136 Elm Rd Grover, NC 28073
Property profile & analytics
136 Elm Rd Grover, NC 28073
- Self storage facilities
- 5.00 lot acres
Property ID
US53-3266088
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Your Toy Box LLC / Storage Facility
Property Details for 136 Elm Rd
- Lot size
- 5.00 lot acres
- Property type
- Self storage facilities
Description
This exceptional 5-acre commercial property in Grover, NC, offers a prime investment opportunity. Located on Elm Road with 700 feet of frontage on I-85, this vacant, light industrial-zoned lot boasts a brand-new RV and boat storage facility. Permitted in 2022, the site features 153 parking spaces, is fully graveled and fenced, and includes key-pad entry for enhanced security. Currently at 4% occupancy, the property presents significant upside potential for growth. The pro-forma NOI is $69,300, yielding a 10.66% cap rate. The asking price is $650,000. This owner/user investment is ideal for an entrepreneur looking to capitalize on the high-traffic location and established infrastructure. The property's strategic positioning along I-85 ensures excellent visibility and accessibility, making it an attractive destination for RV and boat owners. The existing infrastructure, including the gravel surface and fencing, minimizes upfront capital expenditures. The key-pad entry system provides a secure environment for stored vehicles. This is a rare opportunity to acquire a well-positioned, ready-to-operate storage facility with substantial room for expansion and increased profitability. The property's zoning allows for continued operation as a storage facility, and the existing infrastructure provides a solid foundation for immediate revenue generation. The land itself is valued at $0/acre, making the building and business the primary investment components.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Grover
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.435937048583
- Latitude
- 35.169708706237
