Heated Warehouse with Drive-In
3468 Gribble Rd Matthews, NC 28104
3468 Gribble Rd, Matthews, NC, 28104
Contact for pricing
For Sale
Contact for pricing
Heated warehouse with three drive-in doors, plus a small office with restroom and shower on a mostly cleared, partially fenced site.
Property Size1,800 SF
Lot Size1.05 Acres
Price / SF$386.11
Days on Market128
Property Features for 3468 Gribble Rd
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 1.05 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Bloom Street Commercial Real Estate, LLC
(704) 619-0408
Listed by
Mindy Leonard
(704) 619-0408
Source
Moodyscre
Added: Mar 16 Updated: Jul 21 at 7:44AM Checked: Jul 21 at 7:44AM
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 Bloom Street Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
A heated warehouse property with three drive-in doors and a small office area that includes a restroom and shower. The site is mostly cleared, with approximately half fenced in. The property also includes public water and sewer service and natural gas. Items to remain if desired include an 80-gallon air compressor, a metal shed, and a steel freight container.
The property offers approximately 145 feet of road frontage and is located in Indian Trail, Union County, subject to Indian Trail zoning. It is zoned H-I, Heavy Industrial, with outdoor storage permitted. The location provides access to major routes, with approximately within one mile to Hwy. 74 and about two miles to I-485, and is minutes to Charlotte.
For sale is a Union County parcel ID 07129550.
The property offers approximately 145 feet of road frontage and is located in Indian Trail, Union County, subject to Indian Trail zoning. It is zoned H-I, Heavy Industrial, with outdoor storage permitted. The location provides access to major routes, with approximately within one mile to Hwy. 74 and about two miles to I-485, and is minutes to Charlotte.
For sale is a Union County parcel ID 07129550.
Key Highlights
- 1,800 SF (30' x 60') heated warehouse on 1.05 acres
- Three drive‑in doors and small office area with restroom and shower
- Mostly cleared site with approximately half fenced‑in and 145' of road frontage
Local Financial Insights For Office B
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 | $46.9k | $26.04 |
| − Vacancy | −$4.8k | −$2.66 |
| EGI | $42.1k | $23.38 |
| − OpEx | −$10.5k | −$5.85 |
| NOI | $31.6k | $17.54 |
1,800 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 4.54%
Second Best
Warehouse
$175.1K
$153.2K – $204.3K
NOI $12,255 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$581.6K
$508.9K – $678.6K
NOI $40,714 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trav's Body Shop
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- American Store & Lock — 3815 Matthews-Indian Trail Rd, Matthews, NC 28104
- iProfessionalMovers Co. — 115 Unionville Indian Trail Rd suite b-12, Indian Trail, NC 28079
FAQs
What type of property is this?
Warehouse - Heated warehouse with three drive-in doors, plus a small office with restroom and shower on a mostly cleared, partially fenced site.
Where is this warehouse located?
The property is located at 3468 Gribble Rd Matthews, NC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,800 SF (30' x 60') heated warehouse on 1.05 acres; Three drive‑in doors and small office area with restroom and shower; Mostly cleared site with approximately half fenced‑in and 145' of road frontage
