Modern Industrial Facility, Prime
110 Commercial Boulevard Flat Rock, NC 28731
110 Commercial Boulevard, Flat Rock, NC, 28731
$4,900,000
For Sale
$4,900,000
24,000 SF industrial facility in Hendersonville, North Carolina.
Property Size24,000 SF
Price / SF$204.17
Days on Market179
Property Features for 110 Commercial Boulevard
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency
KELLER WILLIAMS MTN PARTNERS, LLC
(828) 290-1000
Listed by
DAVID LEE · License #4286513
Source
Corcoran
Added: Jan 21 Checked: Jul 19 at 3:57 am
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 KELLER WILLIAMS MTN PARTNERS, LLC
Investment Insights
Based on property information with market context.
This 24,000-square-foot industrial facility is located in the Appleland Business Park in Hendersonville, North Carolina. Positioned off Interstate 26 at Upward Road, the property provides local and regional connectivity, suitable for manufacturing, distribution, logistics, or owner-operator users needing efficient access throughout Western North Carolina and the Southeast. Approximately 12,000 SF was constructed in 2001, with an additional 12,000 SF expansion completed in 2025. The facility includes approximately 3,000 SF of office space and 21,000 SF of clear-span warehouse space. Infrastructure features include three-phase power with 800 amps, natural gas, two loading docks, and one overhead drive-in door. The entire facility is fully climate-controlled, ADA compliant, and equipped with a new bi-directional amplifier (BDA) system. The site offers 40 striped parking spaces, with additional land available for expanded parking. The location provides access to Asheville, Greenville, and Spartanburg, positioning the property within a regional distribution corridor serving Western North Carolina and Upstate South Carolina. The property provides access for deliveries, regional distribution, and employee commuting.
Key Highlights
- Prime I‑26 Location in Appleland Business Park: Offers exceptional connectivity.
- Modern Construction: Featuring a 12,000 SF expansion completed in 2025.
- High Power Capacity: With three‑phase power and natural gas.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $9.00 |
| − Vacancy | −$6.5k | −$0.27 |
| EGI | $209.5k | $8.73 |
| − OpEx | −$31.4k | −$1.31 |
| NOI | $178.1k | $7.42 |
24,000 SF · lease $9.00/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.54M
$2.23M – $2.97M
NOI $178,092 @ 7.0% cap · market cap 3.63%
Second Best
Industrial
$2.10M
$1.83M – $2.44M
NOI $146,664 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$8.00M
$7.00M – $9.33M
NOI $559,872 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mavidon
Medical Supply Store
Tradewater
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 24,000 SF industrial facility in Hendersonville, North Carolina.
Where is this manufacturing property located?
The property is located at 110 Commercial Boulevard Flat Rock, NC.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Prime I‑26 Location in Appleland Business Park: Offers exceptional connectivity.; Modern Construction: Featuring a 12,000 SF expansion completed in 2025.; High Power Capacity: With three‑phase power and natural gas.
