Property profile

602 Garnett St Henderson, NC 27536

OFF-MARKET
Warehouses
Property ID
US53-4092657
34,212 SF 0.76 ac lot Built 1955
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This expansive mixed-use property, located at 602 S Garnett Street in Henderson, North Carolina, offers a substantial 32,000 square feet of space ideally suited for a variety of business needs. The building sits on a generous 1.26-acre lot, providing ample room for expansion or outdoor operations. Currently configured as a blend of office and warehouse space, this property presents a unique opportunity for businesses requiring significant square footage. The versatile layout allows for customization to suit individual requirements, making it an excellent choice for companies seeking to consolidate operations or expand into a larger facility. The seller is open to considering lease options for smaller portions of the building, offering flexibility for businesses of varying sizes. This presents a rare chance to secure a substantial commercial property in a desirable location, with the added benefit of adaptable lease terms to accommodate specific business needs. The asking price for this substantial property is $699,000. Serious inquiries are encouraged to explore this exceptional opportunity. The property's size and location make it an attractive investment for businesses seeking to establish a strong presence in the Henderson, NC market.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1955
Total area 34,212 SF
Lot 0.76 ac (33,106 SF)
APN 0003 09010
UPID US53-4092657

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
  • Take-out & Catering Catering Service
  • Medical Clinic

Location

602 Garnett St Henderson, NC 27536-4509
Henderson metro Census 960500 HENDERSON, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k

Owner & transaction history

since 2009
4 recorded transactions
2021
Price N/A
2009
Price N/A
2008
$350,000
2008
$350,000

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.1M +3.2%

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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