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    Property profile & analytics
    OFF-MARKET Estimated value $2,510,000
    Commercial real estate

    720 Western Blvd, Tarboro, NC 27886-4011

    50,208 SF 29.26 ac lot Built 1975
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US53-5508492
    Property summary
    AI-generated overview

    This exceptional 106,693-square-foot Class B office building in Tarboro, North Carolina, presents a unique investment opportunity. Located at 720 Western Blvd, this vacant, two-story structure sits on a generous 51.7-acre lot and is zoned B-3. Built in 1975, the property boasts numerous features ideal for a large-scale office or call center operation. The building offers over 500 plug-in ready cubicles, approximately 400 parking spaces, and ample land for future expansion. Additional amenities include a building generator, truck-height loading doors, an on-site fitness center with showers, a boardroom, executive suites, large conference rooms, and three training classrooms. Security features include secured front door locks controlled by the reception desk and a Halon fire suppression system. Dedicated server and network rooms are also available. An adjacent, separately owned 23-acre parcel offers further expansion potential, creating a unique opportunity to develop a substantial office campus. This property is ready for immediate occupancy and presents a compelling opportunity for a business seeking a large, well-equipped space in a desirable location. The property's size and features make it suitable for a variety of office uses, including call centers, corporate headquarters, or government offices.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1975
    Total area 50,208 SF
    Lot 29.26 ac (1,274,566 SF)
    APN 472873912500
    UPID US53-5508492
    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
    Current use
    Occupant on record · Public records
    • Century Link Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.51M
    Owner & transaction history
    Magnolia Investors LLC · 4 yrs held
    Magnolia Investors LLC
    since 2022
    Last sale
    $2.5M
    1 recorded transaction
    2022
    $2.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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