Flex Space with
For Sale
Contact for pricing
1000 Van Buren Ave, Indian Trail, NC 28079
Flex unit with reception, restroom, mezzanine, and roll-up loading access.
Property Size2,440 SF
Price / SF$215
Days on Market134
Property Features for 1000 Van Buren Ave
General Information
Standard status
Active
Size
2,440 SF
Property subtype
Industrial
Lease Type
Modified Gross
Warehouse & Industrial
Clear Height
18.5 ft
Power
200 amps
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
6
Stories
1
Units
8
Tenancy
Single
Listing Agency:
Blanton Commercial Real Estate
Listed By:
Stephen Tubel · License #SC 128775
Source:
Crexi
Added: Apr 20
Changed: Aug 31
Last Checked: Aug 31 at 1:38AM
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 Blanton Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2440 SF flex unit, built in 2007, combines a front reception area with a public restroom and mezzanine storage or work area. The space includes an 11ft x 11ft roll-up door, 18.5 foot clear height, and 200 Amp 3 phase power, supporting a range of commercial and light industrial operations.
The property is positioned within an industrial park with access to I 485, HWY 74, and the Monroe Expressway. A modified gross lease is currently in place, providing an existing occupancy structure for the next owner.
The property is positioned within an industrial park with access to I 485, HWY 74, and the Monroe Expressway. A modified gross lease is currently in place, providing an existing occupancy structure for the next owner.
Key Highlights
- 2440 SF flex unit built in 2007
- Front reception area, public restroom, and mezzanine
- 11ft x 11ft roll‑up door
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
$28,266
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
5.39%
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%
$565,320
$565.3K
Cap Rate 7%
$403,800
$403.8K
Cap Rate 9%
$314,067
$314.1K
Market Conditions
NOI Build-Up for 2,440 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
$46.3K $18.96/SF
− Vacancy
−$2.8K −$1.14/SF
EGI
$43.5K $17.82/SF
− OpEx
−$15.2K −$6.24/SF
NOI
$28.3K $11.58/SF
Area
Union County, NC
Vacancy
6.00%
Lease Rate
$18.96 /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%
$565,320
Cap Rate 7%
$403,800
Cap Rate 9%
$314,067
Alternative Uses
Best Use
Flex RnD
$403.8K
$353.3K – $471.1K
NOI $28,266 @ 7.0% cap · market cap 5.39%
Second Best
Warehouse
$253.3K
$221.7K – $295.6K
NOI $17,733 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$753.7K
$659.5K – $879.3K
NOI $52,757 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28079, NC
39,051
Population
14,354
Households
2.7
Avg Household Size
38
Median Age
41%
College-Educated
93%
High-School Grad
46.6 sq mi
ZIP Area
838
Density / Sq Mi
$97,602
Median Household Income
$47,483
Median Earnings
$1,895
Median Rent
$352,000
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?
Flex space - Flex unit with reception, restroom, mezzanine, and roll-up loading access.
Where is this flex space located?
The property is located at 1000 Van Buren Ave Indian Trail, NC.
What is the asking price?
The asking price for this property is $524,600.
What are key features of this property?
This property features: 2440 SF flex unit built in 2007; Front reception area, public restroom, and mezzanine; 11ft x 11ft roll‑up door
