232 Newsome RdKing, NC 27021

Property Details for 232 Newsome Rd

Year built

1984

Lot size

1.09 AC

Property size (Sq ft)

6,000 SF

Zone code

L-I

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

599107578526

APU

599107578526

Description

This exceptional 6,000-square-foot single-tenant property, located at 232 Newsome Road in King, North Carolina, presents a unique investment opportunity. Situated on a 1.09-acre lot, this versatile space boasts a diverse range of potential uses, including traditional office, medical office, manufacturing, flex space, warehouse, creative office, and distribution. Built in 1984 and renovated in 1994, the building features a single story with a 12-foot ceiling height. The property includes one loading dock with one dock-high door, providing convenient access for loading and unloading. Ample parking is available, with a total of 30 spaces, accommodating both front and rear building access. The property benefits from a convenient location just off I-74/Hwy 52, King, NC Exit 123, offering easy access to major transportation routes. The interior layout includes several existing offices and a large 2,000-square-foot open area, adaptable to various needs. The property is zoned LI (Light Industrial) and has an APN of 5991578526. Three-phase power is available. This property is currently vacant and ready for immediate occupancy. The property's location in the Rural Hall submarket cluster of Winston Salem offers a blend of accessibility and a desirable business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $816,255

  6.5%

  $753,466

  7%

  $699,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,180,476

  Geo Method

  $1,574,862

• Alternative Use

  Use

  Valuation

  Residential

  $753,466

  Hospitality

  $690,171

  Educational

  $574,214

  Medical

  $593,962

  Retail

  $893,222

Location Insight

City

King

County

Stokes

State

North Carolina

Latitude

36.2634

Longitude

-80.3709

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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