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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
749 Ac Little Dr, Newton, NC 28658-3769
Entity Owned
Free & Clear
Property ID
US53-0965547
Property summary
AI-generated overview
This exceptional 35,586-square-foot industrial warehouse in Newton, North Carolina, presents a compelling sale-leaseback opportunity. Situated on a 5.67-acre lot, the property boasts 33,389 square feet of warehouse space and 1,200 square feet of office space. The warehouse features 14-foot clear ceilings, 20' x 35' column spacing, eight dock-high doors, and two drive-in doors, ensuring efficient operations. The building is 100% boiler heated. The property is zoned B-4 (Industrial Use) and has a parcel number of 373116729969. A five-year leaseback agreement with the current occupant, Techniweld USA, is available upon sale, providing immediate and long-term income potential. This property is ideal for investors seeking a stable, income-generating asset in a prime industrial location. The asking price is $2,033,485. This is a rare opportunity to acquire a well-maintained, functional warehouse with a strong tenant in place. Don't miss out on this exceptional investment prospect.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Construction
FRAME
Total area
36,738 SF
Lot
5.67 ac (246,985 SF)
Zoning code
B-4
APN
3731-16-72-9969
UPID
US53-0965547
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$565k
Owner & transaction history
Locust Investment LLC
Locust Investment LLC
since 2026
Last sale
$430,000
3 recorded transactions
Zoning & alternative use
B-4 · Newton, 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 Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton 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
Method
Estimation
Statistic approach
$345,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $430k (Jun 24 2022)
Last sale anchor
$430k
Jun 24 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$15 / SF
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
$6,384
Tax year 2023
Assessed value
$752,400
Assessed 2023
Previous assessed
$752,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$288,400
Assessed improvement
$464,000
Land market value
$288,400
Improvement market value
$464,000
Total market value
$752,400
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
Off-Market
Year built
1956
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
36,738 SF
Lot
5.67 ac (246,985 SF)
Zoning code
B-4
APN
3731-16-72-9969
UPID
US53-0965547
Jurisdiction
CATAWBA
Zoning & alternative use
B-4 · Newton, NC
Zoning B-4 · permitted uses
B-4 · Newton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
5.67 ac
Current owner
From public records · entity-resolved
Locust Investment LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6205 BOAT ROCK BLVD SW, ATLANTA, GA 30336-2727
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
$1,600,000
Locust Investment LLC
749 Ac Little Dr LLC
Special Warranty Deed
—
Apr 24, 2026
—
Locust Investment LLC
749 Ac Little Dr LLC
Deed
—
Jun 24, 2022
$430,000
749 Ac Little Dr LLC
Southern Glove INC
Warranty Deed
$344,000 · Truist Bank
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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