Two-Building Warehouse
For Sale
$1,450,000
1120 North Main Street, Randleman, NC 27317
Functional warehouse space on 2.88 acres with conditioned buildings, multiple drive-ins, and undeveloped expansion acreage.
Property Size27,500 SF
Lot Size2.88 Acres
Price / SF$52.73
Days on Market128
Property Features for 1120 North Main Street
General Information
Standard status
Active
Size
27,500 SF
Lot size
2.88 Acres
Property subtype
Industrial
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
5
Additional Details
Highway Access
Yes
Building Details
Building Size
27,500 SF
Year Built
1952
Listed By:
Dom Maggio
(443) 540-9293
Source:
Ltpcommercial
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 28 at 5:51AM
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 Dom Maggio
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Investment Insights
Based on property information with market context.
This two-building warehouse facility offers approximately 27,500 SF of functional warehouse space on 2.88 acres, plus expansion potential on two additional undeveloped acres. Building 1 is majority conditioned and includes three exterior drive-in doors along with newly renovated office space. Building 2 is fully conditioned and features one dock and two drive-in doors. A 6-inch concrete pad driveway is installed to support vehicle access.
The property is located approximately two miles from I-73, providing convenient highway proximity for distribution and service operations.
The configuration supports either single-operator use or multi-tenant occupancy, with the seller also noting the option for a leaseback at $10,000 per month NNN.
The property is located approximately two miles from I-73, providing convenient highway proximity for distribution and service operations.
The configuration supports either single-operator use or multi-tenant occupancy, with the seller also noting the option for a leaseback at $10,000 per month NNN.
Key Highlights
- ±27,500 SF functional warehouse on 2.88 acres, built in 1952
- Building 1: conditioned warehouse plus newly renovated office space and 3 exterior drive‑ins
- Building 2: fully conditioned with 1 dock and 2 drive‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,012
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,660,240
$2.7M
Cap Rate 7%
$1,900,171
$1.9M
Cap Rate 9%
$1,477,911
$1.5M
Market Conditions
NOI Build-Up for 27,500 SF
Gross rent
$166.7K $6.06/SF
− Vacancy
−$10.2K −$0.37/SF
EGI
$156.5K $5.69/SF
− OpEx
−$23.5K −$0.85/SF
NOI
$133.0K $4.84/SF
Area
Randolph County, NC
Vacancy
6.10%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,660,240
Cap Rate 7%
$1,900,171
Cap Rate 9%
$1,477,911
Alternative Uses
Best Use
Warehouse
$1.90M
$1.66M – $2.22M
NOI $133,012 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.46M
$8.28M – $11.04M
NOI $662,186 @ 7.0% cap · market cap 45.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Dock-high doors
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27317, NC
17,563
Population
7,276
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
54.1 sq mi
ZIP Area
325
Density / Sq Mi
$57,266
Median Household Income
$34,578
Median Earnings
$793
Median Rent
$170,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse space on 2.88 acres with conditioned buildings, multiple drive-ins, and undeveloped expansion acreage.
Where is this warehouse located?
The property is located at 1120 North Main Street Randleman, NC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: ±27,500 SF functional warehouse on 2.88 acres, built in 1952; Building 1: conditioned warehouse plus newly renovated office space and 3 exterior drive‑ins; Building 2: fully conditioned with 1 dock and 2 drive‑ins
