Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Asheboro Industrial Building For Sale Title is generated by Realmo AI

    1228 Green Farm Road, Asheboro, NC 27205

    View on Map
    Claim this Listing
    New
    Picture of Industrial properties at 1228 Green Farm Road, Asheboro, NC
    For Sale
    $1,650,000

    COMMERCIAL - Asheboro, NC

    Property size:
    40,000 SF
    Price / SF:
    $41/SF
    Added:
    May 20, 2026
    Days on Market:
    2
    Last Refresh:
    May 21 at 7:06 am

    Property Features for 1228 Green Farm Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    L-I
    Standard status
    Active
    Size
    40,000 SF

    Utilities

    Sewer type
    Private Sewer
    Water source
    Private

    Building Details

    Year built
    1980
    Floors in Building
    1

    We can help!

    Listing Contact
    H.R. Gallimore

    Listing agent H.R. Gallimore

    Listing office RE/MAX Central Realty Asheboro, NC

    Listing date May 20, 2026

    MLS# 1220285

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large industrial building suitable for manufacturing or redevelopment.
    • Great location just outside Asheboro city limits.
    • Equipped with 480 and 240 power.
    • Includes two dust collection systems.
    • Features reception, kitchen/breakroom, 4 offices, and 6 restrooms.
    • Secured by a chain link fence.

    Overview

    This large industrial building, previously used for wood frame manufacturing, is located just outside Asheboro city limits. The property features a reception area, a kitchen area/breakroom, 4 private offices, and 6 restrooms. It includes a metal roof, gas suspended heaters, 480 and 240 power, and 2 dust collection systems. The property is secured with a chain-link fence. The building's size is 40000 square feet and it is located in Randolph County, North Carolina. The zoning is L-I.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carolina Frames Building Supply

    Suggested Use

    Discount Store Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.892209
    Latitude
    35.741825

    Nearby Similar for Sale

    • $349,900
      3,200 SF

      Asheboro Commercial Building with Lot

      Commercial building with extra lot in Asheboro, North Carolina.
      1449 Old Liberty Road, Asheboro, NC 27203
      View Details
    • $750,000

      Asheboro Multifamily Investment Opportunity

      Two quadplexes on separate parcels, great investment potential.
      1962 & 1966 Lakeview Road, Asheboro, NC 27203
      View Details
    • $349,900
      3,000 SF

      Office Building Near Downtown Asheboro

      Brick office building suitable for various uses near downtown.
      379 S Cox Street, Asheboro, NC 27203
      View Details
    • $1,500,000
      9,300 SF

      Retail Space on East Dixie

      Retail space with high traffic and multi-tenant potential.
      1530 E Dixie Drive, Asheboro, NC 27203
      View Details
    • $499,000
      3,875 SF

      Downtown Asheboro Investment Opportunity

      Two-story, fully leased building in downtown Asheboro with stable tenants.
      111 Sunset Avenue, Asheboro, NC 27203
      View Details
    • $1,699,000
      21,950 SF

      Asheboro Investment Property For Sale

      17,000 SF building with 4,900 SF office complex.
      2013 S Fayetteville Street, Asheboro, NC 27203
      View Details
    • $625,000
      2,554 SF

      Turnkey Restaurant Opportunity For Sale

      Ready-to-go restaurant with full kitchen, drive-thru, and dining areas.
      3219 NC Hwy 49, Asheboro, NC
      View Details
    • $5,650,000
      131,536 SF

      Industrial Campus in Asheboro, NC

      131,536 SF industrial campus with I-73/74 access.
      840 West Salisbury Street, Asheboro, NC, 27203
      View Details
    • $675,000

      Turnkey Restaurant Opportunity For Sale

      Turnkey restaurant with full kitchen, drive-thru, and indoor/outdoor dining.
      3219 Old Nc Highway 49, Asheboro, NC 27205
      View Details
    • $5,830,000
      7,984 SF

      Retail Outparcel Near Regional Mall

      Retail property with corporate credit tenants and high foot traffic.
      1427 E Dixie Dr, Asheboro, NC 27203
      View Details
    • $2,700,000
      7,341 SF

      Ambulatory Surgery Center For Sale

      Leased to Moses Cone Hospital until December 2027.
      724 Thomas St, Asheboro, NC
      View Details
    • $8,875,000
      265,944 SF

      Asheboro Manufacturing/Industrial Property For Sale

      Manufacturing/Industrial property in Asheboro, NC, with strategic location.
      515 W Balfour Ave, Asheboro, NC
      View Details

    FAQs

    What type of property is this?
    Industrial property - Large industrial building with offices and manufacturing capabilities.
    Where is this industrial property located?
    The property is located at 1228 Green Farm Road Asheboro, NC.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Large industrial building suitable for manufacturing or redevelopment.; Great location just outside Asheboro city limits.; Equipped with **480 and 240 power**.
    (336) 626-5560
    We can help!
    Listing Contact
    H.R. Gallimore
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1228 Green Farm Road, Asheboro, NC 27205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!