Warehouse with Office
New
For Sale
$2,700,000
3213 Westwood Industrial Drive, Monroe, NC 28110
Industrial infrastructure and a dedicated office component support a range of facility needs.
Property Size18,000 SF
Price / SF$150
Days on Market7
Property Features for 3213 Westwood Industrial Drive
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Commercial
Zoning
GI
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
16,200 SF
Office Build-Out
1,800 SF
Drive-In Doors
2
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Property Use
Warehouse
Building Details
Year Built
2009
Buildings
1
Stories
1
Listing Agency:
MW Commercial Realty LLC
Listed By:
Emily Cline · License ##303799
(704) 280-1314
Source:
Geoffcampbell
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 26 at 4:07AM
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
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Investment Insights
Based on property information with market context.
This 18,000-square-foot industrial building in Monroe includes 16,200 square feet of warehouse area and 1,800 square feet of office space. Two drive-in doors measure 20' x 20' and 12' x 12'. Warehouse clear heights range from 16' to 20' at the eaves, and the building has a sprinkler system, air compression lines, and heavy-duty power. The property was built in 2009 and is zoned GI.
Westwood Industrial Drive provides access to Rocky River Road, Highway 74, and the Monroe Expressway (Bypass), connecting the facility to the Charlotte region.
Westwood Industrial Drive provides access to Rocky River Road, Highway 74, and the Monroe Expressway (Bypass), connecting the facility to the Charlotte region.
Key Highlights
- 18,000 SF building with 16,200 SF of warehouse and 1,800 SF of office space
- Two drive‑in doors: 20' x 20' and 12' x 12'
- 16'–20' clear heights at the eaves
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,815
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,616,300
$2.6M
Cap Rate 7%
$1,868,786
$1.9M
Cap Rate 9%
$1,453,500
$1.5M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$162.0K $9.00/SF
− Vacancy
−$8.1K −$0.45/SF
EGI
$153.9K $8.55/SF
− OpEx
−$23.1K −$1.28/SF
NOI
$130.8K $7.27/SF
Area
Union County, NC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,616,300
Cap Rate 7%
$1,868,786
Cap Rate 9%
$1,453,500
Alternative Uses
Best Use
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,815 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$1.69M
$1.48M – $1.98M
NOI $118,594 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$5.56M
$4.86M – $6.49M
NOI $389,189 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28110, NC
53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial infrastructure and a dedicated office component support a range of facility needs.
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 $2,700,000.
What are key features of this property?
This property features: 18,000 SF building with 16,200 SF of warehouse and 1,800 SF of office space; Two drive‑in doors: 20' x 20' and 12' x 12'; 16'–20' clear heights at the eaves
