Lee St Farmville, NC 27828
§ 157.025 R-8 RESIDENTIAL DISTRICT. (A) Purpose. This district is designed for medium to high-density single-family and multi- family development. (B) Permitted uses. (1) Single-family; (2) Churches and related uses; (3) Parks, playgrounds and community centers operated on a non-commercial or non-profit basis for recreational purposes only; (4) Accessory use…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R8 · Farmville, NC§ 157.025 R-8 RESIDENTIAL DISTRICT. (A) Purpose. This district is designed for medium to high-density single-family and multi- family development. (B) Permitted uses. (1) Single-family; (2) Churches and related uses; (3) Parks, playgrounds and community centers operated on a non-commercial or non-profit basis for recreational purposes only; (4) Accessory uses and structures; (5) Home occupations; and (6) Town owned well sites, above ground water storage tanks, lift stations, pump stations and electrical substations. (7) Solar Collector, Accessory (a) Must be located on same parcel as principal structure (b) Must be located in the rear or side yard of a property (c) Solar Collectors may be: e. Roof-Mounted on a code-compliant structure provided panels are on i. Rear-Facing Sloped Roofs ii. Flat Roofs iii. Other Roof Locations may be allowed by a Special Exception Permit by the Board of Adjustment, subject to meeting all additional requirements of 157.022 (B) (13). f. Ground-Mounted on an area of up to 25% of the footprint of the principal structure on the parcel, but no more than 1 acre (d) Must meet Setbacks as established in § 157.071 (e) Height Limitations e. Roof Mounted - Panels must be flush mounted (1’or less from roof plane). f. Ground-Mounted - 10’ Maximum Height (f) System Mounting Building Materials. All System Mounting equipment must be constructed of either metal or steel. (g) Buffer Screening. Except where natural vegetation already exists, vegetated buffers sufficient to fully screen the ground-mounted solar collectors shall be planted along all sides adjoining properties zoned or developed for residential use. (C) Special use permits. (1) Public works and public utilities facilities such as distribution lines, transformer stations, transmission lines and towers, electric substations, water tanks and towers, and telephone stations; provided, the facilities are essential for the service of the immediate area; and, further provided that, no vehicles or other non-essential equipment are located on the premises and that no offices shall be permitted. The entire lot so used shall be properly landscaped and furnished with a densely planted buffer of at least six feet in height. (2) Family child care home or Day care center, upon a finding that the activities at the location will not have adverse effect upon the enjoyment of adjoining properties and upon the condition that the play and fenced areas comply with state day care center requirements. (3) Fire stations and related emergency facilities;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.