3562 Old Catawba Rd Claremont, NC 28610
Property profile & analytics
3562 Old Catawba Rd Claremont, NC 28610
- Manufacturing properties
- 19,870 SF
- 2.88 lot acres
Property ID
US53-0856390
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.
Location Intelligence
Current Use by Public Records
- Catawba Mushroom Partners / Production Facility
Property Details for 3562 Old Catawba Rd
- Year built
- 1981
- Construction
- WOOD
- Lot size
- 2.88 lot acres
- Property size
- 19,870 SF
- Zone code
- M-1
- Property type
- Manufacturing properties
- APN
- 3762-20-70-9130
- APU
- 376220709130
Description
This exceptional Claremont, NC industrial property offers a compelling investment opportunity. The 19,000-square-foot warehouse, built in 1981 and extensively renovated in 2021, boasts a 100% occupancy rate across three units. The property features seven loading docks (six dock-high), varying ceiling heights (11-13 feet), and ample space for tractor-trailers. Recent upgrades include a new roof (2021) with a transferable warranty, and new HVAC systems (2021) in Units A & D. The well-maintained building, constructed of concrete cinder block with sprayed foam insulation, has withstood significant weather events. The property sits on a 4.49-acre lot, including a 1.51-acre vacant lot suitable for expansion, zoned M-1 for warehouse/storage use. The current Net Net (NN) leases generate a strong NOI of $83,220, resulting in an attractive 8.36% cap rate. The asking price is $995,000, representing a price per square foot of $52.37 and a price per unit of $331,667. The property's strategic location, just two miles from Interstate 40, provides excellent access to major transportation routes. Detailed unit breakdowns are available upon request, including lease terms and specific square footage for each unit. This is a stabilized, value-add investment with significant potential for future growth. The property's robust construction, recent renovations, and strong tenant occupancy make it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Claremont
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.1294
- Latitude
- 35.7099
- 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
$2,697
$73,700
$202,500
$276,200
-
$73,700
$202,500
$276,200
