Heavy Industrial Metal Building with
For Sale
$3,500,000
Pending
3251 Robinson Circle, Charlotte, NC 28206
Commercial Sale, Charlotte, NC
Property Size16,000 SF
Lot Size1.74 Acres
Days on Market134
Property Features for 3251 Robinson Circle
General Information
Property type
Residential
Property subtype
Office
Zoning
ML-2
Zoning description
Heavy Industrial
Fencing
Fenced
Lot features
Corner Lot
Standard status
Pending
APN
08506131
Size
16,000 SF
Lot size
1.74 Acres
Taxes and HOA fees
Tax Description
P1 M24-286
Legal Description
P1 M24-286
Utilities
Sewer type
Public Sewer
Building Details
Year built
1991
Floors in Building
1
Number of units
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(704) 541-5111
Listed By:
Patrick Register · License #233487
(704) 621-0190
Added: Apr 10
Changed: Aug 19
Last Checked: Aug 21 at 3:06PM
MLS# 4368010
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A heavy industrial (ML-2) metal building totaling approximately 16,000 SF on 1.74 acres. The clear height measures 18 feet at peak and 15 feet at the edge. The facility includes two dock doors and three 14-foot by 14-foot grade-level drive-in doors. Interior improvements include two bathrooms, with metal roofing throughout. The property also supports outdoor storage and parking, including a large fenced outdoor storage area designed to accommodate more than 20 tractors and trailers with unobstructed access.
Located in northeast Charlotte at 3251 Robinson Circle (28206), the site provides practical connectivity with approximately 2.0 miles to I-85 and 2.0 miles to I-77, and roughly 3.0 miles to Uptown.
This property can work well for an owner-user needing dock and drive-in loading along with substantial yard space for equipment and trailer staging. It is also currently occupied by a tenant paying below market rent, with a lease in place through December 31, 2026, which may be a consideration for buyers evaluating near-term occupancy and transition timing.
Located in northeast Charlotte at 3251 Robinson Circle (28206), the site provides practical connectivity with approximately 2.0 miles to I-85 and 2.0 miles to I-77, and roughly 3.0 miles to Uptown.
This property can work well for an owner-user needing dock and drive-in loading along with substantial yard space for equipment and trailer staging. It is also currently occupied by a tenant paying below market rent, with a lease in place through December 31, 2026, which may be a consideration for buyers evaluating near-term occupancy and transition timing.
Key Highlights
- Heavy Industrial (ML‑2) zoning suitable for a wide range of industrial uses.
- Large, fenced outdoor storage area capable of accommodating +20 tractors and trailers with unobstructed access.
- Excellent location: 2.0 miles to I‑85, 2.0 miles to I‑77, 3.0 miles to Uptown Charlotte.
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
Industrial
$2.33M
$2.04M – $2.72M
NOI $163,363 @ 7.0% cap · market cap 4.67%
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
18 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - ML-2 industrial metal building with multiple dock and drive-in doors plus fenced outdoor storage for tractors and trailers.
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: Heavy Industrial (ML‑2) zoning suitable for a wide range of industrial uses.; Large, fenced outdoor storage area capable of accommodating +20 tractors and trailers with unobstructed access.; Excellent location: 2.0 miles to I‑85, 2.0 miles to I‑77, 3.0 miles to Uptown Charlotte.
