Property profile

211 Pextile Plant Rd Stoneville, NC 27048

OFF-MARKET
Manufacturing properties
Property ID
US53-1365586
35,664 SF 5 ac lot Built 1961
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This 35,400-square-foot warehouse, located at 211 Pextile Plant Rd, Stoneville, NC 27048, is offered for sale at $325,000. The property boasts a price per square foot of $9.18, with a land value of $9 per square foot. Situated conveniently on US 220/73 between Greensboro, NC and Martinsville, VA, it's only 8.4 miles south of the Commonwealth Crossing Business Center in Ridgeway, VA. While the building has been vacant for several years and requires significant renovations, it presents a compelling investment opportunity. Deferred maintenance includes the need for a complete roof replacement and rewiring, as the existing wiring has been stolen. Offices and restrooms will require complete rebuilding. Despite these needs, the warehouse features remarkably flat concrete floors, and ample outdoor space is available for trailer storage. Local utility companies have confirmed the feasibility of connecting water service to the site. This property offers significant potential for redevelopment and is ideally positioned for a variety of industrial uses. The substantial square footage and strategic location make this a rare opportunity in Rockingham County.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 35,664 SF
Lot 5 ac (217,800 SF)
Zoning code LIGHT INDUSTRIAL COUNTY
APN 7928-00-61-5437-00
UPID US53-1365586

Cap rate & NOI

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

Location

211 Pextile Plant Rd Stoneville, NC 27048-8062
Stoneville metro Census 40602 GREENSBORO-HIGH POINT, 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
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2024
Last sale
$280,000
2 recorded transactions
2024
$280,000
2005
$168,000

Zoning & alternative use

LIGHT INDUSTRIAL COUNTY · Stoneville, NC

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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