Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3255 20th SE Ave Newton, NC 28658-8572

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3255 20th SE Ave Newton, NC 28658-8572

    View on Map
    • Truck terminals
    • 136,830 SF
    • 29.13 lot acres
    Off-Market
    Last Sale Aug 24, 2022
    $8,800,000
    Property ID
    US53-1634713
    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.
    Value Estimations
    $8,670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truck terminals

    Property Details for 3255 20th SE Ave

    Year built
    1995
    Lot size
    29.13 lot acres
    Property size
    136,830 SF
    Zone code
    IND
    Property type
    Truck terminals
    APN
    3721-15-74-0676
    APU
    372115740676

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,080,000
      ML approach
      $8,415,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,180,000
      RESTAURANT
      $11,035,000
      OFFICE BUILDING
      $9,220,000
      COMMERCIAL (GENERAL)
      $8,965,000
      AUTO REPAIR, GARAGE
      $8,645,000
      MEDICAL BUILDING
      $7,395,000
      APARTMENT HOUSE (5+ UNITS)
      $6,335,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2671
    Latitude
    35.6929
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, 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
    2023
    $53,067
    $745,000
    $5,472,600
    $6,217,600
    -
    $745,000
    $5,472,600
    $6,217,600

    Comparable in this City

    • Value Estimation
      $2,420,000
      143,979 SF

      1936 Amity St

      TRUCK TERMINAL (MOTOR FREIGHT) • 143,979 SF
      1936 Amity St, Newton, NC 28658-8985
      View Details
    • Value Estimation
      $875,000
      51,210 SF

      775 Boundary St

      TRUCK TERMINAL (MOTOR FREIGHT) • 51,210 SF
      775 Boundary St, Newton, NC 28658-9552
      View Details
    • Value Estimation
      $795,000
      44,100 SF

      1459 Robinwood Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 44,100 SF
      1459 Robinwood Rd, Newton, NC 28658-8322
      View Details
    • Value Estimation
      $1,005,000
      44,600 SF

      2011 Fairgrove Church Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 44,600 SF
      2011 Fairgrove Church Rd, Newton, NC 28658-8598
      View Details
    • Value Estimation
      $600,000
      32,440 SF

      1630 Southfork Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 32,440 SF
      1630 Southfork Dr, Newton, NC 28658-7458
      View Details
    • Value Estimation by Request
      40,000 SF

      2010 Eastern Industrial Dr

      Distribution properties • 40,000 SF
      2010 Eastern Industrial Dr, Newton, NC 28658
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      63,000 SF

      Industrial/Manufacturing Building Near Downtown

      63,000 +/- SF industrial/manufacturing building for sale.
      912 N Main Ave, Newton, NC 28658
      View Details
    • $375,000
      1.40 Acres

      Versatile Commercial Property in Newton

      Income-producing commercial space with room to grow in Newton, NC.
      1904 N Rankin Ave, Newton, NC 28658
      View Details
    • Contact for pricing

      Downtown Newton Auto Shop For Sale

      Auto shop with lifts and office in downtown Newton.
      11 E B St, Newton, NC 28658
      View Details
    • Contact for pricing

      Historic Oakwood Dairy Farm Estate

      Historic 18.78-acre farm with agri-tourism zoning and wildlife conservancy.
      3651 W Nc 10 Hwy, Newton, NC 28658
      View Details
    • $150,000
      1.14 Acres

      Residential Land in Established Subdivision

      1.14 acres for custom home near highways, shopping, dining.
      1625 Summerlin Pl, Newton, NC 28658
      View Details
    • $389,000
      7.03 Acres

      Commercial Land Near Highway 10

      7.03-acre commercial lot near Highway 10 and Startown Road.
      7.03 Acres 5 Hwy 10 W, Newton, NC 28658
      View Details

    Similar Nearby for Lease

    • $24,000

      Downtown Newton Commercial Lease Opportunity

      Prime commercial land and building for lease in downtown Newton.
      207 E 2Nd St, Newton, NC 28658
      View Details
    • Contact for pricing

      Retail Spaces in Marketplace Center

      Retail spaces for lease in Newton, NC.
      2725 Northwest Blvd, Newton, NC 28658
      View Details
    • Contact for pricing
      10,400 SF

      Hickory Retail Space - 10,400 SF

      Prime Retail Building, Hickory, NC
      1240 Us Highway 70, Hickory, NC 28658
      View Details
    • $5,000 /Mo
      5,150 SF

      Newton Retail Space - 5150 SF

      High-traffic retail space, ample parking, move-in ready.
      110 E A St, Newton, NC 28658
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3255 20th SE Ave
    Newton, NC 28658-8572
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!