Two-Building Industrial
1120 N Main St Randleman, NC 27317
1120 N Main St, Randleman, NC, 27317
Contact for pricing
For Sale
Contact for pricing
Two conditioned warehouse buildings on 2.88 acres with multiple drive-ins and a dock.
Property Size27,500 SF
Lot Size2.88 Acres
Price / SF$64.98
Days on Market139
Property Features for 1120 N Main St
General Information
- Standard status
- Active
- Size
- 27,500 SF
- Lot size
- 2.88 Acres
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1952
Listing agency
Linville Team Partners
(336) 724-1715
Listed by
Dom Maggio · License #354908
Source
Crexi
Added: Mar 6 Updated: Jul 22 at 9:50PM Checked: Jul 22 at 9:50PM
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 Linville Team Partners
Investment Insights
Based on property information with market context.
This two-building industrial facility offers functional warehouse space totaling approximately 27,500 SF on 2.88 acres. Building 1 is majority conditioned and includes three exterior drive-ins along with newly renovated office space. Building 2 is fully conditioned and includes one dock and two drive-ins.
The property includes an installed 6-inch concrete pad driveway, with expansion potential on two undeveloped acres. It is located about 2 miles from I-73.
The layout supports either a single owner-operator configuration or a multi-tenant setup, with conditioned warehouse space in both buildings and office space in Building 1.
The property includes an installed 6-inch concrete pad driveway, with expansion potential on two undeveloped acres. It is located about 2 miles from I-73.
The layout supports either a single owner-operator configuration or a multi-tenant setup, with conditioned warehouse space in both buildings and office space in Building 1.
Key Highlights
- ±27,500 SF warehouse space across two buildings on 2.88 AC
- Building 1 has newly renovated office space and 3 exterior drive‑ins (majority conditioned)
- Building 2 is fully conditioned with 1 dock and 2 drive‑ins
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 | $166.7k | $6.06 |
| − Vacancy | −$10.2k | −$0.37 |
| EGI | $156.5k | $5.69 |
| − OpEx | −$23.5k | −$0.85 |
| NOI | $133.0k | $4.84 |
27,500 SF · lease $6.06/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.08M
$6.19M – $8.26M
NOI $495,364 @ 7.0% cap · market cap 27.72%
Second Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $133,012 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$9.46M
$8.28M – $11.04M
NOI $662,186 @ 7.0% cap · market cap 37.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile Alloy Exchange
Recycling Center
Advanced Metal Supply ...
Metal Fabrication Plant
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Two conditioned warehouse buildings on 2.88 acres with multiple drive-ins and a dock.
Where is this warehouse located?
The property is located at 1120 N Main St Randleman, NC.
What is the asking price?
The asking price for this property is $1,787,000.
What are key features of this property?
This property features: ±27,500 SF warehouse space across two buildings on 2.88 AC; Building 1 has newly renovated office space and 3 exterior drive‑ins (majority conditioned); Building 2 is fully conditioned with 1 dock and 2 drive‑ins
