Modern Industrial Facility with
110 Commercial Boulevard Flat Rock, NC 28731
For Sale
$4,900,000
SINGLE_FAMILY - Flat Rock, NC
Property Size24,000 SF
Lot Size2.13 Acres
Price / SF$204.17
Days on Market184
Property Features for 110 Commercial Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Property condition
- Under Construction
- Zoning
- RC
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 40
- Parking features
- Parking Lot
- Security features
- Security System
- Window features
- Window Treatments, Insulated Windows
- Patio and Porch features
- Porch
- Standard status
- Active
- APN
- 9969177
- Lot size
- 2.13 Acres
Taxes and HOA fees
- Tax Description
- PT #05BAPPLELAND BUSINESS PARK
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating), Zoned, Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Flooring type
- Concrete, Vinyl
- Building materials
- Brick Partial, Metal
- Roof type
- Metal
Listing Agency:
Keller Williams Mtn Partners, LLC
(828) 290-1000
Listed By:
David Lee · License #212568
(828) 699-4505
Added: Jan 21
Changed: Jul 23
Last Checked: Jul 24 at 12:06AM
MLS# 4338502
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Move-in-ready modern industrial facility with a total of approximately 24,000 SF, including about 12,000 SF constructed in 2001 and a 12,000 SF expansion completed in 2025. The building includes approximately 3,000 SF of office space and about 21,000 SF of clear-span warehouse, supporting flexible industrial layouts.
The facility includes three-phase power with 800 amps, natural gas, and loading improvements with two loading docks and one overhead drive-in door. It is described as fully climate-controlled and ADA compliant, with a new bi-directional amplifier (BDA) system.
The site provides 40 striped parking spaces and includes land described as available for expanded parking or future operational needs. The property is located in Appleland Business Park with access just off Interstate 26 at Upward Road, positioning it for manufacturing, distribution, logistics, or owner-operator use requiring efficient regional connectivity.
The facility includes three-phase power with 800 amps, natural gas, and loading improvements with two loading docks and one overhead drive-in door. It is described as fully climate-controlled and ADA compliant, with a new bi-directional amplifier (BDA) system.
The site provides 40 striped parking spaces and includes land described as available for expanded parking or future operational needs. The property is located in Appleland Business Park with access just off Interstate 26 at Upward Road, positioning it for manufacturing, distribution, logistics, or owner-operator use requiring efficient regional connectivity.
Key Highlights
- 24,000 SF modern industrial facility with 12,000 SF originally built in 2001 plus 12,000 SF expansion completed in 2025
- 21,000 SF clear‑span warehouse plus ~3,000 SF office space for flexible industrial use
- High‑capacity power: three‑phase power with 800 amps, plus natural gas
Financial Insights For Office B
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 | $576.0k | $24.00 |
| − Vacancy | −$16.1k | −$0.67 |
| EGI | $559.9k | $23.33 |
| − OpEx | −$140.0k | −$5.83 |
| NOI | $419.9k | $17.50 |
24,000 SF · lease $24.00/SF/yr · vacancy 2.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.00M
$5.25M – $7.00M
NOI $419,904 @ 7.0% cap · market cap 8.57%
Second Best
Warehouse
$2.54M
$2.23M – $2.97M
NOI $178,092 @ 7.0% cap · market cap 3.63%
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
FAQs
What type of property is this?
Flex space - Modern industrial building offers climate-controlled clear-span warehouse space with office area and dock-high loading.
Where is this flex space 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 modern industrial facility with 12,000 SF originally built in 2001 plus 12,000 SF expansion completed in 2025; 21,000 SF clear‑span warehouse plus ~3,000 SF office space for flexible industrial use; High‑capacity power: three‑phase power with 800 amps, plus natural gas
