Property profile

2621 Ashe Ave Newton, NC 28658

OFF-MARKET
Warehouses
Property ID
US53-0564603
84,352 SF 4.27 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Construction WOOD FRAME
Total area 84,352 SF
Lot 4.27 ac (186,001 SF)
Zoning code M-1
APN 3731-16-93-3444
UPID US53-0564603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2621 Ashe Ave Newton, NC 28658-2718
Newton metro Census 11200 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$944k
Blend (final) Blend
$925k

Owner & transaction history

since 2023
Last sale
$825,000
6 recorded transactions
2023
$825,000
2021
$530,000
2020
Price N/A
2020
Price N/A
2008
Price N/A
2004
$475,000

Zoning & alternative use

M-1 · Newton, NC
Zoning description

The M-1 districts provide a place for the location of manufacturing and other uses which would be incompatible with general business areas. It is intended to permit in these districts any use which is inherently obnoxiou…

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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