Flex Building with Loading
232 John Crotts Rd, Mocksville, NC 27028
For Sale
Contact for pricing
A 2017 facility combines warehouse and office areas with three-phase power and air conditioning.
Property Size8,000 SF
Lot Size5.25 Acres
Price / SF$165
Days on Market51
Property Features for 232 John Crotts Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Three-Phase Power
Additional Details
Outdoor Storage
Building Details
Year Built
Building Size
Listing Agency:
Commercial Realty Advisors
Listed By:
Steve Vallos
(336) 793-0890
Source:
Crexi
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 8 at 9:13AM
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 Realty Advisors
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Investment Insights
Based on property information with market context.
Completed in 2017, this flex property contains approximately 8,000 square feet of building area on approximately 5.25 acres. General Industrial zoning applies. Its warehouse and office components are supported by a loading dock fitted with a leveler and an oversized drive-in door. The building also has three-phase power and air conditioning.
The site provides outdoor area alongside the building. Together, the building’s loading features, power service, and interior mix define its commercial configuration.
The site provides outdoor area alongside the building. Together, the building’s loading features, power service, and interior mix define its commercial configuration.
Key Highlights
- Approximately 8,000 square feet of flex/industrial building area
- Approximately 5.25 acres with General Industrial zoning
- Built in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,365
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,300
$1.1M
Cap Rate 7%
$805,214
$805.2K
Cap Rate 9%
$626,278
$626.3K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$72.0K $9.00/SF
− Vacancy
−$5.7K −$0.71/SF
EGI
$66.3K $8.29/SF
− OpEx
−$9.9K −$1.24/SF
NOI
$56.4K $7.05/SF
Area
Davie County, NC
Vacancy
7.90%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,300
Cap Rate 7%
$805,214
Cap Rate 9%
$626,278
Alternative Uses
Best Use
Warehouse
$805.2K
$704.6K – $939.4K
NOI $56,365 @ 7.0% cap · market cap 4.27%
Second Best
Industrial
$663.1K
$580.2K – $773.6K
NOI $46,418 @ 7.0% cap · market cap 3.52%
Theoretical Best
Mixed Use
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27028, NC
26,479
Population
11,096
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
88%
High-School Grad
192.8 sq mi
ZIP Area
137
Density / Sq Mi
$66,166
Median Household Income
$39,858
Median Earnings
$837
Median Rent
$198,400
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
Frequently Asked Questions
What type of property is this?
Flex space - A 2017 facility combines warehouse and office areas with three-phase power and air conditioning.
Where is this flex space located?
The property is located at 232 John Crotts Rd Mocksville, NC.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Approximately 8,000 square feet of flex/industrial building area; Approximately 5.25 acres with General Industrial zoning; Built in 2017
