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Property profile & analytics
OFF-MARKET
Commercial real estate

1371 Alligator Loop Rd Merritt, NC 28556

2.2 ac lot
Property ID
US53-5077711
Property summary
AI-generated overview

This exceptional 2.2-acre commercial land parcel presents a unique investment opportunity in Merritt, North Carolina. Located at 1371 Alligator Loop Road, this property boasts 176 feet of road frontage, providing excellent visibility and accessibility. The land is currently wooded and offers significant development potential for a variety of commercial uses. Note that the acreage is an approximation, as it's currently part of a larger deed description; only the specified 2.2 acres (give or take) are being sold. A separate deed will be issued upon sale, at which point the tax value will be determined. An easement exists on one side of the property, providing additional frontage onto John Deere Road. Importantly, there is no homeowner's association (HOA), offering flexibility for development plans. While the lot has not undergone a perc test, its size and location make it an attractive prospect for commercial ventures. The asking price is $28,000, translating to approximately $12,727.27 per acre. The property's APN is I-06-87. This is a prime opportunity to acquire a sizable commercial lot in a desirable location. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Lot 2.2 ac (95,832 SF)
APN I-06-87
UPID US53-5077711
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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