Building Details

Year Built 1992

Listing Agency: CENTURY 21 Thomas Incorporated DBA Thomas Real Estate, LLC

Listed By: David C Hyatt · License #273044 Show Phone

Source: Bradberrygarnerrealestate

Added: Jul 21 Changed: Oct 5 Last Checked: Oct 5 at 10:17PM

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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 CENTURY 21 Thomas Incorporated DBA Thomas Real Estate, LLC

Investment Insights

Based on property information with market context.

This warehouse property sits on 4.22 acres and was built in 1992. The improvements include office and warehouse areas, a covered loading dock, two loading docks, and 12-foot roll-up doors. Building systems have been well maintained, and the property includes warehouse racks, pallet jacks, a forklift, office furniture, and break room appliances.

The property is located at the intersection of Hwy 701 and Hwy 410/Joe Brown Hwy in Tabor City, with access to Whiteville, Lumberton, Shallotte, Wilmington, Loris, Conway, Florence, and North Myrtle Beach. Additional features include 13 40-foot storage shipping containers, a three-phase electrical panel, and a video surveillance security system.

Key Highlights

• 4.22‑acre warehouse property in Tabor City
• 800 sqft covered loading dock with 2 loading docks
• 12' roll‑up doors for warehouse access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,279

Cap Rate

8.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,805,580 $1.8M

Cap Rate 7%

$1,289,700 $1.3M

Cap Rate 9%

$1,003,100 $1.0M

Market Conditions

NOI Build-Up for 7,200 SF

Gross rent

$155.5K $21.60/SF

− Vacancy

−$35.1K −$4.88/SF

EGI

$120.4K $16.72/SF

− OpEx

−$30.1K −$4.18/SF

NOI

$90.3K $12.54/SF

Area

Columbus County, NC

Vacancy

22.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,805,580

Cap Rate 7%

$1,289,700

Cap Rate 9%

$1,003,100

Alternative Uses

Best Use

Office B

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,279 @ 7.0% cap · market cap 8.21%

Second Best

Flex RnD

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,471 @ 7.0% cap · market cap 7.59%

Theoretical Best

Office A

$1.75M

$1.53M – $2.04M (±1% cap)

NOI $122,259 @ 7.0% cap · market cap 11.12%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop (Bike/Boat/Book/etc) Store Bakery Restaurant

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

2

Dock-high doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28463, NC

8,494

Population

3,063

Households

2.8

Avg Household Size

41

Median Age

15%

College-Educated

79%

High-School Grad

112.9 sq mi

ZIP Area

75

Density / Sq Mi

$38,671

Median Household Income

$34,375

Median Earnings

$673

Median Rent

$120,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 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?

Frequently Asked Questions

What type of property is this?

Warehouse - Commercial warehouse property with office space, storage containers, equipment, and three-phase electrical service.

Where is this warehouse located?

The property is located at 12087 Joe Brown Hwy S Tabor City, NC.

What is the asking price?

The asking price for this property is $1,099,900.

What are key features of this property?

This property features: 4.22‑acre warehouse property in Tabor City; 800 sqft covered loading dock with 2 loading docks; 12' roll‑up doors for warehouse access