Flex Industrial Facility with
For Sale
Contact for pricing
144 Industrial Drive #1, Forest City, NC 28043
Versatile industrial property combines production, storage, and two-story administrative space with upgraded building systems.
Property Size19,961 SF
Price / SF$0.44
Days on Market54
Property Features for 144 Industrial Drive #1
General Information
Standard status
Active
Size
19,961 SF
Property subtype
Industrial
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
4
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 421464/1539-73-2251, Assessed Value: $702,000, Zoning: M1
Listing ID: CAR4417602, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial, 17 days on market
Parking Lot
Built in 1996, 1 building
County/Parish: Rutherford
Water Source: City
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
19,961 SF
Year Built
1996
Listing Agency:
NAI Beverly-Hanks
(828) 210-3940
Listed By:
Jim Davis · License #292479
(330) 718-3311
Source:
Blackstreaminternational
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 9:25AM
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 NAI Beverly-Hanks
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Investment Insights
Based on property information with market context.
Built in 1996, this 38,045 SF flex facility brings together manufacturing, warehouse, and office functions within one property. The building includes a reception area and two levels of office space for administrative, management, and support operations. Industrial improvements include updated LED lighting, 240V and 480V power, paved parking, three dock-high doors, and four drive-in doors.
Recent work includes installation of a brand-new roof, while a new sprinkler system is currently being installed. Located at 144 Industrial Drive Unit 1 in Forest City, NC, the property offers a physical layout and utility profile aligned with manufacturing, distribution, and other industrial operations.
Recent work includes installation of a brand-new roof, while a new sprinkler system is currently being installed. Located at 144 Industrial Drive Unit 1 in Forest City, NC, the property offers a physical layout and utility profile aligned with manufacturing, distribution, and other industrial operations.
Key Highlights
- 38,045 SF flex facility with manufacturing, warehouse, and office areas
- 240V and 480V power service with updated LED lighting
- Three dock‑high doors and four drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,146
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,842,920
$3.8M
Cap Rate 7%
$2,744,943
$2.7M
Cap Rate 9%
$2,134,956
$2.1M
Market Conditions
NOI Build-Up for 38,045 SF
Gross rent
$296.8K $7.80/SF
− Vacancy
−$22.3K −$0.59/SF
EGI
$274.5K $7.22/SF
− OpEx
−$82.3K −$2.16/SF
NOI
$192.1K $5.05/SF
Area
Rutherford County, NC
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,842,920
Cap Rate 7%
$2,744,943
Cap Rate 9%
$2,134,956
Alternative Uses
Best Use
Office B
$5.68M
$4.97M – $6.63M
NOI $397,532 @ 7.0% cap · market cap 2,388.30%
Second Best
Flex RnD
$4.36M
$3.82M – $5.09M
NOI $305,535 @ 7.0% cap · market cap 1,835.60%
Theoretical Best
Office A
$8.39M
$7.34M – $9.79M
NOI $587,293 @ 7.0% cap · market cap 3,528.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28043, NC
20,183
Population
9,356
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
84%
High-School Grad
66.3 sq mi
ZIP Area
304
Density / Sq Mi
$41,746
Median Household Income
$29,909
Median Earnings
$744
Median Rent
$176,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial property combines production, storage, and two-story administrative space with upgraded building systems.
Where is this flex space located?
The property is located at 144 Industrial Drive #1 Forest City, NC.
What are key features of this property?
This property features: 38,045 SF flex facility with manufacturing, warehouse, and office areas; 240V and 480V power service with updated LED lighting; Three dock‑high doors and four drive‑in doors
