Standalone Office Building with
New
For Sale
$450,000
259 Unionville Indian Trail Rd W, Indian Trail, NC 28079
RBD-zoned property offers private rooms, meeting space, and outdoor areas for office use.
Property Size1,008 SF
Lot Size0.60 Acres
Price / SF$446.43
Days on Market4
Property Features for 259 Unionville Indian Trail Rd W
General Information
Standard status
Active
Size
1,008 SF
Lot size
0.60 Acres
Zoning
RBD
Additional Details
Office Units
1
Amenities
rear deck
covered front porch
Building Details
Year Built
1984
Buildings
1
Tenancy
Single
Listing Agency:
Britt Commercial Real Estate, LLC
Listed By:
Zach Britt · License #315119
(615) 971-1553
Source:
Mycrosskeys
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 4:02PM
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 Britt Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 1,008 SF office property in Indian Trail occupies 0.60 acres and was built in 1984. The layout includes three private offices or rooms, two bathrooms, a conference area, hardwood floors, and a large garage. A rear deck and covered front porch add exterior space, while the building retains the residential character of a single-family home within an office-oriented commercial setting.
Zoned RBD, the property is located at 259 Unionville Indian Trail Rd W. Approved plans are in place for the upfit required to operate as an office, providing a defined path for office use. The combination of a standalone building, substantial lot, garage, and existing interior configuration supports a practical small-office format.
Zoned RBD, the property is located at 259 Unionville Indian Trail Rd W. Approved plans are in place for the upfit required to operate as an office, providing a defined path for office use. The combination of a standalone building, substantial lot, garage, and existing interior configuration supports a practical small-office format.
Key Highlights
- 1,008 SF office property on 0.60 acres
- Three private offices or rooms with two bathrooms
- Conference area, hardwood floors, rear deck, and covered front porch
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
$15,729
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
3.50%
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%
$314,580
$314.6K
Cap Rate 7%
$224,700
$224.7K
Cap Rate 9%
$174,767
$174.8K
Market Conditions
NOI Build-Up for 1,008 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
$26.2K $26.04/SF
− Vacancy
−$5.3K −$5.23/SF
EGI
$21.0K $20.81/SF
− OpEx
−$5.2K −$5.20/SF
NOI
$15.7K $15.60/SF
Area
Union County, NC
Vacancy
20.10%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$314,580
Cap Rate 7%
$224,700
Cap Rate 9%
$174,767
Alternative Uses
Best Use
Office B
$224.7K
$196.6K – $262.2K
NOI $15,729 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.4K
$272.4K – $363.3K
NOI $21,795 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 28079, NC
39,051
Population
14,354
Households
2.7
Avg Household Size
38
Median Age
41%
College-Educated
93%
High-School Grad
46.6 sq mi
ZIP Area
838
Density / Sq Mi
$97,602
Median Household Income
$47,483
Median Earnings
$1,895
Median Rent
$352,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - RBD-zoned property offers private rooms, meeting space, and outdoor areas for office use.
Where is this office building located?
The property is located at 259 Unionville Indian Trail Rd W Indian Trail, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,008 SF office property on 0.60 acres; Three private offices or rooms with two bathrooms; Conference area, hardwood floors, rear deck, and covered front porch
