Manufacturing Facility with Distribution
For Sale
Contact for pricing
1 Parrish Dr, Randleman, NC 27317
Industrial complex combines production space, warehouse capacity, heavy electrical service, and multiple loading options.
Property Size200,000 SF
Lot Size25.00 Acres
Price / SF$75
Days on Market245
Property Features for 1 Parrish Dr
General Information
Standard status
Active
Size
200,000 SF
Class
B
Lot size
25.00 Acres
Property subtype
Industrial
Zoning
I1R- Industrial
Warehouse & Industrial
Warehouse Space
50,000 SF
Drive-In Doors
1
Power
8,000 amps
Sprinkler System
Yes
Building Details
Year Built
2002
Buildings
2
Stories
1
Listing Agency:
Lindsay Real Estate Holdings
Listed By:
Mark Lindsay · License #NC 252010
(336) 878-5171
Source:
Crexi
Added: Feb 13
Changed: Oct 8
Last Checked: Oct 16 at 9:30AM
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 Real Estate Holdings
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 25-acre industrial property in Randleman, NC, includes a manufacturing facility of approximately 150,000 SF and a separate distribution building of approximately 50,000 SF. The manufacturing building has 17 dock doors, 8000+ Amps of electrical service, and LED lighting. The distribution building is sprinklered, was constructed circa 2002, and provides 30 dock doors plus 1 oversized drive-in door.
Zoned I1R- Industrial, the property is near interstates and the 1.7 million SF Ross distribution center, Toyota Battery, Siemens Locomotive, and a new 350-apartment development under construction. The two-building configuration supports manufacturing and distribution operations within one industrial campus.
Zoned I1R- Industrial, the property is near interstates and the 1.7 million SF Ross distribution center, Toyota Battery, Siemens Locomotive, and a new 350-apartment development under construction. The two-building configuration supports manufacturing and distribution operations within one industrial campus.
Key Highlights
- 25‑acre industrial property in Randleman, NC
- Approximately 150,000 +/- SF manufacturing facility
- Manufacturing building includes 17 dock doors and 8000+ Amps
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
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial complex combines production space, warehouse capacity, heavy electrical service, and multiple loading options.
Where is this manufacturing property located?
The property is located at 1 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‑acre industrial property in Randleman, NC; Approximately 150,000 +/- SF manufacturing facility; Manufacturing building includes 17 dock doors and 8000+ Amps
