Warehouse Property with Loading
For Sale
$1,099,900
12087 Joe Brown Highway S, Tabor City, NC 28463
Commercial Sale, Tabor City, NC
Property Size7,200 SF
Lot Size4.22 Acres
Price / SF$152.76
Days on Market219
Property Features for 12087 Joe Brown Highway S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Driveway
Subdivision
Not In Subdivision
Lot features
Landscaped, Rectangular Lot
Directions
From Tabor City 701 N... Turn Left onto Hwy 410/ Joe Brown Hwy.... Property approximately .5 mile on right. Sign on Property.
Standard status
Active
APN
0145.00-70-1824.000
Size
7,200 SF
Lot size
4.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tract 1
Tax Annual Amount
1091
Legal Description
Tract 1
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Amenities
Break Room Appliances
Video Surveillance Security System
Building Details
Year built
1992
Flooring type
Concrete
Building materials
Metal Siding, Concrete, Aluminum Siding, Steel Frame
Roof type
Metal, Aluminum
Listing Agency:
CENTURY 21 Thomas Incorporated DBA Thomas Real Estate, LLC
(843) 273-3002
Listed By:
David C Hyatt · License #273044
(843) 458-9459
Added: Jan 14
Changed: Aug 20
Last Checked: Aug 21 at 6:06AM
MLS# 100549965
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property occupies 4.22 acres in Tabor City, North Carolina. The improvements were constructed in 1992 and feature metal, concrete, aluminum, and steel-frame components, with concrete flooring, public water, and public sewer. Heating and cooling are provided by heat pump systems, with central air also present.
Operational features include a covered loading dock measuring 800 square feet, two loading docks, and 12-foot roll-up doors. The property also includes 13 40-foot storage shipping containers, warehouse racks, pallet jacks, a forklift, office furniture, break room appliances, a 3-phase electrical panel, and a video surveillance security system. Commercial zoning applies, and the site is positioned at the intersection of Hwy 701 and Hwy 410, also identified as Joe Brown Highway.
Operational features include a covered loading dock measuring 800 square feet, two loading docks, and 12-foot roll-up doors. The property also includes 13 40-foot storage shipping containers, warehouse racks, pallet jacks, a forklift, office furniture, break room appliances, a 3-phase electrical panel, and a video surveillance security system. Commercial zoning applies, and the site is positioned at the intersection of Hwy 701 and Hwy 410, also identified as Joe Brown Highway.
Key Highlights
- 4.22‑acre warehouse property in Tabor City, NC
- 800‑square‑foot covered loading dock with 2 loading docks
- 12‑foot roll‑up doors support warehouse access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,471
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,669,420
$1.7M
Cap Rate 7%
$1,192,443
$1.2M
Cap Rate 9%
$927,456
$927.5K
Market Conditions
NOI Build-Up for 7,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.3K $20.04/SF
− Vacancy
−$15.9K −$2.20/SF
EGI
$128.4K $17.84/SF
− OpEx
−$44.9K −$6.24/SF
NOI
$83.5K $11.59/SF
Area
Columbus County, NC
Vacancy
11.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,669,420
Cap Rate 7%
$1,192,443
Cap Rate 9%
$927,456
Alternative Uses
Best Use
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,471 @ 7.0% cap · market cap 7.59%
Second Best
Warehouse
$721.5K
$631.4K – $841.8K
NOI $50,508 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,259 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28463, NC
8,494
Population
3,063
Households
2.8
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
112.9 sq mi
ZIP Area
75
Density / Sq Mi
$38,671
Median Household Income
$34,375
Median Earnings
$673
Median Rent
$120,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Commercial warehouse improvements on a substantial site with office accommodation, loading access, storage containers, and industrial equipment.
Where is this warehouse located?
The property is located at 12087 Joe Brown Highway S Tabor City, NC.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 4.22‑acre warehouse property in Tabor City, NC; 800‑square‑foot covered loading dock with 2 loading docks; 12‑foot roll‑up doors support warehouse access
