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    OFF-MARKET
    Manufacturing properties

    211 Pextile Plant Rd, Stoneville, NC 27048-8062

    35,664 SF 5 ac lot Built 1961
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US53-1365586
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Abbott Properties LLC · 1 yrs held
    Abbott Properties LLC
    since 2024
    Last sale
    $280,000
    2 recorded transactions
    2024
    $280,000
    2005
    $168,000
    Zoning & alternative use
    LIGHT INDUSTRIAL COUNTY · Stoneville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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