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Property profile & analytics
OFF-MARKET Estimated value $11,880,000
Warehouses

400 Mccotter Blvd Havelock, NC 28532-3220

9,600 SF 3.5 ac lot Built 1989
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US53-2586239
Property summary
AI-generated overview

This stabilized self-storage facility in Havelock, North Carolina, presents a compelling investment opportunity. The property boasts 1,526 units totaling 191,469 net rentable square feet, offering a mix of ground-level drive-up and climate-controlled interior storage spaces. Currently operating at 78.1% occupancy as of September 30, 2024, the facility benefits from a prime location near Marine Corps Air Station Cherry Point, supporting a robust local economy and a consistent demand for storage solutions. The 12.3-acre lot provides ample space. Convenient amenities include on-site dollies and handcarts, month-to-month leases, and the availability of boxes and supplies for purchase, along with online reservations and bill pay. The property's strategic location near Interstate 70 ensures easy accessibility for customers in surrounding areas. The Havelock area is experiencing significant growth, further enhancing the property's long-term potential. This investment offers attractive pricing and the potential to increase income through supplemental streams such as tenant insurance and merchandise sales. The proximity to Cherry Plaza Shopping Center and Atlantic Beach adds to the area's appeal. Future infrastructure upgrades and commercial expansions are expected to further boost Havelock's economic performance, making this a strong investment with promising returns.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1989
Total area 9,600 SF
Lot 3.5 ac (152,460 SF)
APN 6-220-A -112
UPID US53-2586239
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FreeUp Storage Havelock Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$11.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.74M
Blend (final) Blend
$11.88M
Owner & transaction history
Freeup Storage Havelock LLC · 4 yrs held
Freeup Storage Havelock LLC
since 2022
Last sale
$15.5M
1 recorded transaction
2022
$15.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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