Flex Space Industrial
For Sale
Contact for pricing
1935 S Main St, Salisbury, NC 28144
Industrial condo offering approximately 3,500 SF in a larger building on about 1.8 acres with convenient interstate access.
Property Size3,500 SF
Price / SF$128.57
Days on Market299
Property Features for 1935 S Main St
General Information
Standard status
Active
Size
3,500 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Romans Properties
(704) 619-7554
Listed By:
Chris Orr · License #192220
(704) 619-7554
Source:
Moodyscre
Added: Oct 6, 2025
Changed: Jul 30
Last Checked: Jul 30 at 8:42AM
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 Romans Properties
Investment Insights
Based on property information with market context.
Available is an approximately 3,500 +/- SF industrial condo located within a 19,800 +/- square feet building situated on about 1.8 acres. The space is part of a multi-tenant industrial condo environment, designed to support flexible warehouse and light industrial requirements.
The property at 1935 S Main St in Salisbury, NC offers easy access to I-85, supporting straightforward routes for tenants, deliveries, and workforce travel.
For buyers seeking a manageable industrial footprint within a larger structure, this condo provides a defined space size while leveraging the broader building footprint and the site’s access to I-85.
The property at 1935 S Main St in Salisbury, NC offers easy access to I-85, supporting straightforward routes for tenants, deliveries, and workforce travel.
For buyers seeking a manageable industrial footprint within a larger structure, this condo provides a defined space size while leveraging the broader building footprint and the site’s access to I-85.
Key Highlights
- Approximately 3,500 +/- SF industrial condo space
- Located in a 19,800 +/- SF building
- About 1.8 acres
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.2k | $9.48 |
| − Vacancy | −$2.7k | −$0.78 |
| EGI | $30.5k | $8.70 |
| − OpEx | −$9.1k | −$2.61 |
| NOI | $21.3k | $6.09 |
3,500 SF · lease $9.48/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$304.6K
$266.5K – $355.4K
NOI $21,321 @ 7.0% cap · market cap 4.74%
Second Best
Flex RnD
$250.1K
$218.8K – $291.8K
NOI $17,505 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28144, NC
26,254
Population
12,655
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
30.1 sq mi
ZIP Area
872
Density / Sq Mi
$51,432
Median Household Income
$29,787
Median Earnings
$982
Median Rent
$205,900
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?
Flex space - Industrial condo offering approximately 3,500 SF in a larger building on about 1.8 acres with convenient interstate access.
Where is this flex space located?
The property is located at 1935 S Main St Salisbury, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 3,500 +/- SF industrial condo space; Located in a 19,800 +/- SF building; About 1.8 acres
