Flex Building with Concrete
420 Shoffner Street, Graham, NC 27253
For Sale
$339,900
Commercial Sale, Graham, NC
Property Size2,000 SF
Lot Size0.79 Acres
Price / SF$169.95
Days on Market33
Property Features for 420 Shoffner Street
General Information
Property type
Property subtype
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Grow Local Realty, LLC
(919) 830-5233
Listed By:
Nicholas S Yarrington · License NC #238601
(910) 639-4890
Added: Oct 8
Last Checked: Nov 9 at 1:06PM
MLS# 10197418
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property contains 2,000 square feet in a metal-sided building with concrete flooring. Built in 1997, the structure sits on a 0.79-acre lot and is suited to workshop, storage, and light industrial functions.
The property is at 420 Shoffner Street in Graham, North Carolina, with access to Highway 70 and downtown Graham.
The property is at 420 Shoffner Street in Graham, North Carolina, with access to Highway 70 and downtown Graham.
Key Highlights
- 2,000‑square‑foot building on a 0.79‑acre lot
- Metal siding and concrete flooring
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,790
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,800
$315.8K
Cap Rate 7%
$225,571
$225.6K
Cap Rate 9%
$175,444
$175.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$20.2K $10.10/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$18.6K $9.29/SF
− OpEx
−$2.8K −$1.39/SF
NOI
$15.8K $7.89/SF
Area
Alamance County, NC
Vacancy
8.04%
Lease Rate
$10.10 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,800
Cap Rate 7%
$225,571
Cap Rate 9%
$175,444
Alternative Uses
Best Use
Warehouse
$225.6K
$197.4K – $263.2K
NOI $15,790 @ 7.0% cap · market cap 4.65%
Second Best
Flex RnD
$220.3K
$192.8K – $257.1K
NOI $15,423 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$659.4K
$577.0K – $769.3K
NOI $46,158 @ 7.0% cap · market cap 13.58%
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
Lease Details
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A metal-sided building offers practical space for workshop, storage, or light industrial operations.
Where is this flex space located?
The property is located at 420 Shoffner Street Graham, NC.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2,000‑square‑foot building on a 0.79‑acre lot; Metal siding and concrete flooring; Built in 1997
