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    Property profile & analytics
    OFF-MARKET Estimated value $740,000
    Manufacturing properties

    4299 Anderson Ave, Farmville, NC 27828-2005

    85,771 SF 8.17 ac lot Built 1965
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US53-1516791
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Sapphire Consulting LLC · 8 yrs held
    Sapphire Consulting LLC
    since 2018
    6 recorded transactions
    2019
    2018
    $100,000
    2010
    $775,500
    2005
    1969
    1969
    Zoning & alternative use
    ID · Farmville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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