Property profile

508 Mulberry SW St Lenoir, NC 28645

OFF-MARKET
Industrial properties
Property ID
US53-1786122
3,564 SF 0.29 ac lot Built 1890
Individually Owned Free & Clear
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Property summary

AI-generated overview

This meticulously maintained, 2,852 square foot office building in Lenoir, NC, presents a fantastic investment opportunity. Situated on a 0.32-acre lot, the property boasts six spacious offices, all featuring attractive hardwood floors. The main level comprises three offices, one highlighted by a charming natural gas fireplace. A fully equipped kitchen, complete with refrigerator, dishwasher, drop-in range, and ample cabinetry and storage, is also located on the main level, along with a half bath incorporating a cleverly concealed room providing laundry facilities, a natural gas water heater, and additional storage. A heated storage room, accessible from both inside the building and via the rear parking lot, adds to the property's versatility. Upstairs, three more offices offer built-in bookcases, complemented by a full bathroom featuring a shower and vintage vanity, plus extra storage. Convenient parking is available both on the street and in a shared rear parking area, with two additional building entrances from this area. The property also includes an unheated basement accessible from the interior and a 374 square foot outbuilding with electricity, ideal for extra storage or other uses. The building is zoned O-I.

Property profile

Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 1890
Total area 3,564 SF
Lot 0.29 ac (12,500 SF)
APN 06 35 5 15
UPID US53-1786122

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
  • Accounting Firm Tax Preparation

Location

508 Mulberry SW St Lenoir, NC 28645-5725
Lenoir metro Census 30100 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

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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