Building Details

Year built 1983

Building materials Metal Siding

Listing Agency: Total Performance Realty LLC

Listed By: Lisa Lynn Kicak · License #308407 Show Phone

Added: May 19 Changed: Oct 9 Last Checked: Oct 11 at 7:06AM

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MLS# 10168684

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.

Investment Insights

Based on property information with market context.

Two freestanding buildings provide a combined 17,992 SF of industrial and flex space. The primary metal-sided building, constructed in 1983, contains 13,992 SF and has open-span space, two roll-up loading docks, and steel-frame ceilings measuring ~12'-14' clear and 14'-16' to the deck. A second masonry building adds ~4,000 SF across two levels, with two oversized grade-level drive-in bays, a dedicated loading dock, attached office and support space, and a walk-out lower level with exterior access.

The property is zoned C-2 and has heavy 3-phase power, city water and sewer, and natural gas service. Interstate 40 is 15 miles away, with access to Hickory, Gastonia, and the Charlotte Metro market. The sale includes parcel #364716736165.

Key Highlights

• Two buildings total 17,992 SF: a 13,992 SF primary facility and a ~4,000 SF secondary building
• Primary building has 2 roll‑up loading docks and ~12'-14' clear ceilings (14'-16' to deck)
• Secondary building includes 2 oversized grade‑level drive‑in bays and 1 dedicated loading dock

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$142,577

Cap Rate

8.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,851,540 $2.9M

Cap Rate 7%

$2,036,814 $2.0M

Cap Rate 9%

$1,584,189 $1.6M

Market Conditions

NOI Build-Up for 13,992 SF

Gross rent

$238.4K $17.04/SF

− Vacancy

−$19.1K −$1.36/SF

EGI

$219.3K $15.68/SF

− OpEx

−$76.8K −$5.49/SF

NOI

$142.6K $10.19/SF

Area

Catawba County, NC

Vacancy

8.00%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,851,540

Cap Rate 7%

$2,036,814

Cap Rate 9%

$1,584,189

Alternative Uses

Best Use

Flex RnD

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,577 @ 7.0% cap · market cap 8.15%

Second Best

Warehouse

$1.27M

$1.11M – $1.49M (±1% cap)

NOI $89,119 @ 7.0% cap · market cap 5.09%

Theoretical Best

Office A

$4.09M

$3.58M – $4.77M (±1% cap)

NOI $286,108 @ 7.0% cap · market cap 16.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Jelliff Corporation./LGM Division Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Dental Office Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Dock-high doors

2

Drive-in doors

Yes

Heavy power

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 28650, NC

12,982

Population

5,390

Households

2.4

Avg Household Size

43

Median Age

19%

College-Educated

89%

High-School Grad

48.6 sq mi

ZIP Area

267

Density / Sq Mi

$71,784

Median Household Income

$46,810

Median Earnings

$793

Median Rent

$209,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Two separate buildings offer open-span interiors, connected city utilities, and C-2 zoning.

Where is this flex space located?

The property is located at 4292 Providence Mill Road Maiden, NC.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Two buildings total 17,992 SF: a 13,992 SF primary facility and a ~4,000 SF secondary building; Primary building has 2 roll‑up loading docks and ~12'-14' clear ceilings (14'-16' to deck); Secondary building includes 2 oversized grade‑level drive‑in bays and 1 dedicated loading dock