232 Newsome Rd, King, NC 27021-8507
This exceptional 6,000-square-foot single-tenant property, located at 232 Newsome Road in King, North Carolina, presents a unique investment opportunity. Situated on a 1.09-acre lot, this versatile space boasts a diverse range of potential uses, including traditional office, medical office, manufacturing, flex space, warehouse, creative office, and distribution. Built in 1984 and renovated in 1994, the building features a single story with a 12-foot ceiling height. The property includes one loading dock with one dock-high door, providing convenient access for loading and unloading. Ample parking is available, with a total of 30 spaces, accommodating both front and rear building access. The property benefits from a convenient location just off I-74/Hwy 52, King, NC Exit 123, offering easy access to major transportation routes. The interior layout includes several existing offices and a large 2,000-square-foot open area, adaptable to various needs. The property is zoned LI (Light Industrial) and has an APN of 5991578526. Three-phase power is available. This property is currently vacant and ready for immediate occupancy. The property's location in the Rural Hall submarket cluster of Winston Salem offers a blend of accessibility and a desirable business environment.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
L-I · King, NCKing. Always verify with local authorities before improvements.
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.