Property profile

34088 Herlocker Rd New London, NC 28127

OFF-MARKET
Commercial real estate
Property ID
US53-0096853
5,200 SF 2 ac lot Built 1996
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1996
Total area 5,200 SF
Lot 2 ac (87,120 SF)
Zoning code M-1
APN 663204711564
UPID US53-0096853

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor

Location

34088 Herlocker Rd New London, NC 28127-8614
New London metro Census 930102 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$541k
Blend (final) Blend
$310k

Owner & transaction history

since 2004
5 recorded transactions
2018
Price N/A
2004
$145,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 · New London, NC
Zoning description

4.4.6 M-1 Light Manufacturing District The M-1 Light Manufacturing District is established for those areas where the principal land use is for manufacturing, industrial and warehousing uses. These uses by their nature ma…

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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