Property profile

4299 Anderson Ave Farmville, NC 27828

OFF-MARKET
Manufacturing properties
Property ID
US53-1516791
85,771 SF 8.17 ac lot Built 1965
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 85,587-square-foot industrial property, located at 4299 Anderson Avenue in Farmville, North Carolina, presents a significant value-add opportunity. Situated on a generous 8.17-acre lot, this vacant warehouse boasts seven loading docks and a 14-foot ceiling height. Built in 1965, the structure is zoned ID - Industrial District, making it ideally suited for various industrial uses, including distribution, manufacturing, or warehousing. The asking price is $1,500,000, translating to $17.53 per square foot. The property's current condition requires complete renovation, offering a unique chance for an investor to reposition this asset in a strategic location within Pitt County. The property's size and zoning provide ample flexibility for redevelopment or adaptive reuse, catering to a wide range of industrial needs. The property's parcel number is 52247 and its location in Farmville, NC (zip code 27828) offers convenient access to transportation networks. This is a prime opportunity to acquire a substantial industrial property in need of renovation, presenting significant potential for future returns.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 85,771 SF
Lot 8.17 ac (355,885 SF)
Zoning code ID
APN 52247
UPID US53-1516791

Cap rate & NOI

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

Location

4299 Anderson Ave Farmville, NC 27828-2005
Farmville metro Census 1800 GREENVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
$648k
Blend (final) Blend
$740k

Owner & transaction history

since 2018
6 recorded transactions
2019
Price N/A
2018
$100,000
2010
$775,500
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ID · Farmville, NC
Zoning description

e 25 25 8 18 20 75% 35 n RMH A or B Residential Manufactured Housing 5,000 j 60 25 8 18 20 75% 35 n CBD Central Business District 2,500 j 20 0 b, c b, c c HBD Highway Business District 7,500 j 75 50 15 s 15 s 15 r 75% n…

General category INDUSTRIAL

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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