Property profile

1390 Nc 16th Hwy Newton, NC 28658

OFF-MARKET
Strip malls
Property ID
US53-1024047
49,226 SF 5.68 ac lot Built 1987
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 49,226 SF
Lot 5.68 ac (247,421 SF)
Zoning code PD-SC-C
APN 3740-18-40-4916
UPID US53-1024047

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1390 Nc 16th Hwy Newton, NC 28658-1673
Newton metro Census 11300 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$773k
Blend (final) Blend
$740k

Owner & transaction history

since 2015
4 recorded transactions
2016
Price N/A
2015
Price N/A
2015
$736,500
1969
Price N/A

Zoning & alternative use

PD-SC-C · Newton, NC
Zoning description

The intent of the this district is to provide for community shopping centers of 50000 to 100000 square feet, serving nearby trade areas, anchored by a variety or grocery store, and located with direct access to collector…

General category PLANNED_DEVELOPMENT

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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