Industrial Flex Warehouse
For Sale
$1,750,000
4312 Providence Mill Road, Maiden, NC 28650
COMMERCIAL - Maiden, NC
Property Size13,992 SF
Lot Size2.53 Acres
Price / SF$125.07
Days on Market94
Property Features for 4312 Providence Mill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Standard status
Active
APN
364716736165
Size
13,992 SF
Lot size
2.53 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
007 K 04005C Township: CALDWELL State Road #: 1810
Tax Annual Amount
3243
Legal Description
007 K 04005C Township: CALDWELL State Road #: 1810
Building Details
Year built
1983
Building materials
Metal Siding
Listing Agency:
Total Performance Realty LLC
(919) 478-2873
Listed By:
Lisa Lynn Kicak · License #308407
(919) 478-2873
Added: May 19
Changed: Aug 4
Last Checked: Aug 20 at 11:06PM
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 property for sale includes two industrial buildings totaling nearly 18,000 square feet. The primary facility is approximately 13,992 square feet and was previously used for manufacturing spark plug wires, with space that may support light industrial operations, assembly, fabrication, warehousing, or flex-space conversion. A secondary building of approximately 4,000 square feet adds production, storage, office, or support space.
The site is zoned C-2 Commercial and is located in Catawba County near Maiden. It is approximately 15 miles from Interstate 40, providing regional access to transportation routes in western and central North Carolina.
The property will be sold with parcel # 364716736165.
The site is zoned C-2 Commercial and is located in Catawba County near Maiden. It is approximately 15 miles from Interstate 40, providing regional access to transportation routes in western and central North Carolina.
The property will be sold with parcel # 364716736165.
Key Highlights
- Excellent regional access: Located 15 miles from Interstate 40.
- Versatile C‑2 Commercial zoning: Suitable for various business types.
- Two industrial buildings totaling nearly 18,000 square feet: Including a primary 13,992 sq ft facility.
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
NOI $142,577 @ 7.0% cap · market cap 8.15%
Second Best
Warehouse
$1.27M
$1.11M – $1.49M
NOI $89,119 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,108 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two industrial buildings totaling nearly 18,000 square feet offer flex and light industrial space in C-2 zoning.
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: Excellent regional access: Located 15 miles from Interstate 40.; Versatile C‑2 Commercial zoning: Suitable for various business types.; Two industrial buildings totaling nearly 18,000 square feet: Including a primary 13,992 sq ft facility.
