Manufacturing Facility with
New
For Sale
Contact for pricing
10700 John Price Rd, Charlotte, NC 28273
Industrial space includes compressed air and access to I-77 South, I-485, and the airport.
Property Size77,600 SF
Price / SF$132.09
Days on Market5
Property Features for 10700 John Price Rd
General Information
Standard status
Active
Size
77,600 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Bertolina Commercial Real Estate Services, Inc.
Listed By:
Ian Bertolina · License #129379
(704) 333-9881
Source:
Moodyscre
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:44PM
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 Bertolina Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This 77,600-square-foot manufacturing property is equipped with one 5-ton crane, one 10-ton crane, and compressed air. The space is scheduled to become available September 1, 2026.
The property offers access to I-77 South, I-485, and the airport.
The property offers access to I-77 South, I-485, and the airport.
Key Highlights
- 77,600 square feet of manufacturing space
- One 5‑ton crane and one 10‑ton crane
- Compressed air on site
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
$792,312
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
7.73%
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%
$15,846,240
$15.8M
Cap Rate 7%
$11,318,743
$11.3M
Cap Rate 9%
$8,803,467
$8.8M
Market Conditions
NOI Build-Up for 77,600 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
$1.21M $15.60/SF
− Vacancy
−$78.7K −$1.01/SF
EGI
$1.13M $14.59/SF
− OpEx
−$339.6K −$4.38/SF
NOI
$792.3K $10.21/SF
Area
Charlotte, NC
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$15,846,240
Cap Rate 7%
$11,318,743
Cap Rate 9%
$8,803,467
Alternative Uses
Best Use
Industrial
$11.32M
$9.90M – $13.21M
NOI $792,312 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.84M
$22.61M – $30.15M
NOI $1,808,867 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 28273, NC
41,404
Population
19,236
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,840
Density / Sq Mi
$84,739
Median Household Income
$45,193
Median Earnings
$1,671
Median Rent
$304,900
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 Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial space includes compressed air and access to I-77 South, I-485, and the airport.
Where is this manufacturing property located?
The property is located at 10700 John Price Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: 77,600 square feet of manufacturing space; One 5‑ton crane and one 10‑ton crane; Compressed air on site
