Property profile

412 Park Ave Kinston, NC 28501

FOR LEASE
Warehouses
Property ID
US53-2711455
32,800 SF 20.6 ac lot Built 1980
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,800 square foot industrial property in Kinston, North Carolina, presents a fantastic opportunity for businesses seeking flexible warehouse or distribution space. Located at 412 Park Ave, Kinston, NC 28501, this property offers a convenient location, boasting multiple tenancy options within its single building. The building's versatile design caters to a range of industrial needs, encompassing warehouse, distribution, and flex space capabilities. Its prime location offers easy access to major transportation routes, enhancing logistical efficiency. The property is situated near the Kinston Wood Ducks Baseball Stadium, providing high visibility and convenient access for employees and clients. This 2,800 square foot space is ready for immediate occupancy, providing a cost-effective solution for businesses seeking to expand or relocate. The property is classified as industrial and is part of the Kinston, NC submarket. Interested parties are encouraged to inquire further to explore the possibilities this adaptable space offers. The property's address is easily accessible and well-suited for various industrial operations. This is a rare opportunity to secure a well-located and functional industrial space in a thriving area. The building's size and layout are ideal for a variety of businesses, making it a highly desirable property.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1980
Total area 32,800 SF
Lot 20.6 ac (897,336 SF)
Zoning code I1
APN 452511566894
UPID US53-2711455

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
  • Storage Facility
  • Nightclub Music Venue

Location

412 Park Ave Kinston, NC 28501
Kinston metro Census 10500 KINSTON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$866k
Blend (final) Blend
$710k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2021
Price N/A

Zoning & alternative use

I1 · Kinston, NC

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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