Property profile

8418 Caratoke Hwy Powells Point, NC 27966

OFF-MARKET
Warehouses
Property ID
US53-1013045
24,000 SF 12.94 ac lot Built 2013
Entity Owned 20-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2013
Total area 24,000 SF
Lot 12.94 ac (563,666 SF)
Zoning code GB
APN 0124000068G0000
UPID US53-1013045

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
  • Storage Facility
  • Auto Repair Shop
  • Art Studio Service Establishment

Location

8418 Caratoke Hwy Powells Point, NC 27966-9778
Powells Point metro Census 110404 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.78M
Blend (final) Blend
$3.39M

Owner & transaction history

since 2006
2 recorded transactions
2021
Price N/A
2006
$1.2M

Zoning & alternative use

GB · Powells Point, NC
Top alternative use upside
Commercial (general) $5.2M +80.8%
Retail stores $4.5M +58.5%

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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