Randleman Industrial Facility For
For Sale
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4524 Tigers Den Rd, Randleman, NC 27317
85,680 SF industrial facility near I-74 and I-85.
Property Size85,680 SF
Price / SF$46.63
Days on Market211
Property Features for 4524 Tigers Den Rd
General Information
Standard status
Active
Size
85,680 SF
Class
B
Property subtype
Industrial
Zoning
I1- Industrial
Building Details
Year Built
1996
Buildings
1
Stories
1
Listing Agency:
Lindsay Real Estate Holdings
(336) 878-5171
Listed By:
Mark Lindsay · License #NC 252010
Source:
Crexi
Added: Jan 21
Changed: Aug 7
Last Checked: Aug 20 at 4:35AM
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 Lindsay Real Estate Holdings
Investment Insights
Based on property information with market context.
This immaculate industrial facility, totaling 85,680 square feet, is located in Randleman, North Carolina, offering close proximity to I-74 and I-85. The property includes approximately 3,500 square feet of renovated office space. The warehouse area is divided by firewalls into three sections. Section 1 comprises approximately 26,000 square feet, is fully conditioned, and features ceiling heights ranging from 15.5 to 20.5 feet, along with two dock doors. Section 2 offers approximately 30,000 square feet, is fully conditioned, and includes ceiling heights from 13.5 to 20.5 feet, with five dock doors. Section 3 provides approximately 30,000 square feet, is heated, and features five dock doors and two drive-in doors, as well as two bathrooms. The facility is exceptionally clean and well-maintained.
Key Highlights
- Immaculate 85,680 SF industrial facility.
- Proximity to I‑74 and I‑85.
- Divided warehouse space with three sections (26,000 SF, 30,000 SF, 30,000 SF).
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
$341,284
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
8.54%
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%
$6,825,680
$6.8M
Cap Rate 7%
$4,875,486
$4.9M
Cap Rate 9%
$3,792,044
$3.8M
Market Conditions
NOI Build-Up for 85,680 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
$519.2K $6.06/SF
− Vacancy
−$31.7K −$0.37/SF
EGI
$487.5K $5.69/SF
− OpEx
−$146.3K −$1.71/SF
NOI
$341.3K $3.98/SF
Area
Randolph County, NC
Vacancy
6.10%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
30.00%
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%
$6,825,680
Cap Rate 7%
$4,875,486
Cap Rate 9%
$3,792,044
Alternative Uses
Best Use
Office B
$22.05M
$19.29M – $25.72M
NOI $1,543,374 @ 7.0% cap · market cap 38.63%
Second Best
Warehouse
$5.92M
$5.18M – $6.91M
NOI $414,416 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$29.47M
$25.79M – $34.39M
NOI $2,063,131 @ 7.0% cap · market cap 51.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27317, NC
17,563
Population
7,276
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
54.1 sq mi
ZIP Area
325
Density / Sq Mi
$57,266
Median Household Income
$34,578
Median Earnings
$793
Median Rent
$170,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 85,680 SF industrial facility near I-74 and I-85.
Where is this warehouse located?
The property is located at 4524 Tigers Den Rd Randleman, NC.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Immaculate 85,680 SF industrial facility.; Proximity to I‑74 and I‑85.; Divided warehouse space with three sections (26,000 SF, 30,000 SF, 30,000 SF).
