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

    3562 Old Catawba Rd, Unit C Claremont, NC 28610

    • Manufacturing properties
    • 19,870 SF
    • 2.88 lot acres
    For Lease
    View listing
    $3,500 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    Current Use by Public Records

    • Catawba Mushroom Partners / Agricultural Production

    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

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    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

    Comparable in this City

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    • Value Estimation
      $1,270,000
      31,936 SF

      3437 Main St

      MANUFACTURING (LIGHT) • 31,936 SF
      3437 Main St, Claremont, NC 28610-8672
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    • Value Estimation
      $13,265,000
      368,024 SF

      2512 Penny Rd

      MANUFACTURING (LIGHT) • 368,024 SF
      2512 Penny Rd, Claremont, NC 28610-8634
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    • Value Estimation
      $1,895,000
      60,975 SF

      2377 Penny Rd

      MANUFACTURING (LIGHT) • 60,975 SF
      2377 Penny Rd, Claremont, NC 28610-8719
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    • Value Estimation
      $570,000
      53,370 SF

      2860 Oxford St

      MANUFACTURING (LIGHT) • 53,370 SF
      2860 Oxford St, Claremont, NC 28610-9602
      View Details
    • Value Estimation
      $7,500,000
      440,896 SF

      2555 Penny Rd

      MANUFACTURING (LIGHT) • 440,896 SF
      2555 Penny Rd, Claremont, NC 28610-8634
      View Details

    Similar Nearby for Sale

    • $995,000
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      Claremont Warehouse/Industrial Facility For Sale

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    • $600,000

      Warehouse/Manufacturing Building with Dock Doors

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      19,000+/- sq ft warehouse on 4.49+/- acres near I-40.
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    • $995,000
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      000+\/- sq.ft. warehouse space with offices. Can be divided into 3\/4 separate units for multi-business use and potential rental income. 3 phase wiring in place. 6 loading docks angled

      anchored & rebarred. 4 with newer docks seals & bumpers. 1 drive in door. Ample room for tractor trailer ingress & egress. Approximately 1.61 +\/- acres unimproved lot included for new construction - BUILD TO SUIT. Plenty of room for parking. Multiple uses for this one!""""}"""
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    • $250,000
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      Claremont Warehouse on 1.1 Acres

      8000 sq ft insulated warehouse on 1.1 acres near I-40.
      5481 Herman Rd, Claremont, NC 28610
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    • $800,000
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      40+ Acres in Claremont, NC

      Land with R-2 zoning, ideal for farming or development.
      E Us 70 Hwy, Claremont, NC 28610
      View Details
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    Claremont, NC 28610
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    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
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