Multi-Building Warehouse
For Sale
$699,000
300 Guthrie Street, Graham, NC 27253
Commercial Sale, Graham, NC
Property Size12,740 SF
Lot Size0.78 Acres
Price / SF$54.87
Days on Market509
Property Features for 300 Guthrie Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
(I-1)
Standard status
Active
APN
145574
Size
12,740 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Guthrie St 160-650-114
Tax Annual Amount
1211
Legal Description
Guthrie St 160-650-114
Building Details
Year built
1966
Flooring type
Concrete
Building materials
Brick, Metal Siding
Roof type
Metal
Listing Agency:
Grow Local Realty, LLC
(919) 830-5233
Listed By:
Yessy Renderos Renderos
(919) 665-7523
Added: Apr 24, 2025
Changed: Aug 19
Last Checked: Sep 14 at 8:06AM
MLS# 10091530
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.
Investment Insights
Based on property information with market context.
This warehouse property in Graham comprises multiple buildings totaling 12,740 square feet on 0.78 acres. The improvements date to 1966 and include brick and metal siding, concrete flooring, and a metal roof. Renovation work has added enclosed areas, repaired the roof, and enhanced walls and exterior masonry. Heavy power distribution is in place, and the property includes parking.
Zoned I-1 (Light Industrial), the site is configured for warehouse, storage, distribution, and manufacturing operations. Its position next to the I-40/85 highway provides access toward Burlington and other cities including Durham, Raleigh, and Greensboro.
Zoned I-1 (Light Industrial), the site is configured for warehouse, storage, distribution, and manufacturing operations. Its position next to the I-40/85 highway provides access toward Burlington and other cities including Durham, Raleigh, and Greensboro.
Key Highlights
- 12,740 square feet across multiple warehouse buildings
- 0.78‑acre industrial property in Graham
- I‑1 (Light Industrial) zoning
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
$50,149
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
7.17%
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%
$1,002,980
$1.0M
Cap Rate 7%
$716,414
$716.4K
Cap Rate 9%
$557,211
$557.2K
Market Conditions
NOI Build-Up for 12,740 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
$79.0K $6.20/SF
− Vacancy
−$7.3K −$0.58/SF
EGI
$71.6K $5.62/SF
− OpEx
−$21.5K −$1.69/SF
NOI
$50.1K $3.94/SF
Area
Alamance County, NC
Vacancy
9.30%
Lease Rate
$6.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,002,980
Cap Rate 7%
$716,414
Cap Rate 9%
$557,211
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,579 @ 7.0% cap · market cap 14.39%
Second Best
Industrial
$716.4K
$626.9K – $835.8K
NOI $50,149 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$4.20M
$3.68M – $4.90M
NOI $294,023 @ 7.0% cap · market cap 42.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27253, NC
32,010
Population
14,821
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
88%
High-School Grad
81.9 sq mi
ZIP Area
391
Density / Sq Mi
$62,020
Median Household Income
$39,307
Median Earnings
$975
Median Rent
$212,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Graham Marine Sales — 318 W Harden St, Graham, NC 27253
Frequently Asked Questions
What type of property is this?
Warehouse - Light-industrial zoning, heavy power distribution, and renovated components accommodate warehouse, storage, distribution, and manufacturing uses.
Where is this warehouse located?
The property is located at 300 Guthrie Street Graham, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 12,740 square feet across multiple warehouse buildings; 0.78‑acre industrial property in Graham; I‑1 (Light Industrial) zoning
