Industrial Warehouse with Outdoor
For Sale
$1,200,000
1819 John Moore Road, Monroe, NC 28110
Flexible warehouse and operational space with outdoor storage and parking to support a range of contractor and distribution needs.
Property Size6,442 SF
Lot Size0.76 Acres
Price / SF$186.28
Days on Market84
Property Features for 1819 John Moore Road
General Information
Standard status
Active
Size
6,442 SF
Lot size
0.76 Acres
Property subtype
Commercial
Building Details
Year Built
1965
Listing Agency:
LANTERN REALTY & DEVELOPMENT, LLC
(704) 298-0087
Listed By:
CHRIS PUCKETT · License #279213
Source:
Corcoran
Added: Jun 2
Changed: Aug 23
Last Checked: Aug 23 at 4:37PM
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 LANTERN REALTY & DEVELOPMENT, LLC
Investment Insights
Based on property information with market context.
This approximately 6,442 SF industrial facility is set on an approximately 0.76-acre site and is designed for flexible warehouse and operational use. The layout is well-suited for businesses that need room for inventory, equipment, and vehicle storage, as well as operations such as contractor work, service activity, light manufacturing, and distribution. On-site outdoor storage and parking potential provide additional flexibility for companies that rely on equipment staging and temporary storage.
The property is located at 1819 John Moore Road in Union County, with convenient access and road frontage intended to support day-to-day logistics and customer or workforce travel. The listing notes easy connectivity to Monroe, Charlotte, and surrounding markets, along with access to regional transportation routes.
From a tenant or owner-user perspective, the building’s adaptable warehouse and operational configuration can fit a range of commercial and industrial business models, including storage-focused users, service providers, and companies looking for light industrial or distribution space. For investors, it is presented as a functional industrial asset suitable for portfolio addition, with the understanding that zoning and permitted uses should be verified independently by buyers.
The property is located at 1819 John Moore Road in Union County, with convenient access and road frontage intended to support day-to-day logistics and customer or workforce travel. The listing notes easy connectivity to Monroe, Charlotte, and surrounding markets, along with access to regional transportation routes.
From a tenant or owner-user perspective, the building’s adaptable warehouse and operational configuration can fit a range of commercial and industrial business models, including storage-focused users, service providers, and companies looking for light industrial or distribution space. For investors, it is presented as a functional industrial asset suitable for portfolio addition, with the understanding that zoning and permitted uses should be verified independently by buyers.
Key Highlights
- 6,442 SF commercial building on an approximately 0.76‑acre site
- Flexible warehouse/industrial layout for contractor, service, storage, distribution, manufacturing, and industrial uses
- Outdoor storage and parking potential for vehicle and inventory needs
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
$46,817
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
3.90%
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%
$936,340
$936.3K
Cap Rate 7%
$668,814
$668.8K
Cap Rate 9%
$520,189
$520.2K
Market Conditions
NOI Build-Up for 6,442 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
$58.0K $9.00/SF
− Vacancy
−$2.9K −$0.45/SF
EGI
$55.1K $8.55/SF
− OpEx
−$8.3K −$1.28/SF
NOI
$46.8K $7.27/SF
Area
Union County, NC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$936,340
Cap Rate 7%
$668,814
Cap Rate 9%
$520,189
Alternative Uses
Best Use
Warehouse
$668.8K
$585.2K – $780.3K
NOI $46,817 @ 7.0% cap · market cap 3.90%
Second Best
Industrial
$606.3K
$530.5K – $707.4K
NOI $42,443 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,286 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28110, NC
53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Flexible warehouse and operational space with outdoor storage and parking to support a range of contractor and distribution needs.
Where is this warehouse located?
The property is located at 1819 John Moore Road Monroe, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,442 SF commercial building on an approximately 0.76‑acre site; Flexible warehouse/industrial layout for contractor, service, storage, distribution, manufacturing, and industrial uses; Outdoor storage and parking potential for vehicle and inventory needs
