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Property profile & analytics
OFF-MARKET Estimated value $695,000
Commercial real estate

2720 Piney Grn Rd Midway Park, NC 28544-1484

5,650 SF 1.2 ac lot Built 1975
Entity Owned Free & Clear
Property ID
US53-1649685
Property summary
AI-generated overview

This exceptional 1.2-acre commercial property, located at 2720 Piney Green Road in Midway Park, North Carolina, presents a unique investment opportunity. Currently utilized as the Piney Green Volunteer Fire Department, the property boasts a substantial 5,650 square foot building, featuring five bays, a full kitchen, multiple bathrooms, dedicated office space, and ample storage. The building is situated on a 5,500 square foot lot and is zoned for commercial use. The fire department is in the process of relocating, opening up exciting possibilities for redevelopment or repurposing. This prime location in Onslow County, with its convenient access to Jacksonville, NC (zip code 28544), offers significant potential for a variety of commercial ventures. The asking price for this exceptional property is $705,000. The property's existing infrastructure, including the substantial building and its various amenities, provides a solid foundation for a wide range of commercial uses. This is a rare opportunity to acquire a well-located, established commercial property with significant potential for future growth and profitability.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 5,650 SF
Lot 1.2 ac (52,272 SF)
Zoning code RSF-20
APN 40476
UPID US53-1649685
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
  • Piney Green Vol Fire Department Fire Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$600k
Comparable Approach Comparable
$801k
Blend (final) Blend
$695k
Owner & transaction history
PINEY GREEN VOLUNTEER FIRE DEPARTMENT
PINEY GREEN VOLUNTEER FIRE DEPARTMENT
Zoning & alternative use
RSF-20 · Midway Park, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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