Property profile

1605 Main Ave Newton, NC 28658

OFF-MARKET
Warehouses
Property ID
US53-0275025
4,000 SF 1.03 ac lot Built 1950
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Total area 4,000 SF
Lot 1.03 ac (44,867 SF)
Zoning code M-1
APN 3740-05-19-0006
UPID US53-0275025

Cap rate & NOI

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

Location

1605 Main Ave Newton, NC 28658-2943
Newton metro Census 11200 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

M-1 · Newton, NC
Zoning description

The M-1 districts provide a place for the location of manufacturing and other uses which would be incompatible with general business areas. It is intended to permit in these districts any use which is inherently obnoxiou…

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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