Two-Building Warehouse
1120 North Main Street Randleman, NC 27317
1120 North Main Street, Randleman, NC, 27317
$1,700,000
For Sale
$1,700,000
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$61.82
Days on Market28
Property Features for 1120 North Main Street
General Information
- Standard status
- Active
- Size
- 27,500 SF
- Lot size
- 2.88 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1952
Listing agency
Linville Team Partners
(443) 540-9293
Listed by
Dom Maggio · License #268640
Source
Ltpcommercial
Added: Jun 25 Updated: Jul 21 at 6:54AM Checked: Jul 21 at 6:54AM
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 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
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 29.14%
Second Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $133,012 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$9.46M
$8.28M – $11.04M
NOI $662,186 @ 7.0% cap · market cap 38.95%
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 - 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 $1,700,000.
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
