Industrial Shop with Two Bay
17-G Lake Street, Granite Falls, NC 28630
For Sale
$85,000
Public water, sewer, a bathroom, and a wood stove are already installed.
Property Size900 SF
Price / SF$94.44
Days on Market52
Property Features for 17-G Lake Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Asking Price
Drive-In Doors
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 2785368593, Assessed Value: $9,600
Listing ID: CAR4426880, Standard Status: Active, MLS Status: Active, Property Subtype: Lot, 1 day on market, Special Conditions: None
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
County/Parish: Caldwell
Water Source: City
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
Listing Agency:
C. Rice and Associates LLC
Listed By:
Caleb Rice · License NC #299802
(828) 502-9197
Source:
Blackstreaminternational
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 10 at 7:55AM
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 C. Rice and Associates LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached industrial shop measures 30×30 feet, or 900 sq ft, and includes two bay doors. A bathroom is in place, along with public water and sewer service. A wood stove is also part of the building.
The property is within Granite Falls city limits, with access to Hwy 321. Its Lake Street address is 17-G Lake Street, Granite Falls, NC 28630.
The property is within Granite Falls city limits, with access to Hwy 321. Its Lake Street address is 17-G Lake Street, Granite Falls, NC 28630.
Key Highlights
- Detached 30×30 shop with 900 sq ft
- Two bay doors
- Public water and sewer, with a bathroom already installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,964
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,280
$99.3K
Cap Rate 7%
$70,914
$70.9K
Cap Rate 9%
$55,156
$55.2K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$7.2K $8.04/SF
− Vacancy
−$145 −$0.16/SF
EGI
$7.1K $7.88/SF
− OpEx
−$2.1K −$2.36/SF
NOI
$5.0K $5.52/SF
Area
Caldwell County, NC
Vacancy
2.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,280
Cap Rate 7%
$70,914
Cap Rate 9%
$55,156
Alternative Uses
Best Use
Industrial
$70.9K
$62.1K – $82.7K
NOI $4,964 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$205.4K
$179.7K – $239.6K
NOI $14,377 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 28630, NC
19,772
Population
9,220
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
82%
High-School Grad
61.0 sq mi
ZIP Area
324
Density / Sq Mi
$65,713
Median Household Income
$41,407
Median Earnings
$808
Median Rent
$197,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Public water, sewer, a bathroom, and a wood stove are already installed.
Where is this industrial property located?
The property is located at 17-G Lake Street Granite Falls, NC.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Detached 30×30 shop with 900 sq ft; Two bay doors; Public water and sewer, with a bathroom already installed
