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    Marion Commercial Space For Lease Title is generated by Realmo AI

    2849 Hwy 226 S, Marion, NC 28752

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    For Lease
    $1,850/Mo $5 SF/Yr (calc)

    COMMERCIAL - Marion, NC

    Property size:
    3,950 SF
    Lot size:
    0.50 Acres
    Added:
    Oct 1, 2025
    Days on Market:
    241
    Last Refresh:
    May 29 at 10:06 pm

    Property Features for 2849 Hwy 226 S

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1, Basement
    Parking
    12
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    171002785803
    Size
    3,950 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    Left side of James Oxygen Building

    Building Details

    Year built
    1967
    Building materials
    Block

    We can help!

    Listing Contact
    Kevin Proctor

    Listing agent Kevin Proctor License #304385

    Listing office Realty Group 1 LLC 125 S Main Street, Marion, NC

    Listing date Oct 1, 2025

    MLS# 4308009

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great location in Marion near I‑40 with visibility from 226 South.
    • 3,200 sq. ft. of main level warehouse space and 3,760 sq. ft. of lower level warehouse space.
    • Approximately 750 sq. ft. of office space on the main level.
    • Loading dock on the main level and garage door access to the lower level warehouse space.
    • Owners willing to wire the building to meet new tenant's needs.
    • City water and sewer to be added soon.

    Overview

    Located in Marion near I-40, this commercial property offers a combination of warehouse and office space for lease. The main level features 3,200 square feet of warehouse area, complemented by approximately 750 square feet of office space and a restroom. The lower level provides an additional 3,760 square feet of warehouse space, accessible via a garage door. A loading dock is available on the main level. The property has visibility from Highway 226 South. The owners are willing to wire the building to meet the new tenants needs. City water and sewer will be added soon. The building has a newer roof on the side up for lease. The lot size is 0.5 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    McDowell
    State
    North Carolina
    Longitude
    -81.971081
    Latitude
    35.6616595

    Nearby Similar for Lease

    • $12 SF/Yr
      4,073 SF

      Downtown Marion Office Space

      Two-story building with 4,073 SF available for lease.
      34 N Logan Street, Marion, NC 28752
      View Details
    • $750/Mo
      518 SF

      COMMERCIAL - Marion, NC

      466 E Court Street, Marion, NC 28752
      View Details
    • $6 SF/Yr
      1,176 SF

      Marion NC Flex Space Available

      Commercial flex space for lease near Marion City Square.
      500 N Main St, Marion, NC 28752
      View Details

    FAQs

    What type of property is this?
    Flex space - Warehouse and office space available in Marion near I-40.
    Where is this flex space located?
    The property is located at 2849 Hwy 226 S Marion, NC.
    What is the lease rate?
    The lease rate is $1,850 /Mo.
    What are key features of this property?
    This property features: Great location in Marion near I‑40 with visibility from 226 South.; 3,200 sq. ft. of main level warehouse space and 3,760 sq. ft. of lower level warehouse space.; Approximately 750 sq. ft. of office space on the main level.
    (828) 460-5098
    We can help!
    Listing Contact
    Kevin Proctor
    Real Estate License ID: 304385
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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