M-1 Flex Space with
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 Market51
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: Oct 31
Last Checked: Oct 30 at 3:07PM
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
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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 / Yr
$20,445
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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
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Market
Vacancy Rate% for Industrial in South region
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
