2003 Willow Springs Ln, Burlington, NC
Warehouse with front office, near airport and I-40/I-85.
- Added:
- Mar 18, 2023
- Days on Market:
- 1197
- Last Refresh:
- May 19 at 8:59 pm
Property Features for 2003 Willow Springs Ln
General Information
- Standard status
- Active
- Size
- 21,200 SF
- Lot size
- 3.03 Acres
- Property subtype
- INDUSTRIAL
Listing office Richard Jones Real Estate (336) 214-0529
Listing date Mar 18, 2023
Source Moodyscre
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 Richard Jones Real Estate
HighLights
- Excellent location near Burlington Municipal Airport.
- Convenient access to I‑40/I‑85 (approximately 1 mile).
- Centrally located in NC, providing access to multiple cities.
- Warehouse space with a front office.
- Easy access to Raleigh‑Durham, Chapel Hill, Mebane, Greensboro, and High Point (30‑60 minute drive).
- Charlotte is approximately 1 1/2 hours drive.
Overview
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 | $214.1k | $10.10 |
| − Vacancy | −$17.2k | −$0.81 |
| EGI | $196.9k | $9.29 |
| − OpEx | −$29.5k | −$1.39 |
| NOI | $167.4k | $7.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Alamance
- State
- North Carolina
- Longitude
- -79.4859
- Latitude
- 36.0525
