M-1 Flex Space with
New
For Sale
$350,000
430 S Main Avenue, Maiden, NC 28650
The building combines office areas, warehouse space, and industrial-grade electrical service.
Property Size3,210 SF
Price / SF$109.03
Days on Market6
Property Features for 430 S Main Avenue
General Information
Standard status
Active
Size
3,210 SF
Property subtype
Commercial
Zoning
M-1
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Three-Phase Power
Yes
Amenities
generator hookup
security cameras
Central air
Attached Garage
Metal Roof
Concrete Flooring
Ductless Cooling
Ductless Heating
Flood Plain/Bottom Land
Heat Pump Cooling
Heat Pump Heating
Natural Gas Heating
Parking Lot
Tile Flooring
Vinyl Flooring
Wood Stove Heating
Building Details
Year Built
1990
Buildings
1
Building Size
3,210 SF
Listing Agency:
LAWING REAL ESTATE
(828) 320-4796
Listed By:
NEALIE SUTHERLAND
(828) 455-1920
Source:
Corcoran
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 15 at 7:06AM
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 LAWING REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 1990, this 3,210-square-foot flex property at 430 S Main Avenue combines dedicated office space with warehouse functionality. Two roll-up garage doors serve the building, including one opening to warehouse space with 14-foot ceilings. Three full bathrooms provide additional support for business operations.
The property carries M-1 zoning and includes 3-phase electrical power throughout. A generator hookup serves a portion of the building, while interior and exterior security cameras are installed across the site. The property is located within a floodplain.
The property carries M-1 zoning and includes 3-phase electrical power throughout. A generator hookup serves a portion of the building, while interior and exterior security cameras are installed across the site. The property is located within a floodplain.
Key Highlights
- 3,210‑square‑foot flex building with dedicated office space and warehouse areas
- Two roll‑up garage doors, including access to warehouse space with 14‑foot ceilings
- M‑1 zoning supports a range of commercial and industrial uses
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
$20,445
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
5.84%
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%
$408,900
$408.9K
Cap Rate 7%
$292,071
$292.1K
Cap Rate 9%
$227,167
$227.2K
Market Conditions
NOI Build-Up for 3,210 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
$25.8K $8.04/SF
− Vacancy
−$1.8K −$0.55/SF
EGI
$24.1K $7.49/SF
− OpEx
−$3.6K −$1.12/SF
NOI
$20.4K $6.37/SF
Area
Catawba County, NC
Vacancy
6.80%
Lease Rate
$8.04 /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%
$408,900
Cap Rate 7%
$292,071
Cap Rate 9%
$227,167
Alternative Uses
Best Use
Flex RnD
$467.3K
$408.9K – $545.2K
NOI $32,710 @ 7.0% cap · market cap 9.35%
Second Best
Warehouse
$292.1K
$255.6K – $340.8K
NOI $20,445 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$937.7K
$820.5K – $1.09M
NOI $65,638 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
155
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
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 - The building combines office areas, warehouse space, and industrial-grade electrical service.
Where is this flex space located?
The property is located at 430 S Main Avenue Maiden, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,210‑square‑foot flex building with dedicated office space and warehouse areas; Two roll‑up garage doors, including access to warehouse space with 14‑foot ceilings; M‑1 zoning supports a range of commercial and industrial uses
