199 Gregory Frk Rd Richlands, NC 28574-8215
The following residential districts are hereby established: A-5, R-20, R-15, R-10, RM-10, R-8, RM-8, R-6 and RM-6. The purpose of each residential district is to secure for the persons who reside there a comfortable, healthy, safe and pleasant environment in which to live, sheltered from incompatible and disruptive activities that properly belong in non-resi…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-15 · Richlands, NCThe following residential districts are hereby established: A-5, R-20, R-15, R-10, RM-10, R-8, RM-8, R-6 and RM-6. The purpose of each residential district is to secure for the persons who reside there a comfortable, healthy, safe and pleasant environment in which to live, sheltered from incompatible and disruptive activities that properly belong in non-residential districts. (B) The A-5, R-20, R-15, R-10, RM-10, R-8, RM-8, R-6 and RM-6 Districts differ primarily in the density and dimensional requirements as contained in §§ 153.135 through 153.146 and in uses allowed as contained in § 153.080 : (1) The A-5 Agriculture District is designed to secure the agricultural integrity of the areas so classified and to allow for low-density single-family development on five-acre minimum lots. The uses encouraged in this district are primarily agricultural or forestry related. Residential developments of five units or more shall comply with the cluster subdivision provision outlined in § 153.145 . For the A-5 Agriculture District, in promoting the general purposes of this chapter, the specific intent of this district is: (a) To encourage the conservation of the area's existing agricultural and forestry resources and to promote the further expansion of these land-related resources; (b) To prohibit non-agricultural and non-forestry-related commercial and industrial use of the land and to prohibit any other influx of uses likely to render it undesirable for farms and low-density development; (c) To encourage the sensitive incorporation of low-density single-family or multi-family development into an agricultural and forested area in an effort to maintain rural character and conserve valuable lands; and (d) To discourage any use which, because of its character or size, would create requirements and cost for public services, such as police and fire protection, water supply and sewerage, substantially in excess of such requirements and cost if the district were developed solely for single-family purposes. (2) The R-20 Rural Residential District is designed to accommodate low-density single-family dwellings with 20,000 square feet minimum lots that may not be serviced with town sewer service or multi-family dwellings that are serviced with town sewer. For the R-20 Residential District, in promoting the general purposes of this chapter, the specific intent of this district is: (a) To encourage the construction of and the continued use of the land for low density single-family or multi-family dwellings; (b) To encourage the preservation of the rural character of the land;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.