Mebane Warehouse with Expansion
For Sale
Contact for pricing
700 Trollingwood Hawfields Rd, Mebane, NC
98,425 SF warehouse expandable to 110,425 SF near I-40/I-85.
Property Size98,425 SF
Lot Size8.50 Acres
Price / SF$62.99
Days on Market755
Property Features for 700 Trollingwood Hawfields Rd
General Information
Standard status
Active
Size
98,425 SF
Lot size
8.50 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Piedmont Triad
(336) 373-0995
Listed By:
Allen Jones
(336) 314-1631
Source:
Moodyscre
Added: Aug 27, 2024
Changed: Sep 16
Last Checked: Sep 19 at 1:00PM
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 NAI Piedmont Triad
Investment Insights
Based on property information with market context.
This 98,425 square foot warehouse property in Mebane, North Carolina, offers expansion possibilities up to 110,425 square feet. The property includes 3,500 square feet of office space and 94,925 square feet of warehouse area. It features six dock positions and two drive-in doors, with the potential for eight additional dock doors upon expansion. The warehouse has a clear height of 21 feet 6 inches at the center and 15 feet at the eaves. Column spacing is configured at 29 feet 6 inches by 49 feet 6 inches. The property benefits from its proximity to I-40 and I-85, located approximately one mile away. There is an additional opportunity to acquire an adjacent 6-acre tract, which can be fenced and graveled for trailer and truck storage.
Key Highlights
- Excellent Location: Approximately 1 mile from I‑40/I‑85 interchange.
- Expandable Warehouse Space: Current 98,425 SF, expandable to 110,425 SF.
- Functional Loading Docks: 6 dock positions and 2 drive‑in doors; 8 additional dock doors available with expansion.
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
$387,438
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
6.25%
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%
$7,748,760
$7.7M
Cap Rate 7%
$5,534,829
$5.5M
Cap Rate 9%
$4,304,867
$4.3M
Market Conditions
NOI Build-Up for 98,425 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
$610.2K $6.20/SF
− Vacancy
−$56.8K −$0.58/SF
EGI
$553.5K $5.62/SF
− OpEx
−$166.0K −$1.69/SF
NOI
$387.4K $3.94/SF
Area
Alamance County, NC
Vacancy
9.30%
Lease Rate
$6.20 /SF/Yr
Expense Ratio
30.00%
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%
$7,748,760
Cap Rate 7%
$5,534,829
Cap Rate 9%
$4,304,867
Alternative Uses
Best Use
Warehouse
$11.10M
$9.71M – $12.95M
NOI $777,042 @ 7.0% cap · market cap 12.53%
Second Best
Industrial
$5.53M
$4.84M – $6.46M
NOI $387,438 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$32.45M
$28.39M – $37.86M
NOI $2,271,527 @ 7.0% cap · market cap 36.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 98,425 SF warehouse expandable to 110,425 SF near I-40/I-85.
Where is this warehouse located?
The property is located at 700 Trollingwood Hawfields Rd Mebane, NC.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Excellent Location: Approximately 1 mile from I‑40/I‑85 interchange.; Expandable Warehouse Space: Current 98,425 SF, expandable to 110,425 SF.; Functional Loading Docks: 6 dock positions and 2 drive‑in doors; 8 additional dock doors available with expansion.
