Building Details

Year Built 1987

Buildings 1

Stories 1

Listing Agency: Great Neck Realty Co r***@keen-summit.com

Listed By: Robert Tramantano · License #NC 291682

Source: Crexi

Added: Mar 20 Changed: Aug 8 Last Checked: Aug 20 at 12:44PM

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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 Great Neck Realty Co

Investment Insights

Based on property information with market context.

Located in Middlesex, North Carolina, 11225 E Finch Avenue is a 5,100-square-foot warehouse opportunity. Constructed in 1987, the steel structure sits on a ±10.36-acre site and features a flexible open floor plan, an office area, and shipping/receiving space. The building has a 60’ × 85’ footprint with 12’ sidewalls and an open 85% floor plan. The layout includes two restrooms. Recent improvements include LED lighting, two new HVAC units, a retail entrance awning, and direct fiber internet. The property's commercial zoning allows for a range of industrial, service, or redevelopment uses, making it suitable for owner-occupiers, investors, or developers. The surrounding area includes a mix of retail, service, and light industrial activity. The property is situated along E Finch Avenue (US-264 Alternate), a key local corridor connecting Middlesex to Zebulon, Wilson, and the Raleigh-Durham region. With direct access to regional highways and proximity to employment and distribution centers, the site presents an opportunity to acquire a flexible, high-visibility asset in a growing commercial node. It is suitable for warehouse, storage, or light industrial uses.

Key Highlights

• Versatile 5,100 sq ft warehouse with flexible open floor plan.
• Prime location in Middlesex, NC, with high visibility on E Finch Avenue (US‑264 Alternate).
• Recent upgrades including LED lighting, two new HVAC units, retail entrance awning, and direct fiber internet.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$40,184

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.05%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$803,680 $803.7K

Cap Rate 7%

$574,057 $574.1K

Cap Rate 9%

$446,489 $446.5K

Market Conditions

NOI Build-Up for 5,100 SF 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.

Gross rent

$51.4K $10.08/SF

− Vacancy

−$4.1K −$0.81/SF

EGI

$47.3K $9.27/SF

− OpEx

−$7.1K −$1.39/SF

NOI

$40.2K $7.88/SF

Area

Nash County, NC

Vacancy

8.04%

Lease Rate

$10.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$803,680

Cap Rate 7%

$574,057

Cap Rate 9%

$446,489

Alternative Uses

Best Use

Warehouse

$574.1K

$502.3K – $669.7K (±1% cap)

NOI $40,184 @ 7.0% cap · market cap 8.05%

Second Best

Industrial

$472.7K

$413.7K – $551.5K (±1% cap)

NOI $33,092 @ 7.0% cap · market cap 6.63%

Theoretical Best

Office A

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,702 @ 7.0% cap · market cap 23.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Automtv Paint & Parts Auto Parts Store Carquest Auto Parts ... Auto Parts Store

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 27557, NC

8,336

Population

3,260

Households

2.6

Avg Household Size

39

Median Age

16%

College-Educated

79%

High-School Grad

67.2 sq mi

ZIP Area

124

Density / Sq Mi

$65,833

Median Household Income

$41,544

Median Earnings

$851

Median Rent

$167,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Premier Storage LLC — 11420 E Stewart St, Middlesex, NC 27557

Frequently Asked Questions

What type of property is this?

Warehouse - 5,100 SF warehouse on 10.36 acres in Middlesex, NC.

Where is this warehouse located?

The property is located at 11225 E Finch Ave Middlesex, NC.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Versatile **5,100 sq ft warehouse** with flexible open floor plan.; Prime location in Middlesex, NC, with high visibility on E Finch Avenue (US‑264 Alternate).; Recent upgrades including **LED lighting, two new HVAC units, retail entrance awning, and direct fiber internet.**