Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Staley Industrial Facility For Sale Title is generated by Realmo AI

    248 W Franklinville Street, Staley, NC 27355

    View on Map
    Claim this Listing
    New
    For Sale
    $599,000

    COMMERCIAL - Staley, NC

    Property size:
    18,100 SF
    Lot size:
    2.70 Acres
    Price / SF:
    $33/SF
    Added:
    May 11, 2026
    Days on Market:
    2
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for 248 W Franklinville Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M1-RR
    Parking
    12
    Fencing
    Chain Link
    Standard status
    Active
    APN
    0078169
    Size
    18,100 SF
    Lot size
    2.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    FRANKLINVILLE ST;BOTH
    Tax Annual Amount
    2060

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1987
    Flooring type
    Concrete
    Building materials
    Steel Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Roger Abbott
    Roger Abbott

    Listing agent Roger Abbott License #318076,NORTHCAROLINA

    Listing office Keller Williams Central 2280 S Church Street Suite 206, Burlington, NC

    Listing date May 11, 2026

    MLS# 10166386

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 18,100 sq ft industrial facility ideal for manufacturing, warehousing, distribution, or light industrial use.
    • Situated on 2.70 acres across two parcels, zoned M1 Light Industrial and RR Low Density Residential.
    • Durable metal construction with a flexible layout.
    • Equipped with two 8' x 10' loading docks, an 8'x10' lowboy dock, and a covered loading dock.
    • Features ceiling heights from 10'4'' to 13', compressed air, gas heat, and 200 amp 3‑phase power.
    • Includes office space, a kitchen area, two restrooms, and 11 parking spaces.

    Overview

    This 18,100 square foot industrial facility in Staley, NC, presents a strong opportunity for manufacturing, warehousing, distribution, or light industrial use. The property is situated on 2.70 acres across two parcels and features durable metal construction with a red steel frame. The building offers a flexible layout designed for efficient operations, with ceiling heights ranging from 10'4'' to 13'. It includes compressed air, gas heat, and 200 amp 3-phase power. Shipping and receiving are facilitated by two 8' x 10' loading docks, an 8'x10' lowboy dock, and a covered loading dock. Additional features include office space, a kitchen area, two restrooms, and 11 parking spaces. The lot is partially fenced. The property is served by gas, electric, well and septic. Approximately 1.5 acres are zoned M1 Light Industrial, allowing manufacturing, warehousing, and wholesale uses, while the remaining 1.2 acres are zoned RR Low Density Residential for added flexibility. The property is located 11 miles from the Toyota battery plant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Benchmark Upholstery Inc Furniture & Home Goods Amor Furniture and Bedding, ... Industrial Manufacturer

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Electrical Service Furniture & Home Goods Restaurant Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staley
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.554517
    Latitude
    35.795754

    FAQs

    What type of property is this?
    Manufacturing property - 18,100 SF industrial facility on 2.7 acres.
    Where is this manufacturing property located?
    The property is located at 248 W Franklinville Street Staley, NC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 18,100 sq ft industrial facility ideal for manufacturing, warehousing, distribution, or light industrial use.; Situated on 2.70 acres across two parcels, zoned M1 Light Industrial and RR Low Density Residential.; Durable metal construction with a flexible layout.
    (336) 264-3204
    We can help!
    Listing Contact
    Roger Abbott
    Roger Abbott
    Real Estate License ID: 318076,NORTHCAROLINA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    248 W Franklinville Street, Staley, NC 27355
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!