Functional Warehouse with Strategic
3213 Westwood Industrial Drive Monroe, NC 28110
For Sale
$3,050,000
18,000 SF warehouse with office space and convenient location.
Property Size18,000 SF
Price / SF$169.44
Days on Market262
Property Features for 3213 Westwood Industrial Drive
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Commercial
Building Details
Year Built
2009
Listing Agency:
MW COMMERCIAL REALTY LLC
(704) 634-7429
Listed By:
EMILY CLINE · License ##303799
Source:
Corcoran
Added: Nov 10, 2025
Changed: Jul 10
Last Checked: Jul 29 at 8:12AM
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 MW COMMERCIAL REALTY LLC
Investment Insights
Based on property information with market context.
The property at 3213 Westwood Industrial Drive features 18,000 square feet of space, including 1,800 square feet of office area and 16,200 square feet of warehouse space. The warehouse includes two drive-in doors: one oversized at 20 feet by 20 feet, and another at 12 feet by 12 feet. The interior provides clear heights ranging from 16 feet to 20 feet at the eaves. It is equipped with a fully sprinklered system, air compression lines, and heavy-duty power. The property is located just off Rocky River Road, providing connectivity to Highway 74 and the Monroe Expressway (Bypass), allowing for transportation throughout the Charlotte region. This facility is suited for manufacturing, fabrication, or storage uses.
Key Highlights
- Excellent regional access via Highway 74 and the Monroe Expressway.
- 16,200 SF of warehouse space with 16’–20’ clear heights.
- Equipped with two drive‑in doors, including one oversized 20’ x 20’ door.
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 | $162.0k | $9.00 |
| − Vacancy | −$8.1k | −$0.45 |
| EGI | $153.9k | $8.55 |
| − OpEx | −$23.1k | −$1.28 |
| NOI | $130.8k | $7.27 |
18,000 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$4.01M
$3.51M – $4.68M
NOI $280,880 @ 7.0% cap · market cap 9.21%
Second Best
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,815 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$5.56M
$4.86M – $6.49M
NOI $389,189 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - 18,000 SF warehouse with office space and convenient location.
Where is this warehouse located?
The property is located at 3213 Westwood Industrial Drive Monroe, NC.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: Excellent regional access via Highway 74 and the Monroe Expressway.; 16,200 SF of warehouse space with 16’–20’ clear heights.; Equipped with two drive‑in doors, including one oversized 20’ x 20’ door.
