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Property profile & analytics
OFF-MARKET Estimated value $6,335,000
Outlet malls

2509 Herritage St Thru Kinston, NC 28501-1540

48,024 SF 5.4 ac lot Built 1993
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-2743695
Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1993
Total area 48,024 SF
Lot 5.4 ac (235,224 SF)
Zoning code SC
APN 452613123990
UPID US53-2743695
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
Current use
Occupant on record · Public records
  • A&A Kitchen Restaurant
  • Roses Discount Store Discount Store
  • Taqueria Michuacan #2 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.10M
Blend (final) Blend
$6.34M
Owner & transaction history
Cf Kinston Ventures LLC · 5 yrs held
Cf Kinston Ventures LLC
since 2020
3 recorded transactions
2020
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
SC · Kinston, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

6.3.12. SC Shopping Center District. The SC district is established to accommodate shopping center developments. A shopping center is defined as a group of commercial establishments, planned, developed, owned or managed as a unit, with off -street parking provided on the property; however, this shall not apply to a group of commercial establishments develope…

Zone name Shopping Center
General category COMMERCIAL
Zone area 328.44 ac
Source Unified Development Ordinance
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