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Property profile & analytics
FOR SALE
Warehouses
5995 Gas Plant Ln, Grifton, NC 28530
Entity Owned
21-yr Hold
Free & Clear
Property ID
US53-2206797
For Sale
1 / 15
$95,000
5995 Gas Plant Ln, Grifton, NC 28530
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Property summary
AI-generated overview
This 2.65-acre property in Grifton, North Carolina, presents a unique investment opportunity. Located at 5995 Gas Plant Ln, Pitt County, NC 28530 (APN 09209), this land is zoned RA-20, allowing for both residential and agricultural uses. The secluded lot offers significant privacy, being set back from the main road and surrounded by a mix of residential and agricultural properties. Previously used as a tank storage yard, the property includes a 1,664 square foot pole barn with a concrete floor, and two additional smaller storage sheds. Electricity is available, having previously powered the pole barn. Access is via an unmaintained gravel lane. The property's location near NC-11 provides convenient access to nearby amenities. This versatile land parcel offers a blend of tranquility and accessibility, making it ideal for a variety of development or agricultural pursuits. The asking price is $95,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,664 SF
Lot
2.65 ac (115,434 SF)
Zoning code
RA20MH
APN
9209
UPID
US53-2206797
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jenkins Gas & Oil Co INC · 21 yrs held
Jenkins Gas & Oil Co INC
since 2005
1 recorded transaction
Zoning & alternative use
RA20MH · Grifton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grifton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$865
Tax year 2023
Assessed value
$103,238
Assessed 2023
Previous assessed
$103,238
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$42,930
Assessed improvement
$60,308
Land market value
$42,930
Improvement market value
$60,308
Total market value
$103,238
Applied tax rate
45.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Bathrooms
0
Total area
1,664 SF
Lot
2.65 ac (115,434 SF)
Zoning code
RA20MH
APN
9209
UPID
US53-2206797
Jurisdiction
PITT
Zoning & alternative use
RA20MH · Grifton, NC
Zoning RA20MH · permitted uses
RA20MH · Grifton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grifton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
0
Lot
2.65 ac
Current owner
From public records · entity-resolved
Jenkins Gas & Oil Co INC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 206, WHIPPANY, NJ 07981-0206
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2005
$56,500
Jenkins Gas & Oil Co INC
Jenkins Gas & Oil Co INC
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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