Modern Industrial Facility with Expansion
For Sale
Contact for pricing
212 Quality Dr, Mocksville, NC
Completed in 2022, expandable industrial facility with modern amenities.
Property Size108,960 SF
Lot Size13.78 Acres
Price / SF$99.99
Days on Market343
Property Features for 212 Quality Dr
General Information
Standard status
Active
Size
108,960 SF
Lot size
13.78 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Binswanger - Corporate
(215) 448-6000
Listed By:
Douglas M. Faris
Source:
Moodyscre
Added: Sep 12, 2025
Changed: Aug 17
Last Checked: Aug 20 at 11:19AM
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 Binswanger - Corporate
Investment Insights
Based on property information with market context.
This industrial facility, with shell construction completed in 2018 and final construction in 2022, offers a total property size of 108960 square feet. The building features clear ceiling heights ranging from 32 to 36 feet and column spacing of 60 x 60 feet. It is equipped with 100% ESFR sprinkler coverage, six 9' x 10' dock-high doors, and one 12' x 14' drive-in door. The property includes approximately 5,450 square feet of front office space, along with an additional shipping office and a QC lab. Approximately 24,500 square feet of the production area is air-conditioned. The building is expandable to approximately 160,000 square feet, offering potential for future growth.
Key Highlights
- Expandable to approximately 160,000 SF
- Approximately 24,500 SF of air‑conditioned production area
- Benefit from 32' - 36' clear ceiling height and 60' x 60' column spacing
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
$767,694
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
7.05%
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%
$15,353,880
$15.4M
Cap Rate 7%
$10,967,057
$11.0M
Cap Rate 9%
$8,529,933
$8.5M
Market Conditions
NOI Build-Up for 108,960 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
$980.6K $9.00/SF
− Vacancy
−$77.5K −$0.71/SF
EGI
$903.2K $8.29/SF
− OpEx
−$135.5K −$1.24/SF
NOI
$767.7K $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 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%
$15,353,880
Cap Rate 7%
$10,967,057
Cap Rate 9%
$8,529,933
Alternative Uses
Best Use
Warehouse
$10.97M
$9.60M – $12.79M
NOI $767,694 @ 7.0% cap · market cap 7.05%
Second Best
Industrial
$9.03M
$7.90M – $10.54M
NOI $632,219 @ 7.0% cap · market cap 5.80%
Theoretical Best
Multifamily LT 5
$1,296.19M
$1,134.17M – $1,512.22M
NOI $90,733,360 @ 7.0% cap · market cap 832.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- Miller's Storage — 1765 HWY 601 North, Mocksville, NC 27028
- Available Storage Co — 1919 US-601, Mocksville, NC 27028
Frequently Asked Questions
What type of property is this?
Warehouse - Completed in 2022, expandable industrial facility with modern amenities.
Where is this warehouse located?
The property is located at 212 Quality Dr Mocksville, NC.
What is the asking price?
The asking price for this property is $10,895,000.
What are key features of this property?
This property features: Expandable to approximately 160,000 SF; Approximately 24,500 SF of air‑conditioned production area; Benefit from **32' - 36' clear ceiling height** and 60' x 60' column spacing
