Single-Story Industrial
311 E Virginia Ave Bessemer City, NC 28016
311 E Virginia Ave, Bessemer City, NC, 28016
Contact for pricing
For Sale
Contact for pricing
Single-story warehouse with front office and reception window plus ample yard area on a little over half acre.
Property Size3,104 SF
Lot Size0.81 Acres
Price / SF$136.92
Days on Market75
Property Features for 311 E Virginia Ave
General Information
- Standard status
- Active
- Size
- 3,104 SF
- Lot size
- 0.81 Acres
- Property subtype
- INDUSTRIAL
Listing agency
The Nichols Company
(928) 756-9888
Listed by
Scott Jackson · License #267758
(928) 756-9888
Source
Moodyscre
Added: May 8 Updated: Jul 20 at 9:10PM Checked: Jul 20 at 9:10PM
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 The Nichols Company
Investment Insights
Based on property information with market context.
This single-story industrial warehouse provides approximately 3,104 square feet of functional space, with a front office and reception window located at the entrance. The property also includes ample yard area, giving flexibility for outdoor storage and potential to add parking.
The property is positioned just outside downtown Bessemer City at 311 E Virginia Ave.
The layout supports customer-facing operations through the office and reception window while maintaining an open warehouse area supported by the surrounding yard for additional flexibility.
The property is positioned just outside downtown Bessemer City at 311 E Virginia Ave.
The layout supports customer-facing operations through the office and reception window while maintaining an open warehouse area supported by the surrounding yard for additional flexibility.
Key Highlights
- Single‑story industrial warehouse with +/- 3,104 SF of space
- Sits on +/- 0.81 AC with an additional yard area for outdoor storage or parking potential
- Includes a front office and reception window at the entrance
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $9.00 |
| − Vacancy | −$1.4k | −$0.45 |
| EGI | $26.5k | $8.55 |
| − OpEx | −$4.0k | −$1.28 |
| NOI | $22.6k | $7.27 |
3,104 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$777.7K
$680.5K – $907.3K
NOI $54,438 @ 7.0% cap · market cap 12.81%
Second Best
Warehouse
$322.3K
$282.0K – $376.0K
NOI $22,558 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$977.0K
$854.8K – $1.14M
NOI $68,387 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Single-story warehouse with front office and reception window plus ample yard area on a little over half acre.
Where is this flex space located?
The property is located at 311 E Virginia Ave Bessemer City, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Single‑story industrial warehouse with +/- 3,104 SF of space; Sits on +/- 0.81 AC with an additional yard area for outdoor storage or parking potential; Includes a front office and reception window at the entrance
