Property profile

198 Random Dr New London, NC 28127

OFF-MARKET
Industrial properties
Property ID
US53-1506901
171,000 SF 16.16 ac lot Built 1998
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Total area 171,000 SF
Lot 16.16 ac (703,930 SF)
Zoning code M-1
APN 663104804897
UPID US53-1506901

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
  • General Contractor

Location

198 Random Dr New London, NC 28127-8735
New London metro Census 930102 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.78M

Owner & transaction history

since 2006
7 recorded transactions
2012
Price N/A
2011
Price N/A
2010
Price N/A
2008
Price N/A
2007
Price N/A
2006
$2.7M
1969
Price N/A

Zoning & alternative use

M-1 · New London, NC
Zoning description

4.4.6 M-1 Light Manufacturing District The M-1 Light Manufacturing District is established for those areas where the principal land use is for manufacturing, industrial and warehousing uses. These uses by their nature ma…

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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