Manufacturing Facility with Dock
For Sale
Contact for pricing
1-3 Parrish Dr, Randleman, NC 27317
The property combines a large production building with a separate, sprinklered distribution building.
Property Size200,000 SF
Lot Size25.00 Acres
Price / SF$75
Days on Market256
Property Features for 1-3 Parrish Dr
General Information
Standard status
Active
Size
200,000 SF
Lot size
25.00 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
1
Power
8,000 amps
Sprinkler System
Yes
Building Details
Buildings
2
Listing Agency:
Lindsay Commercial Properties
(336) 886-1200
Listed By:
Mark Lindsay, CCIM
(336) 692-5612
Source:
Moodyscre
Added: Feb 1
Changed: Oct 4
Last Checked: Oct 14 at 11:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lindsay Commercial Properties
Investment Insights
Based on property information with market context.
The 25-acre property includes two substantial industrial buildings. The primary manufacturing facility contains 150,000 +/- SF, 17 dock doors, 8000+ Amps of electrical service, and LED lighting. A separate distribution building constructed circa 2002 provides 50,000+/- SF, sprinkler protection, 30 dock doors, and 1 oversized drive-in door.
The property is located in Randleman, NC, minutes from interstate access and the 1.7million SF Ross distribution center, Toyota Battery, and Siemens Locomotive. A new 350-apartment development is currently under construction nearby.
The property is located in Randleman, NC, minutes from interstate access and the 1.7million SF Ross distribution center, Toyota Battery, and Siemens Locomotive. A new 350-apartment development is currently under construction nearby.
Key Highlights
- 25 acres with 200,000 total SF across two buildings
- 150,000 +/- SF manufacturing facility with 17 dock doors
- 8000+ Amps and LED lighting in the manufacturing building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$967,358
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,347,160
$19.3M
Cap Rate 7%
$13,819,400
$13.8M
Cap Rate 9%
$10,748,422
$10.7M
Market Conditions
NOI Build-Up for 200,000 SF
Gross rent
$1.21M $6.06/SF
− Vacancy
−$73.9K −$0.37/SF
EGI
$1.14M $5.69/SF
− OpEx
−$170.7K −$0.85/SF
NOI
$967.4K $4.84/SF
Area
Randolph County, NC
Vacancy
6.10%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,347,160
Cap Rate 7%
$13,819,400
Cap Rate 9%
$10,748,422
Alternative Uses
Best Use
Warehouse
$13.82M
$12.09M – $16.12M
NOI $967,358 @ 7.0% cap · market cap 6.45%
Second Best
Industrial
$11.38M
$9.96M – $13.28M
NOI $796,648 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$68.80M
$60.20M – $80.26M
NOI $4,815,898 @ 7.0% cap · market cap 32.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 27317, NC
17,563
Population
7,276
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
54.1 sq mi
ZIP Area
325
Density / Sq Mi
$57,266
Median Household Income
$34,578
Median Earnings
$793
Median Rent
$170,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - The property combines a large production building with a separate, sprinklered distribution building.
Where is this manufacturing property located?
The property is located at 1-3 Parrish Dr Randleman, NC.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: 25 acres with 200,000 total SF across two buildings; 150,000 +/- SF manufacturing facility with 17 dock doors; 8000+ Amps and LED lighting in the manufacturing building
