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: Aug 26 Last Checked: Sep 26 at 12:06PM

Report an Issue

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.

This flex property includes two standalone buildings with approximately 17,992 SF combined. The primary facility contains approximately 13,992 SF configured for light manufacturing, warehouse, and flex uses, with open-span interiors, heavy 3-phase power, two roll-up loading docks, and clear heights of approximately 12 to 14 feet at the steel frame and 14 to 16 feet to the deck. A secondary masonry building adds approximately 4,000 SF across two levels, including an upper shop, attached brick office and support areas, two oversized grade-level drive-in bays, and a dedicated loading dock. The lower level has separate exterior ground access.

The property is served by city water, city sewer, and natural gas. C-2 General Commercial zoning supports flexible light industrial and commercial applications. Located in Maiden, NC, the facility is approximately 15 miles from Interstate 40, with access toward Hickory, Gastonia, and the Charlotte metro area.

Key Highlights

• Approximately 17,992 SF across two standalone flex and industrial buildings
• Primary building offers approximately 13,992 SF with two roll‑up loading docks
• Secondary building contains approximately 4,000 SF across two levels

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

$142,577

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

8.15%

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%

$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 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

$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 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%

$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

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

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?

Similar For Sale Nearby

Manufacturing Facility with Additional Building

4312 Providence Mill Rd, Maiden, NC 28650

$1,750,000

13,992 SF

View details

Downtown Maiden Commercial Building For Sale

28 E Main St, Maiden, NC 28650

$324,500

1,560 SF

View details

M-1 Flex Space with Warehouse

430 S Main Avenue, Maiden, NC 28650

$350,000

3,210 SF

View details

Rebuilt Downtown Storefront

28 E Main Street, Maiden, NC 28650

$324,500

0.09 Acres

View details

Turnkey 18-Lot Mobile Home Park

1955 W MAIDEN RD, Maiden, NC 28650

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Flex space - Two standalone buildings provide adaptable space for light manufacturing, warehousing, assembly, distribution, and related commercial operations.

Where is this flex space located?

The property is located at 4312 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: Approximately 17,992 SF across two standalone flex and industrial buildings; Primary building offers approximately 13,992 SF with two roll‑up loading docks; Secondary building contains approximately 4,000 SF across two levels