Property profile

52 Hwy N Hwy New London, NC 28127

OFF-MARKET
Warehouses
Property ID
US53-2364263
227,504 SF 30 ac lot Built 1997
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1997
Total area 227,504 SF
Lot 30 ac (1,306,800 SF)
Zoning code M-1
APN 663203205410
UPID US53-2364263

Cap rate & NOI

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

Location

52 Hwy N Hwy New London, NC 28127
New London metro Census 930102 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.13M
Blend (final) Blend
$1.52M

Owner & transaction history

since 2019
2 recorded transactions
2019
$2.3M
2007
Price N/A

Zoning & alternative use

M-1 · New London, NC
Zoning description

4.4.6 M-1 Light Manufacturing District The M-1 Light Manufacturing District is established for those areas where the principal land use is for manufacturing, industrial and warehousing uses. These uses by their nature ma…

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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