Office and Industrial Buildings For
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410 Oakland Dr, Lowell, NC 28098
Office and industrial buildings with outdoor storage potential.
Property Size17,600 SF
Price / SF$105.11
Days on Market387
Property Features for 410 Oakland Dr
General Information
Standard status
Active
Size
17,600 SF
Property subtype
Industrial
Zoning
IND
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$164,400
Building Details
Year Built
1985
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
MECA Commercial Real Estate
(704) 971-2000
Listed By:
james rice · License #NC 348991
Source:
Crexi
Added: Aug 4, 2025
Changed: Aug 8
Last Checked: Aug 24 at 7:54AM
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 MECA Commercial Real Estate
Investment Insights
Based on property information with market context.
This property features a 1,500-square-foot office building with ample parking and a 17,600-square-foot industrial building. There is an opportunity for outdoor storage in a fenced lot on an adjacent parcel. Leases range from 3 to 5 years.
Key Highlights
- Two buildings included: 1,500 SF office building and 17,600 SF industrial building.
- Opportunity for outdoor storage on adjacent fenced lot.
- Ample parking available.
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
$127,908
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
6.91%
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%
$2,558,160
$2.6M
Cap Rate 7%
$1,827,257
$1.8M
Cap Rate 9%
$1,421,200
$1.4M
Market Conditions
NOI Build-Up for 17,600 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
$158.4K $9.00/SF
− Vacancy
−$7.9K −$0.45/SF
EGI
$150.5K $8.55/SF
− OpEx
−$22.6K −$1.28/SF
NOI
$127.9K $7.27/SF
Area
Gaston 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 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%
$2,558,160
Cap Rate 7%
$1,827,257
Cap Rate 9%
$1,421,200
Alternative Uses
Best Use
Office B
$4.41M
$3.86M – $5.14M
NOI $308,668 @ 7.0% cap · market cap 16.68%
Second Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,908 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$5.54M
$4.85M – $6.46M
NOI $387,763 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28098, NC
3,868
Population
1,685
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
1,074
Density / Sq Mi
$51,879
Median Household Income
$33,750
Median Earnings
$1,152
Median Rent
$153,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- AAA Mini Storage of Lowell, North Carolina — 510 W 1st St, Lowell, NC 28098
Frequently Asked Questions
What type of property is this?
Warehouse - Office and industrial buildings with outdoor storage potential.
Where is this warehouse located?
The property is located at 410 Oakland Dr Lowell, NC.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two buildings included: **1,500 SF office building and 17,600 SF industrial building.**; Opportunity for outdoor storage on adjacent fenced lot.; Ample parking available.
