Industrial Building with Dock
New
For Sale
Contact for pricing
228 Crawford Rd, Statesville, NC 28625
A substantial office component complements the building’s warehouse and storage space.
Property Size22,500 SF
Lot Size2.38 Acres
Price / SF$100
Days on Market6
Property Features for 228 Crawford Rd
General Information
Standard status
Active
Size
22,500 SF
Lot size
2.38 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
18 ft
Office Build-Out
5,575 SF
Dock-High Doors
2
Drive-In Doors
2
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
22,500 SF
Listing Agency:
Selwyn Property Group
(704) 343-2828
Listed By:
Chris Neal · License #NC 197703
(704) 287-7120
Source:
Moodyscre
Added: Nov 1
Changed: Nov 4
Last Checked: Nov 6 at 6:59AM
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 Selwyn Property Group
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Investment Insights
Based on property information with market context.
This industrial property contains 22,500 square feet, including 5,575 square feet of office space. Clear heights range from 12 to 18 feet, and the building has two drive-in doors and two dock-high doors. The site encompasses 2.38 acres and includes outside storage, with room to expand that area at the rear of the property.
The property is 1.5 miles from Interstate 40 and 3.1 miles from Interstate 77.
The property is 1.5 miles from Interstate 40 and 3.1 miles from Interstate 77.
Key Highlights
- 22,500 SF building with 5,575 SF of office space
- Clear heights range from 12' to 18'
- Two drive‑in doors and two dock‑high doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,519
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,270,380
$3.3M
Cap Rate 7%
$2,335,986
$2.3M
Cap Rate 9%
$1,816,878
$1.8M
Market Conditions
NOI Build-Up for 22,500 SF
Gross rent
$202.5K $9.00/SF
− Vacancy
−$10.1K −$0.45/SF
EGI
$192.4K $8.55/SF
− OpEx
−$28.9K −$1.28/SF
NOI
$163.5K $7.27/SF
Area
Iredell 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 Rate 5%
$3,270,380
Cap Rate 7%
$2,335,986
Cap Rate 9%
$1,816,878
Alternative Uses
Best Use
Warehouse
$2.34M
$2.04M – $2.73M
NOI $163,519 @ 7.0% cap · market cap 7.27%
Second Best
Industrial
$2.12M
$1.85M – $2.47M
NOI $148,242 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$7.08M
$6.20M – $8.26M
NOI $495,720 @ 7.0% cap · market cap 22.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28625, NC
38,396
Population
16,917
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
199.3 sq mi
ZIP Area
193
Density / Sq Mi
$64,657
Median Household Income
$38,123
Median Earnings
$996
Median Rent
$216,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Betco — 254 Wilson Park Rd, Statesville, NC 28625
- Fort Knox Indoor RV Storage — 218 Wilson Park Rd, Statesville, NC 28625
Frequently Asked Questions
What type of property is this?
Warehouse - A substantial office component complements the building’s warehouse and storage space.
Where is this warehouse located?
The property is located at 228 Crawford Rd Statesville, NC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 22,500 SF building with 5,575 SF of office space; Clear heights range from 12' to 18'; Two drive‑in doors and two dock‑high doors
