Multi-Section Industrial
For Sale
Contact for pricing
4524 Tigers Den Rd, Randleman, NC 27317
Immaculate industrial building with connected, fire-walled warehouse sections and up to 5 dock doors.
Property Size85,860 SF
Price / SF$46.53
Days on Market236
Property Features for 4524 Tigers Den Rd
General Information
Standard status
Active
Size
85,860 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
12
Drive-In Doors
2
Additional Details
Highway Access
Yes
Listing Agency:
Lindsay Commercial Properties
(336) 886-1200
Listed By:
Mark Lindsay, CCIM
(336) 692-5612
Source:
Moodyscre
Added: Jan 21
Changed: Sep 2
Last Checked: Sep 13 at 11:39AM
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 Commercial Properties
Investment Insights
Based on property information with market context.
An exceptionally clean and well maintained industrial facility totaling approximately 85,860+/- square feet, with an office area of about 3,500 square feet that has been beautifully renovated. The warehouse space is connected and divided by fire walls into three separate sections, creating flexible configurations. Section 1 includes fully conditioned space with 2 dock doors and ceiling heights ranging from 15.5' to 20.5'. Section 2 is also fully conditioned, with 5 dock doors and ceiling heights from 13.5' to 20.5'. Section 3 is heat-only and includes 5 dock doors, 2 drive-in doors, and 2 bathrooms.
The property is located in close proximity to I-74 and I-85, supporting regional access for logistics and distribution needs.
Overall, the building offers a mix of fully conditioned and heat-only warehouse areas within a single connected footprint, along with multiple loading options through dock and drive-in doors.
The property is located in close proximity to I-74 and I-85, supporting regional access for logistics and distribution needs.
Overall, the building offers a mix of fully conditioned and heat-only warehouse areas within a single connected footprint, along with multiple loading options through dock and drive-in doors.
Key Highlights
- 85,860+/- SF industrial facility in Randleman, NC with connected, fire‑walled warehouse sections
- Up to approx. 3,500 SF renovated office space
- Warehouse Section 1: 26,000+/- SF fully conditioned; 15.5'–20.5' ceilings; 2 dock doors
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
$342,001
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
8.56%
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%
$6,840,020
$6.8M
Cap Rate 7%
$4,885,729
$4.9M
Cap Rate 9%
$3,800,011
$3.8M
Market Conditions
NOI Build-Up for 85,860 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
$520.3K $6.06/SF
− Vacancy
−$31.7K −$0.37/SF
EGI
$488.6K $5.69/SF
− OpEx
−$146.6K −$1.71/SF
NOI
$342.0K $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%
$6,840,020
Cap Rate 7%
$4,885,729
Cap Rate 9%
$3,800,011
Alternative Uses
Best Use
Warehouse
$5.93M
$5.19M – $6.92M
NOI $415,287 @ 7.0% cap · market cap 10.40%
Second Best
Industrial
$4.89M
$4.28M – $5.70M
NOI $342,001 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$29.54M
$25.84M – $34.46M
NOI $2,067,465 @ 7.0% cap · market cap 51.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
12
Dock-high doors
2
Drive-in doors
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Immaculate industrial building with connected, fire-walled warehouse sections and up to 5 dock doors.
Where is this flex space 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: 85,860+/- SF industrial facility in Randleman, NC with connected, fire‑walled warehouse sections; Up to approx. 3,500 SF renovated office space; Warehouse Section 1: 26,000+/- SF fully conditioned; 15.5'–20.5' ceilings; 2 dock doors
