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    Property profile & analytics

    2616 Eldridge Rd Newton Grove, NC 28366-8640

    • Warehouses
    • 6,000 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 01, 2021
    Location Intelligence
    Property ID
    US53-2423467
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 2616 Eldridge Rd

    Year built
    1975
    Lot size
    2.50 lot acres
    Property size
    6,000 SF
    Zone code
    RAG
    Property type
    Warehouses
    APN
    09J16027A
    APU
    09J16027A

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newton Grove
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.3976
    Latitude
    35.2805
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $972
    $43,560
    $76,420
    $119,980
    -
    $43,560
    $76,420
    $119,980

    Comparable in this City

    • Value Estimation
      $340,000
      2,400 SF

      3550 Shaws Pond Rd

      WAREHOUSE, STORAGE • 2,400 SF
      3550 Shaws Pond Rd, Newton Grove, NC 28366
      View Details
    • Value Estimation
      $230,000
      4,500 SF

      12181 Nc Hwy 50th S

      WAREHOUSE, STORAGE • 4,500 SF
      12181 Nc Hwy 50th S, Newton Grove, NC 28366
      View Details
    • Value Estimation
      $380,000
      8,400 SF

      1683 Barefoot Rd

      WAREHOUSE, STORAGE • 8,400 SF
      1683 Barefoot Rd, Newton Grove, NC 28366-9680
      View Details
    • Value Estimation
      $485,000
      3,720 SF

      7980 Harper House Rd

      WAREHOUSE, STORAGE • 3,720 SF
      7980 Harper House Rd, Newton Grove, NC 28366-8720
      View Details
    • Value Estimation by Request
      3.23 Acres

      1581 Harnett Dunn Hwy

      MINI-WAREHOUSE, STORAGE • 3.23 Acres
      1581 Harnett Dunn Hwy, Newton Grove, NC 28366-7226
      View Details
    • Value Estimation by Request
      73.00 Acres

      3430 Oak Grv Church Rd

      MINI-WAREHOUSE, STORAGE • 73.00 Acres
      3430 Oak Grv Church Rd, Newton Grove, NC 28366-7060
      View Details

    Similar Nearby for Sale

    • New
      $329,900
      4.16 Acres

      Commercial Building on Large Parcel

      Commercial building on 4+ acres with full kitchen.
      4400 Newton Grove Hwy, Newton Grove, NC 28366
      View Details
    • $50,000
      Pending

      Cleared Land in Newton Grove

      1.5 acre corner lot ready for a dream home.
      9501 Harper House Rd, Newton Grove, NC 28366
      View Details
    • $700,000
      5.32 Acres

      Prime NC Commercial Land - I-40 & NC 55

      5.32 acres, ideal retail/restaurant location.
      0 Auto Way Dr, Newton Grove, NC 28366
      View Details
    • $125,000
      3.17 Acres

      Cleared Land in Newton Grove

      3+ acre lot with potential for home or small farm.
      Mill Creek Church Rd, Newton Grove, NC 28366
      View Details
    • $700,000
      5 SF

      Land For Sale Newton Grove

      Land for sale at I-40 and NC 55 Hwy.
      Auto Way Dr, Newton Grove, NC 28366
      View Details
    • $682,000
      20.51 Acres

      20.51 Acres in Newton Grove

      Residential and agricultural land in a prime Newton Grove location.
      10455 Us Highway 701, Newton Grove, NC 28366
      View Details
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    2616 Eldridge Rd
    Newton Grove, NC 28366-8640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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