Property profile

215 Laurel Ave Grover, NC 28073

OFF-MARKET
Other warehouses
Property ID
US53-2835615
26,000 SF 2.49 ac lot Built 1968
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 7.4-acre site (Parcel ID 57181) located in Downtown Grover. It is zoned Light Industrial and has street frontage on Laurel Ave and Maple Ave, with the rear corner extending to Cherry St. The site is approximately 3 minutes from I-85 and about 5 miles from 2 Kings Casino. Four buildings are located on the property, and the complex has been primarily used for storage purposes.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1968
Total area 26,000 SF
Lot 2.49 ac (108,552 SF)
Zoning code LI
APN 59082
UPID US53-2835615

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
  • Freight Service Logistics Company

Location

215 Laurel Ave Grover, NC 28073-1207
Grover metro Census 950604 SHELBY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
$702k
Blend (final) Blend
$595k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LI · Grover, NC
Zoning description

The purpose of Light Industrial district is to accommodate limited manufacturing, warehousing, wholesaling, and related commercial and service activities which have little or no adverse impact upon adjoining residential,…

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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