Property profile

40205 Nc 740th Hwy New London, NC 28127

OFF-MARKET
Auto shops
Property ID
US53-4086491
736 SF 3.01 ac lot Built 1950
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Total area 736 SF
Lot 3.01 ac (131,116 SF)
Zoning code H-B
APN 666103222162
UPID US53-4086491

Cap rate & NOI

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

Location

40205 Nc 740th Hwy New London, NC 28127-9677
New London metro Census 930102 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$40k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

H-B · New London, NC
Zoning description

4.4.5 H-B Highway Business District The H-B Highway Business District is primarily intended for properties located along major arteries in the community and provides for a wide variety of retail and commercial needs. 4.4…

General category COMMERCIAL

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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