Graham Industrial Flex
For Sale
$359,000
420 Shoffner St, Graham, NC 27253
2,000 SF industrial building with flexible space in Graham.
Property Size2,000 SF
Price / SF$179.50
Days on Market141
Property Features for 420 Shoffner St
General Information
Standard status
Active
Size
2,000 SF
Building Details
Year Built
1997
Listing Agency:
Grow Local Realty, LLC
Listed By:
Nicholas S Yarrington · License #238601
(910) 639-4890
Source:
Tcrnc
Added: May 27
Changed: Oct 12
Last Checked: Oct 13 at 12:54AM
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 Grow Local Realty, LLC
Investment Insights
Based on property information with market context.
This 2,000 square foot industrial building offers flexible space suitable for a variety of business uses, storage, workshop operations, or light industrial needs. The property is located in a convenient Graham location with easy access to Highway 70 and downtown Graham, providing accessibility and visibility.
Key Highlights
- Convenient Graham location with easy access to Highway 70 and downtown Graham.
- 2,000 square foot industrial building.**
- Flexible space ideal for various business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,423
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,460
$308.5K
Cap Rate 7%
$220,329
$220.3K
Cap Rate 9%
$171,367
$171.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$26.2K $13.08/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$23.7K $11.86/SF
− OpEx
−$8.3K −$4.15/SF
NOI
$15.4K $7.71/SF
Area
Alamance County, NC
Vacancy
9.30%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,460
Cap Rate 7%
$220,329
Cap Rate 9%
$171,367
Alternative Uses
Best Use
Flex RnD
$220.3K
$192.8K – $257.1K
NOI $15,423 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$112.5K
$98.4K – $131.2K
NOI $7,873 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$659.4K
$577.0K – $769.3K
NOI $46,158 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27253, NC
32,010
Population
14,821
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
88%
High-School Grad
81.9 sq mi
ZIP Area
391
Density / Sq Mi
$62,020
Median Household Income
$39,307
Median Earnings
$975
Median Rent
$212,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 2,000 SF industrial building with flexible space in Graham.
Where is this flex space located?
The property is located at 420 Shoffner St Graham, NC.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Convenient Graham location with easy access to Highway 70 and downtown Graham.; 2,000 square foot industrial building.**; Flexible space ideal for various business uses.
