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Property profile & analytics
FOR LEASE
Warehouses
606 E Caswell St, Wadesboro, NC 28170
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-1441488
For Lease
1 / 12
$17 SF/Yr
606 E Caswell St, Wadesboro, NC 28170
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Property summary
AI-generated overview
This single-tenant distribution center, located at 606 E Caswell St, Wadesboro, NC 28170, offers 1,375 square feet of space in a 1-story building constructed in 1996. Situated on 0.8 acres of land with 200 feet of frontage, the property boasts a 20-foot ceiling height, ideal for various distribution needs. The building features a waiting/reception area and a large open space. Ample parking is available with 8 spaces. Utilities are the tenant's responsibility. The property is zoned for General Business and enjoys excellent visibility and access on Highway 74, experiencing high traffic volume (30,000 vehicles daily). Power is supplied by Duke Progress. The property is located in the Piedmont NC submarket cluster of the Charlotte NC submarket. Monthly rent is $1950.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
1,375 SF
Lot
0.83 ac (36,155 SF)
APN
6484-09-05-0459
UPID
US53-1441488
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
R Ee Little LP · 10 yrs held
R Ee Little LP
since 2015
1 recorded transaction
Zoning & alternative use
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 Wadesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wadesboro 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)
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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 2018Property tax & assessments
Tax year 2018
Tax billed
$2,039
Tax year 2018
Assessed value
$153,000
Assessed 2023
Previous assessed
$153,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$117,100
Assessed improvement
$35,900
Land market value
$117,100
Improvement market value
$35,900
Total market value
$153,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 Lease
Year built
1996
Heating
NONE
Total area
1,375 SF
Lot
0.83 ac (36,155 SF)
APN
6484-09-05-0459
UPID
US53-1441488
Jurisdiction
ANSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
R Ee Little LP
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 506, LOCUST, NC 28097-0506
Ownership since
2015
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
Dec 31, 2015
—
R Ee Little LP
Little,walter L P
Quit Claim 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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