Heavy Industrial Warehouse
For Sale
Contact for pricing
3251 Robinson Circle, Charlotte, NC 28206
Metal heavy industrial building with dock and drive-in access, suited for owner-users needing practical outdoor storage.
Property Size16,000 SF
Lot Size1.74 Acres
Price / SF$218.75
Days on Market133
Property Features for 3251 Robinson Circle
General Information
Standard status
Active
Size
16,000 SF
Class
C
Lot size
1.74 Acres
Property subtype
Industrial
Zoning
ML-2
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
15 ft
Dock-High Doors
2
Drive-In Doors
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1991
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Realty
(704) 621-0190
Listed By:
Patrick Register · License #233487
Source:
Crexi
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 18 at 7:24PM
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 Coldwell Banker Commercial Realty
Investment Insights
Based on property information with market context.
The property is a 16,000 SF heavy industrial metal warehouse on 1.74 acres. The building offers 18-foot peak and 15-foot edge clear heights, with metal roofing. Loading is supported by two dock doors and three 14-foot by 14-foot grade-level drive-in doors, providing multiple options for receiving and shipping. Interior support includes two bathrooms. For operational flexibility, the site is set up for outdoor storage and parking capable of accommodating more than 20 tractors and trailers with unobstructed access.
The warehouse is located in northeast Charlotte at 3251 Robinson Circle. Access to major routes is supported by proximity to both I-85 and I-77, each approximately 2.0 miles away, with Uptown about 3.0 miles from the site.
This facility is well suited for an owner-user who values heavy industrial space and straightforward loading with both dock and drive-in capabilities, along with on-site outdoor storage for trucks and trailers. The property is currently occupied by a tenant paying below market rent, with a lease in place through December 31, 2026, which may be relevant for buyers evaluating continuity of income while planning for an eventual transition.
The warehouse is located in northeast Charlotte at 3251 Robinson Circle. Access to major routes is supported by proximity to both I-85 and I-77, each approximately 2.0 miles away, with Uptown about 3.0 miles from the site.
This facility is well suited for an owner-user who values heavy industrial space and straightforward loading with both dock and drive-in capabilities, along with on-site outdoor storage for trucks and trailers. The property is currently occupied by a tenant paying below market rent, with a lease in place through December 31, 2026, which may be relevant for buyers evaluating continuity of income while planning for an eventual transition.
Key Highlights
- 16,000 SF heavy industrial metal building on 1.74 acres in northeast Charlotte (ML‑2)
- 18 FT peak and 15 FT edge clear height for warehouse/storage use
- Two dock doors plus three 14 FT x 14 FT grade‑level drive‑in doors
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
$198,370
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
5.67%
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%
$3,967,400
$4.0M
Cap Rate 7%
$2,833,857
$2.8M
Cap Rate 9%
$2,204,111
$2.2M
Market Conditions
NOI Build-Up for 16,000 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
$249.6K $15.60/SF
− Vacancy
−$16.2K −$1.01/SF
EGI
$233.4K $14.59/SF
− OpEx
−$35.0K −$2.19/SF
NOI
$198.4K $12.40/SF
Area
Charlotte, NC
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$3,967,400
Cap Rate 7%
$2,833,857
Cap Rate 9%
$2,204,111
Alternative Uses
Best Use
Warehouse
$2.83M
$2.48M – $3.31M
NOI $198,370 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.33M
$4.66M – $6.22M
NOI $372,962 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28206, NC
14,053
Population
7,094
Households
2
Avg Household Size
33
Median Age
32%
College-Educated
83%
High-School Grad
7.0 sq mi
ZIP Area
2,008
Density / Sq Mi
$51,456
Median Household Income
$42,186
Median Earnings
$1,225
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Industrial in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Metal heavy industrial building with dock and drive-in access, suited for owner-users needing practical outdoor storage.
Where is this warehouse located?
The property is located at 3251 Robinson Circle Charlotte, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 16,000 SF heavy industrial metal building on 1.74 acres in northeast Charlotte (ML‑2); 18 FT peak and 15 FT edge clear height for warehouse/storage use; Two dock doors plus three 14 FT x 14 FT grade‑level drive‑in doors
