Flex Space With Drive-In
For Sale
Contact for pricing
6861-6863 NC Hwy 56, Franklinton, NC 27525
Multi-building commercial property with office areas, outdoor storage, and a separate laydown yard.
Property Size17,411 SF
Lot Size19.39 Acres
Price / SF$201.02
Days on Market510
Property Features for 6861-6863 NC Hwy 56
General Information
Standard status
Active
Size
17,411 SF
Lot size
19.39 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
11
Building Details
Buildings
4
Properties For Sale
at 6861-6863 NC Hwy 56 Contact us- Size
- 17,411 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Industrial/ Warehouse Space in the Triangle Available For Lease
6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with...
show more
Contact us
- Size
- 26,575 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Industrial/ Warehouse Space in the Triangle Available For Lease
6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with...
show more
Contact us
- Size
- 2,720 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Industrial/ Warehouse Space in the Triangle Available For Lease
6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with...
show more
Contact us
- Size
- 27,659 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Industrial/ Warehouse Space in the Triangle Available For Lease
6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with...
show more
Contact us
Listing Agency:
The Overton Group, LLC
(804) 754-5462
Listed By:
Jake Viverette · License #350592
(804) 754-5462
Source:
Moodyscre
Added: Apr 8, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:42AM
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 The Overton Group, LLC
Investment Insights
Based on property information with market context.
This flex property comprises three primary buildings plus an auxiliary building, combining industrial and office areas across the site. The improvements include 11 drive-in doors and ceiling heights ranging from 17 to 20 feet. Outdoor storage and a stand-alone laydown yard add functional yard capacity for commercial operations.
The 19.39-acre property is located in Franklinton along NC Hwy 56, approximately 26 miles northeast of Raleigh and Durham. Its position provides access to the broader Triangle MSA and its employment base.
The 19.39-acre property is located in Franklinton along NC Hwy 56, approximately 26 miles northeast of Raleigh and Durham. Its position provides access to the broader Triangle MSA and its employment base.
Key Highlights
- 19.39‑acre site in Franklinton, NC
- Three buildings plus an auxiliary building
- 11 drive‑in doors
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
$267,266
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
7.64%
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%
$5,345,320
$5.3M
Cap Rate 7%
$3,818,086
$3.8M
Cap Rate 9%
$2,969,622
$3.0M
Market Conditions
NOI Build-Up for 17,411 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
$428.3K $24.60/SF
− Vacancy
−$72.0K −$4.13/SF
EGI
$356.4K $20.47/SF
− OpEx
−$89.1K −$5.12/SF
NOI
$267.3K $15.35/SF
Area
Franklin County, NC
Vacancy
16.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
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%
$5,345,320
Cap Rate 7%
$3,818,086
Cap Rate 9%
$2,969,622
Alternative Uses
Best Use
Office B
$3.82M
$3.34M – $4.45M
NOI $267,266 @ 7.0% cap · market cap 7.64%
Second Best
Flex RnD
$2.66M
$2.33M – $3.10M
NOI $186,088 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,989 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
11
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27525, NC
16,684
Population
7,071
Households
2.4
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
93.8 sq mi
ZIP Area
178
Density / Sq Mi
$68,847
Median Household Income
$44,701
Median Earnings
$1,011
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-building commercial property with office areas, outdoor storage, and a separate laydown yard.
Where is this flex space located?
The property is located at 6861-6863 NC Hwy 56 Franklinton, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 19.39‑acre site in Franklinton, NC; Three buildings plus an auxiliary building; 11 drive‑in doors
