Property profile

1848 Gkn Way Newton, NC 28658

OFF-MARKET
Manufacturing properties
Property ID
US53-1580503
259,556 SF 19.8 ac lot Built 1986
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1986
Construction CONCRETE BLOCKS
Total area 259,556 SF
Lot 19.8 ac (862,488 SF)
Zoning code M-1
APN 3648-17-22-2199
UPID US53-1580503

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
  • Industrial Manufacturer Production Facility

Location

1848 Gkn Way Newton, NC 28658-9072
Newton metro Census 11601 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.84M
Blend (final) Blend
$8.28M

Owner & transaction history

since 2011
1 recorded transaction
2011
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
Top alternative use upside
Commercial (general) $13.3M +81.6%

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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