304 King St Kinston, NC 28501-4920
6.3.8. RO Residential Office District. The RO district is intended to provide a means of orderly development in areas of mixed land uses, in areas which have a high strip commercial potential such as those adjacent to major highways and streets, and to provide areas for the development of land in a manner that does not create harmful effects on surrounding p…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
RO · Kinston, NC6.3.8. RO Residential Office District. The RO district is intended to provide a means of orderly development in areas of mixed land uses, in areas which have a high strip commercial potential such as those adjacent to major highways and streets, and to provide areas for the development of land in a manner that does not create harmful effects on surrounding properties and existing land uses. 6.3.9. O&I Office and Institutional District. The O&I district is established as a district in which the principal use of land is for residences, services, offices, and institutional types such as hospitals, medical offices, and clinics. In promoting the general purposes of this Ordinance, the specific intent of this district is to: 6.3.9.1. To encourage the construction of, and continued use of, land for offices and institutional uses; 6.3.9.2. To prohibit commercial and industrial uses of land which would generate large volumes of traffic or would interfere with the use of land for residential and office and institutional uses; 6.3.9.3. To encourage the discontinuance of existing uses that would not be permitted as new uses under the provisions of this section; 6.3.9.4. To encourage the development of areas which will serve as a buffer between business districts and residential districts provided for in this Ordinance. 6.3.10. B -1 General Business District. The B -1 district is established as a district in which to accommodate highway-oriented retail and commercial service businesses which generally have as their market area the entire town and surrounding area. The major objectives of this district are to (I) encourage planned commercial and office parks; (ii) encourage vehicular access from service drives and other local commercial streets rather than directly from arterial streets; and (iii) provide a location for major shopping facilities and land uses requiring large outdoor spaces. 6.3.11. B-2 Central Business District. The B-2 district is established to maintain the central city high-density business area for residents to obtain goods and services. 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 developed on a tract of land containing less than two (2) acres. 6.3.13. I-B Industrial Business District.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.