Manufacturing Property with Overhead
For Sale
Contact for pricing
144 Industrial Drive #3, Forest City, NC 28043
Industrial space includes updated lighting, dual-voltage power, paved parking, and restroom facilities.
Property Size19,961 SF
Price / SF$0.50
Days on Market54
Property Features for 144 Industrial Drive #3
General Information
Standard status
Active
Size
19,961 SF
Property subtype
Industrial
Additional Details
Clear Height
32 ft
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 421464/1539-73-2251, Assessed Value: $702,000, Zoning: M1
Listing ID: CAR4417691, 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 8:54AM
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.
This 8,750 SF manufacturing and warehouse facility is configured for fabrication, production, storage, and related industrial operations. The bays provide approximately 32 feet of clear height at the center, separate from a five-ton overhead hoist. Two large overhead doors support material movement, while 240V and 480V power serve a range of industrial equipment needs. Updated LED lighting, bathrooms, paved parking, and a brand-new roof are also included. The building does not contain office space, leaving most of the interior dedicated to manufacturing and warehouse functions.
Built in 1996, the property is located at 144 Industrial Drive, Unit 3, in Forest City, North Carolina. Its current layout combines substantial open industrial area with the core features needed for production and storage use.
Built in 1996, the property is located at 144 Industrial Drive, Unit 3, in Forest City, North Carolina. Its current layout combines substantial open industrial area with the core features needed for production and storage use.
Key Highlights
- ±8,750 SF of manufacturing and warehouse space
- ±32' clear height at the center of the bays
- Five‑ton overhead hoist measured separately from the clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,192
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,840
$883.8K
Cap Rate 7%
$631,314
$631.3K
Cap Rate 9%
$491,022
$491.0K
Market Conditions
NOI Build-Up for 8,750 SF
Gross rent
$68.3K $7.80/SF
− Vacancy
−$5.1K −$0.59/SF
EGI
$63.1K $7.22/SF
− OpEx
−$18.9K −$2.16/SF
NOI
$44.2K $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%
$883,840
Cap Rate 7%
$631,314
Cap Rate 9%
$491,022
Alternative Uses
Best Use
Warehouse
$855.6K
$748.6K – $998.2K
NOI $59,890 @ 7.0% cap · market cap 1,368.91%
Second Best
Industrial
$631.3K
$552.4K – $736.5K
NOI $44,192 @ 7.0% cap · market cap 1,010.10%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,072 @ 7.0% cap · market cap 3,087.36%
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
32 ft
Clear height
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial space includes updated lighting, dual-voltage power, paved parking, and restroom facilities.
Where is this manufacturing property located?
The property is located at 144 Industrial Drive #3 Forest City, NC.
What are key features of this property?
This property features: ±8,750 SF of manufacturing and warehouse space; ±32' clear height at the center of the bays; Five‑ton overhead hoist measured separately from the clear height
