Building Details

Year Built 1991

Year Renovated 2026

Buildings 1

Stories 1

Building Size 34,112 SF

Listing Agency: NCR Management

Listed By: Jay Alt · License #FLBO

Source: Crexi

Added: Mar 12 Changed: Oct 10 Last Checked: Oct 12 at 5:20PM

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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 NCR Management

Investment Insights

Based on property information with market context.

This 34,112-square-foot manufacturing facility in Haw River combines fully climate-controlled production space with 3,363 square feet of renovated offices. Heavy power supports manufacturing operations, while the interior can be configured for changing space requirements. The property was originally built in 1991, with renovation work completed in March 2026.

The building can be divided into 9,064, 10,023, and 15,025 square feet, or combined in various configurations. Located at 114 S State Street, the facility is 2 miles from Interstate 85 at exit 150 and positioned within the industrial corridor serving Burlington and Mebane. Zoning is Industrial.

Key Highlights

• 34,112 SF fully climate‑controlled manufacturing/flex facility
• 3,363 SF of renovated office space
• Can subdivide into 9,064, 10,023 and 15,025 SF or combinations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$263,048

Cap Rate

6.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,260,960 $5.3M

Cap Rate 7%

$3,757,829 $3.8M

Cap Rate 9%

$2,922,756 $2.9M

Market Conditions

NOI Build-Up for 34,112 SF

Gross rent

$446.2K $13.08/SF

− Vacancy

−$41.5K −$1.22/SF

EGI

$404.7K $11.86/SF

− OpEx

−$141.6K −$4.15/SF

NOI

$263.0K $7.71/SF

Area

Alamance County, NC

Vacancy

9.30%

Lease Rate

$13.08 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,260,960

Cap Rate 7%

$3,757,829

Cap Rate 9%

$2,922,756

Alternative Uses

Best Use

Flex RnD

$3.76M

$3.29M – $4.38M (±1% cap)

NOI $263,048 @ 7.0% cap · market cap 6.58%

Second Best

Industrial

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,278 @ 7.0% cap · market cap 3.36%

Theoretical Best

Office A

$11.25M

$9.84M – $13.12M (±1% cap)

NOI $787,263 @ 7.0% cap · market cap 19.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Pro Feet Socks ... Industrial Manufacturer Wilson Brown Sock ... Mill Brown Dog Hosiery ... Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Spa & Massage Center Nail Salon Big Box & Wholesale Store

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

Lease Details

Yes

Heavy power

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area Business Placement

Demographics for 27258, NC

7,088

Population

2,869

Households

2.5

Avg Household Size

41

Median Age

25%

College-Educated

85%

High-School Grad

18.8 sq mi

ZIP Area

377

Density / Sq Mi

$71,875

Median Household Income

$43,547

Median Earnings

$856

Median Rent

$198,000

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 manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Industrial-zoned facility with heavy power, renovated offices, and flexible subdivision options for manufacturing or related operations.

Where is this manufacturing property located?

The property is located at 114 S State St Haw River, NC.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: 34,112 SF fully climate‑controlled manufacturing/flex facility; 3,363 SF of renovated office space; Can subdivide into 9,064, 10,023 and 15,025 SF or combinations