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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1885 Alamac Rd Lumberton, NC 28358

    • Flex space
    • 373,485 SF
    • 102.67 lot acres
    For Lease
    View listing
    Last Sale
    Jul 01, 2022
    $4,650,000
    Value Estimations
    $3,590,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2525440
    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.

    Current Use by Public Records

    • Quickie Warehouse / Warehouse

    Property Details for 1885 Alamac Rd

    Year built
    1962
    Lot size
    102.67 lot acres
    Property size
    373,485 SF
    Property type
    Flex space
    APN
    101702033
    APU
    101702033

    Description

    This expansive industrial warehouse, located at 1885 Alamac Rd, Lumberton, NC 28358, offers a significant opportunity for businesses seeking flexible space options. The property boasts a total of 384,701 square feet, situated on a substantial 151.79-acre lot. Currently, the entire 384,701 square feet is vacant and available for lease or sale. The warehouse features a single story with ceiling heights ranging from 22 to 31 feet, providing ample vertical space for various operational needs. Access is facilitated by 25 dock-high doors and 3 drive-in doors, ensuring efficient loading and unloading. Ample parking is provided with 650+ paved, marked, and lighted spaces. The property was built in 1962 and underwent renovations in 2023. The minimum divisible space is 14,027 square feet, allowing for adaptability to different business requirements. The property is zoned RA and has APN numbers 1017-02-033 and 1017-02-03301 in Robeson County. This prime location presents a unique chance to acquire or lease a substantial industrial space in Lumberton, North Carolina.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,685,000
      ML approach
      $4,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,312,000
      Market price range: $2.36M - $7.50M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,675,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lumberton
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.0024
    Latitude
    34.589
    CBSA code
    31300
    CBSA name
    LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $28,170
    $665,400
    $2,414,400
    $3,079,800
    -
    $665,400
    $2,414,400
    $3,079,800

    Comparable in this City

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    • Value Estimation
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      4625 5th St

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      2880 Kenny Biggs Rd

      LIGHT INDUSTRIAL • 418,000 SF
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    • Value Estimation by Request
      384,152 SF

      102 Elkay Way

      LIGHT INDUSTRIAL • 384,152 SF
      102 Elkay Way, Lumberton, NC 28358-2476
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    • Value Estimation
      $910,000
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      Starlite Dr

      LIGHT INDUSTRIAL • 118,875 SF
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      View Details
    • Value Estimation
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      710 Town Cmn St

      LIGHT INDUSTRIAL • 21,715 SF
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    Similar Nearby for Sale

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      Lumberton Storage Portfolio For Sale

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      384,701 SF

      Lumberton Industrial Facility - 384,701 SF

      Prime Lumberton Distribution/Manufacturing Space
      1885 Alamac Rd, Lumberton, NC 28358
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      Lumberton Storage Portfolio For Sale

      Three-property storage portfolio with expansion and revenue growth opportunities.
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    • $1,370,000
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      Lumberton Industrial Property for Sale

      Industrial property available for sale in Lumberton, North Carolina.
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    • $1,300,000
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      Lumberton Retail Center - High Traffic Area

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    Similar Nearby for Lease

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      Lumberton Industrial Space Available

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    • Contact for pricing
      384,701 SF

      Lumberton Warehouse: 384,701 SF

      Large industrial warehouse, flexible space available.
      1885 Alamac Rd, Lumberton, NC 28358
      View Details
    • $3 SF/Yr
      200,000 SF

      Lumberton Warehouse/Manufacturing Space Available

      200,000 SF manufacturing/warehouse space for lease in Lumberton, NC.
      4715 W 5Th St, Lumberton, NC 28358
      View Details
    • $2,000 /Mo
      23,087 SF

      Warehouse with Loading Dock

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      View Details
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      2,903 SF

      Retail Space in Twin Oaks

      Retail space available in Lumberton's Twin Oaks Shopping Center.
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      Lumberton Office/Retail Space For Rent

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      View Details
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    Lumberton, NC 28358
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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