Building Details

Year Built 2003

Listing Agency: NAI Beverly-Hanks

Listed By: Chris Mansfield · License ##340236 Show Phone

Source: Highperformancerea

Added: Jan 26 Changed: Oct 26 Last Checked: Oct 7 at 2:18PM

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Investment Insights

Based on property information with market context.

The property at 13480 Rosman Highway, Lake Toxaway, offers a 3,056 SF fully insulated flex warehouse constructed in 2003. Situated on two lots totaling 1.12 acres, the property is zoned Open Use and is currently vacant. The building features high ceilings, a large storage loft, and a fully operational 3-ton overhead crane. This property is suitable for light industrial use, specialized trades, or a private workspace for recreational or automotive projects. It is ideal for an owner-occupant seeking a flexible space to grow a business or for a buyer looking for a multipurpose facility.

Key Highlights

• 3,056 SF fully insulated flex warehouse on 1.12 acres.
• Features a fully operational 3‑ton overhead crane.
• High ceilings and large storage loft.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,185

Cap Rate

5.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$743,700 $743.7K

Cap Rate 7%

$531,214 $531.2K

Cap Rate 9%

$413,167 $413.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,056 SF

Gross rent

$58.7K $19.20/SF

− Vacancy

−$1.5K −$0.48/SF

EGI

$57.2K $18.72/SF

− OpEx

−$20.0K −$6.55/SF

NOI

$37.2K $12.17/SF

Area

Transylvania County, NC

Vacancy

2.50%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$743,700

Cap Rate 7%

$531,214

Cap Rate 9%

$413,167

Alternative Uses

Best Use

Flex RnD

$531.2K

$464.8K – $619.8K (±1% cap)

NOI $37,185 @ 7.0% cap · market cap 5.13%

Second Best

Warehouse

$313.3K

$274.1K – $365.5K (±1% cap)

NOI $21,929 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$900.0K

$787.5K – $1.05M (±1% cap)

NOI $63,002 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Furniture & Home Goods Kitchen & Bath Showroom Real Estate Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28747, NC

2,114

Population

1,864

Households

1.1

Avg Household Size

51

Median Age

28%

College-Educated

88%

High-School Grad

48.8 sq mi

ZIP Area

43

Density / Sq Mi

$60,405

Median Household Income

$38,539

Median Earnings

$256,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - 3,056 SF flex warehouse on 1.12 acres in Lake Toxaway.

Where is this flex space located?

The property is located at 13480 Rosman Hwy Lake Toxaway, NC.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 3,056 SF fully insulated flex warehouse on 1.12 acres.; Features a fully operational 3‑ton overhead crane.; High ceilings and large storage loft.