Industrial Building with Dock
For Sale
Contact for pricing
2011 N Main Avenue, Newton, NC 28658
Fully conditioned industrial building with 15' ceilings and dock access on a hard-corner site.
Property Size31,000 SF
Lot Size3.25 Acres
Price / SF$67.71
Days on Market142
Property Features for 2011 N Main Avenue
General Information
Standard status
Active
Size
31,000 SF
Lot size
3.25 Acres
Property subtype
Industrial
Zoning
M-1
Lease Type
NNN
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
15 ft
Dock-High Doors
2
Drive-In Doors
1
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Commercial First
Listed By:
Ryan Lovern · License #NC 196483
(828) 322-8022
Source:
Crexi
Added: Apr 17
Changed: Aug 23
Last Checked: Sep 1 at 1:23AM
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 Commercial First
Investment Insights
Based on property information with market context.
This for-sale industrial building offers 31,000 SF of fully conditioned space with 15' ceilings. The facility includes 2 dock doors and 1 ground level door, with additional door opportunities noted by the seller.
The property sits on a 3.25-acre site at a hard corner in Newton with a stoplight, providing convenient access for logistics and operations and strong visibility for passing traffic.
The current configuration supports a range of industrial uses consistent with the building’s conditioned interior and overhead height, including warehousing, manufacturing, or distribution.
The property sits on a 3.25-acre site at a hard corner in Newton with a stoplight, providing convenient access for logistics and operations and strong visibility for passing traffic.
The current configuration supports a range of industrial uses consistent with the building’s conditioned interior and overhead height, including warehousing, manufacturing, or distribution.
Key Highlights
- 31,000 SF industrial building in Newton on a hard‑corner site with a stoplight for access
- 3.25‑acre lot with hard‑corner positioning for exposure and easy logistics operations
- 15' ceilings for warehousing, manufacturing, or distribution use
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
$162,604
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
7.75%
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%
$3,252,080
$3.3M
Cap Rate 7%
$2,322,914
$2.3M
Cap Rate 9%
$1,806,711
$1.8M
Market Conditions
NOI Build-Up for 31,000 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
$249.2K $8.04/SF
− Vacancy
−$16.9K −$0.55/SF
EGI
$232.3K $7.49/SF
− OpEx
−$69.7K −$2.25/SF
NOI
$162.6K $5.25/SF
Area
Catawba County, NC
Vacancy
6.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$3,252,080
Cap Rate 7%
$2,322,914
Cap Rate 9%
$1,806,711
Alternative Uses
Best Use
Warehouse
$2.82M
$2.47M – $3.29M
NOI $197,448 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$2.32M
$2.03M – $2.71M
NOI $162,604 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$9.06M
$7.92M – $10.56M
NOI $633,888 @ 7.0% cap · market cap 30.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28658, NC
26,453
Population
10,958
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
88%
High-School Grad
71.3 sq mi
ZIP Area
371
Density / Sq Mi
$67,805
Median Household Income
$41,013
Median Earnings
$933
Median Rent
$192,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Affordable Moving and Storage, LLC — 514 W 21st St, Newton, NC 28658
- Newton-Conover RV and Self Storage — 2423 N Main Ave, Newton, NC 28658
Frequently Asked Questions
What type of property is this?
Warehouse - Fully conditioned industrial building with 15' ceilings and dock access on a hard-corner site.
Where is this warehouse located?
The property is located at 2011 N Main Avenue Newton, NC.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: 31,000 SF industrial building in Newton on a hard‑corner site with a stoplight for access; 3.25‑acre lot with hard‑corner positioning for exposure and easy logistics operations; 15' ceilings for warehousing, manufacturing, or distribution use
