113 Rea StJacksonville, NC 28546

Property Details for 113 Rea St

Year built

1987

Lot size

5.54 AC

Property size (Sq ft)

8,640 SF

Zone code

IND

Property type

Commercial real estate

APN

40198

APU

40198

Description

This exceptional industrial property, located at 113 Rea St, Jacksonville, NC 28546, presents a compelling investment opportunity. The warehouse building encompasses 10,861 square feet, situated on a substantial 5.54-acre lot. The property is fully fenced, offering enhanced security and privacy. The building itself is constructed of masonry, ensuring durability and longevity. The asking price for this turnkey industrial space is $1,420,000, translating to a price per square foot of $130.74. The property's zoning is designated as Industrial, allowing for a wide range of potential uses. This expansive lot and substantial building provide ample space for various industrial operations, storage, or potential redevelopment. Its strategic location in Onslow County, North Carolina, offers convenient access to major transportation routes and a growing industrial market. The property's size, features, and zoning make it an ideal acquisition for businesses seeking a significant footprint in a thriving industrial area. Serious inquiries are encouraged to explore the full potential of this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $2,373,520

  6.5%

  $2,190,940

  7%

  $2,034,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,287,190

  Geo Method

  $1,983,230

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,737,010

  Retail / Commercial

  $2,346,200

  Mixed-Use / Specialty

  $2,272,500

  Hospitality / Lodging

  $1,582,190

  Office

  $2,190,940

  Institutional / Educational

  $2,339,130

  Residential Income

  $2,736,780

  Multifamily

  $3,644,570

  Automotive / Energy

  $2,004,970

  Parking / Income-Based Land

  $756,442

  Restaurant / Food Service

  $1,042,500

  Healthcare / Senior Housing

  $2,397,410

Location Insight

City

Jacksonville

County

Onslow

State

North Carolina

Latitude

34.756

Longitude

-77.3836

CBSA code

27340

CBSA name

JACKSONVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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