Manufacturing Facility with 3-Phase
New
For Sale
$4,900,000
110 Commercial Boulevard, Flat Rock, NC 28731
A mixed office and production layout includes dock-high loading, drive-in access, and climate control throughout the building.
Property Size24,000 SF
Price / SF$204.17
Days on Market3
Property Features for 110 Commercial Boulevard
General Information
Standard status
Active
Size
24,000 SF
Total Parking Spaces
40
Property subtype
Commercial
Zoning
RC
Warehouse & Industrial
Warehouse Space
21,000 SF
Office Build-Out
3,000 SF
Power
800 amps
Three-Phase Power
Yes
Heavy Power
Yes
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
24,000 SF
Year Built
2025
Year Renovated
2025
Buildings
1
Stories
1
Listing Agency:
Keller Williams Mtn Partners, LLC
Listed By:
David Lee · License #212568
(828) 699-4505
Source:
Geoffcampbell
Added: Oct 23
Last Checked: Oct 23 at 3:59PM
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
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Investment Insights
Based on property information with market context.
This 24,000 SF industrial facility combines approximately 3,000 SF of office area with 21,000 SF for warehouse and manufacturing functions. An approximately 12,000 SF addition was completed in 2025. Building features include 800-amp, three-phase power, natural gas, dock-high loading, drive-in access, fiber optics, full-building climate control, ADA accessibility, and a new BDA communications system. Zoning is RC.
The property at 110 Commercial Boulevard in Flat Rock is immediately off the I-26 and Upward Road interchange, with interstate access connecting the area to Asheville, Greenville and the Upstate, and the Charlotte region. The site has approximately 40 striped parking spaces, along with additional land that can accommodate parking or operational needs.
The property at 110 Commercial Boulevard in Flat Rock is immediately off the I-26 and Upward Road interchange, with interstate access connecting the area to Asheville, Greenville and the Upstate, and the Charlotte region. The site has approximately 40 striped parking spaces, along with additional land that can accommodate parking or operational needs.
Key Highlights
- 24,000 SF facility with approximately 3,000 SF of office and 21,000 SF of warehouse/manufacturing space
- 800‑amp, 3‑phase power and natural gas
- Dock‑high loading and drive‑in access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,092
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,561,840
$3.6M
Cap Rate 7%
$2,544,171
$2.5M
Cap Rate 9%
$1,978,800
$2.0M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$216.0K $9.00/SF
− Vacancy
−$6.5K −$0.27/SF
EGI
$209.5K $8.73/SF
− OpEx
−$31.4K −$1.31/SF
NOI
$178.1K $7.42/SF
Area
Henderson County, NC
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,561,840
Cap Rate 7%
$2,544,171
Cap Rate 9%
$1,978,800
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
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Business Placement
Demographics for 28731, NC
8,806
Population
4,417
Households
2
Avg Household Size
53
Median Age
37%
College-Educated
91%
High-School Grad
33.1 sq mi
ZIP Area
266
Density / Sq Mi
$65,882
Median Household Income
$35,957
Median Earnings
$947
Median Rent
$361,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A mixed office and production layout includes dock-high loading, drive-in access, and climate control throughout the building.
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: 24,000 SF facility with approximately 3,000 SF of office and 21,000 SF of warehouse/manufacturing space; 800‑amp, 3‑phase power and natural gas; Dock‑high loading and drive‑in access
