial warehouse space. The property sits on a sizable 1.83-acre lot, completely fenced for enhanced security and operational efficiency. The building's classification is industrial, with a warehouse subtype, and is currently configured for multiple tenants, presenting a unique opportunity for businesses seeking flexible space solutions. The substantial square footage provides ample room for storage, manufacturing, or distribution operations. The expansive fenced yard offers additional outdoor storage or maneuvering space for trucks and equipment, significantly enhancing the property's functionality. This property is ideal for a variety of industrial uses, benefiting from its generous size and secure outdoor area. The multiple tenancy configuration allows for flexibility in lease terms and potential for shared operational costs. Interested parties are encouraged to inquire further to explore the possibilities this versatile industrial space presents. The property's location provides easy access to major transportation routes, further enhancing its logistical advantages. This is a rare opportunity to secure a significant industrial property in a desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1951
Total area 7,456 SF
Lot 1.82 ac (79,236 SF)
Zoning code GI
APN 20503209
UPID US53-0117571

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
  • Community Center
  • Auto Repair Shop

Location

12715 Downs Cir Pineville, NC 28134-8366
Pineville metro Census 5824 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.00M

Owner & transaction history

since 2024
Last sale
$2.0M
6 recorded transactions
2024
Price N/A
2024
$2.0M
2011
$526,000
1989
$92,500
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GI · Pineville, NC
Top alternative use upside
Medical building $2.7M +182.1%
Office building $2.6M +176.3%
Retail stores $2.4M +147.7%

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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