Manufacturing Facility with Cold
For Sale
Contact for pricing
312 Sound Rd, Holly Ridge, NC 28445
Light Industrial facility with production, office, freezer, cooler, and dry storage areas.
Property Size80,354 SF
Lot Size6.39 Acres
Price / SF$65.34
Days on Market328
Property Features for 312 Sound Rd
General Information
Standard status
Active
Size
80,354 SF
Lot size
6.39 Acres
Property subtype
INDUSTRIAL
Zoning
Light Industrial (LI)
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
32 ft
Dock-High Doors
5
Cold Storage
Yes
Building Details
Year Built
1987
Building Size
80,354 SF
Listing Agency:
Cape Fear Commercial, LLC
(910) 233-5351
Listed By:
William Leonard
(910) 233-5351
Source:
Moodyscre
Added: Oct 7, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:33PM
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 Cape Fear Commercial, LLC
Investment Insights
Based on property information with market context.
This Light Industrial manufacturing facility contains approximately 80,354 SF across 6.39 acres. The configuration includes line production areas, office space, cooler facilities, additional storage freezers, and dry storage. Built in 1987, the building offers a 32-foot clear height and five loading docks to support industrial operations and goods movement.
The property is located at 312 Sound Road in Holly Ridge, North Carolina, just off Highway 17 and near the town center. Camp Davis Industrial Park is nearby, while Jacksonville and the Wilmington corridor provide broader regional connections. Zoned Light Industrial (LI), the site combines production, temperature-controlled storage, dry storage, and loading infrastructure within one facility.
The property is located at 312 Sound Road in Holly Ridge, North Carolina, just off Highway 17 and near the town center. Camp Davis Industrial Park is nearby, while Jacksonville and the Wilmington corridor provide broader regional connections. Zoned Light Industrial (LI), the site combines production, temperature-controlled storage, dry storage, and loading infrastructure within one facility.
Key Highlights
- Approximately 80,354 SF manufacturing facility on 6.39 acres
- Light Industrial (LI) zoning
- Line production, office, cooler, freezer, and dry storage areas
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
$421,481
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
8.03%
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%
$8,429,620
$8.4M
Cap Rate 7%
$6,021,157
$6.0M
Cap Rate 9%
$4,683,122
$4.7M
Market Conditions
NOI Build-Up for 80,354 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
$646.0K $8.04/SF
− Vacancy
−$43.9K −$0.55/SF
EGI
$602.1K $7.49/SF
− OpEx
−$180.6K −$2.25/SF
NOI
$421.5K $5.25/SF
Area
Onslow County, NC
Vacancy
6.80%
Lease Rate
$8.04 /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%
$8,429,620
Cap Rate 7%
$6,021,157
Cap Rate 9%
$4,683,122
Alternative Uses
Best Use
Warehouse
$7.31M
$6.40M – $8.53M
NOI $511,798 @ 7.0% cap · market cap 9.75%
Second Best
Industrial
$6.02M
$5.27M – $7.02M
NOI $421,481 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$17.46M
$15.27M – $20.36M
NOI $1,221,895 @ 7.0% cap · market cap 23.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32 ft
Clear height
5
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 28445, NC
10,243
Population
8,832
Households
1.2
Avg Household Size
38
Median Age
42%
College-Educated
92%
High-School Grad
103.7 sq mi
ZIP Area
99
Density / Sq Mi
$89,250
Median Household Income
$56,844
Median Earnings
$1,318
Median Rent
$332,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Light Industrial facility with production, office, freezer, cooler, and dry storage areas.
Where is this manufacturing property located?
The property is located at 312 Sound Rd Holly Ridge, NC.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Approximately 80,354 SF manufacturing facility on 6.39 acres; Light Industrial (LI) zoning; Line production, office, cooler, freezer, and dry storage areas
