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Property profile & analytics
OFF-MARKET Estimated value $19,960,000
Warehouses

286 Houston Rd Troutman, NC 28166-8741

311,280 SF 22.25 ac lot Built 2008
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US53-5424502
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 311,280 SF
Lot 22.25 ac (969,123 SF)
Zoning code HB
APN 4750-06-8423.000
UPID US53-5424502
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$19.96M
Owner & transaction history
Lowes Home Centers INC · 18 yrs held
Lowes Home Centers INC
since 2008
2 recorded transactions
2008
$597,000
2006
$140,000
Zoning & alternative use
HB · Troutman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

DISTRICT OI NC CB LC HB LI & HI Office and Institutional Neighborhood Center Central Business Local Commercial Highway Business Industrial 1. DEVELOPMENT HI is Conditional Only A. Maximum Density 4 dwelling units/acre no max no max No max no max n/a B. Required Open Space/ Park Space n/a 10% n/a n/a n/a n/a C. Perimeter Buffer (see also 5.1.5.A) Buffers requ…

Zone name Highway Business
General category COMMERCIAL
Zone area 426.16 ac
Source Ordinances | Troutman, NC
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