Flex Space With Drive-In
2109 Spartanburg Highway, East Flat Rock, NC 28726
For Sale
Contact for pricing
Versatile industrial space with offices, reception area, two restrooms, and prominent highway frontage.
Property Size1,961 SF
Price / SF$1.17
Days on Market52
Property Features for 2109 Spartanburg Highway
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Amenities
Additional parcels description:, Parcel Number: 1007202, Assessed Value: $442,400, Zoning: CC
Listing ID: CAR4425565, Standard Status: Active, MLS Status: Active, Property Subtype: Automotive
Built in 1961
County/Parish: Henderson
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
Year Built
Listing Agency:
NAI Beverly-Hanks
(828) 210-3940
Listed By:
Chris Mansfield · License ##340236
(845) 699-3340
Source:
Blackstreaminternational
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 9:31AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ±3,750-square-foot flex property combines an open warehouse area with drive-in access and separate office and reception areas. Two restrooms support the existing layout, which is currently configured for automotive service. The 1961-built property can support non-automotive operations such as contracting, trades, service businesses, warehousing and distribution, manufacturing, machining, assembly, and production.
Frontage along Spartanburg Highway provides exposure in East Flat Rock, while nearby access to I-26 connects the property with the broader Hendersonville market. The configuration offers a practical mix of warehouse and administrative space for an owner-user or service-oriented operation.
Frontage along Spartanburg Highway provides exposure in East Flat Rock, while nearby access to I-26 connects the property with the broader Hendersonville market. The configuration offers a practical mix of warehouse and administrative space for an owner-user or service-oriented operation.
Key Highlights
- ±3,750 SF of flex/light industrial space
- Open warehouse area with drive‑in access
- Dedicated office and reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,916
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,320
$458.3K
Cap Rate 7%
$327,371
$327.4K
Cap Rate 9%
$254,622
$254.6K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$33.8K $9.00/SF
− Vacancy
−$1.0K −$0.27/SF
EGI
$32.7K $8.73/SF
− OpEx
−$9.8K −$2.62/SF
NOI
$22.9K $6.11/SF
Area
Henderson County, NC
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,320
Cap Rate 7%
$327,371
Cap Rate 9%
$254,622
Alternative Uses
Best Use
Retail
$662.2K
$579.4K – $772.5K
NOI $46,352 @ 7.0% cap · market cap 1,059.47%
Second Best
Warehouse
$397.5K
$347.8K – $463.8K
NOI $27,827 @ 7.0% cap · market cap 636.05%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,480 @ 7.0% cap · market cap 1,999.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28726, NC
3,787
Population
1,450
Households
2.6
Avg Household Size
35
Median Age
9%
College-Educated
79%
High-School Grad
2.5 sq mi
ZIP Area
1,515
Density / Sq Mi
$56,638
Median Household Income
$31,139
Median Earnings
$945
Median Rent
$178,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Budy Finch Catering & Revelry — 116-D Waterlily Dr, Flat Rock, NC 28731
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial space with offices, reception area, two restrooms, and prominent highway frontage.
Where is this flex space located?
The property is located at 2109 Spartanburg Highway East Flat Rock, NC.
What are key features of this property?
This property features: ±3,750 SF of flex/light industrial space; Open warehouse area with drive‑in access; Dedicated office and reception areas
