Building Details

Year Built 1986

Buildings 1

Stories 1

Units 1

Listing Agency: Kent Hunter Realty

Listed By: Kent Hunter · License #NC 268274 Show Phone

Source: Crexi

Added: Aug 17 Changed: Oct 25 Last Checked: Oct 28 at 8:34AM

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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 Kent Hunter Realty

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Investment Insights

Based on property information with market context.

This 3,050-square-foot flex property combines office and warehouse space with a secure, fenced equipment yard. The configuration provides both enclosed commercial area and dedicated outdoor storage within the same site, supporting a range of operational requirements.

The property is located at 455 Forum Pkwy in Rural Hall, North Carolina. Access is provided through a connector street linking directly with University Parkway and the I-74 Connector, placing the site within the Piedmont Triad corridor.

Key Highlights

• 3,050‑square‑foot flex property with office and warehouse areas
• Secure, fenced equipment yard for outdoor storage
• Connector street provides direct links to University Parkway and the I‑74 Connector

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,226

Cap Rate

7.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$724,520 $724.5K

Cap Rate 7%

$517,514 $517.5K

Cap Rate 9%

$402,511 $402.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,050 SF

Gross rent

$60.8K $19.92/SF

− Vacancy

−$12.5K −$4.08/SF

EGI

$48.3K $15.84/SF

− OpEx

−$12.1K −$3.96/SF

NOI

$36.2K $11.88/SF

Area

Forsyth County, NC

Vacancy

20.50%

Lease Rate

$19.92 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$724,520

Cap Rate 7%

$517,514

Cap Rate 9%

$402,511

Alternative Uses

Best Use

Office B

$517.5K

$452.8K – $603.8K (±1% cap)

NOI $36,226 @ 7.0% cap · market cap 7.27%

Second Best

Warehouse

$279.6K

$244.7K – $326.2K (±1% cap)

NOI $19,572 @ 7.0% cap · market cap 3.93%

Theoretical Best

Specialty Retail

$787.9K

$689.4K – $919.3K (±1% cap)

NOI $55,155 @ 7.0% cap · market cap 11.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Dental Office Hair Salon Auto Parts Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 27045, NC

9,548

Population

4,632

Households

2.1

Avg Household Size

42

Median Age

26%

College-Educated

92%

High-School Grad

23.4 sq mi

ZIP Area

408

Density / Sq Mi

$70,345

Median Household Income

$43,362

Median Earnings

$1,077

Median Rent

$181,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Flex Space with Drive-In Door

465 Forum Pkwy, Rural Hall, NC 27045

Contact for pricing

9,800 SF

View details

Retail Property in Rural Hall

8160 Depot Street, Rural Hall, NC 27045

$100,000

View details

Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas pair with secure outdoor equipment storage and connections to University Parkway and the I-74 Connector.

Where is this flex space located?

The property is located at 455 FORUM PKWY Rural Hall, NC.

What is the asking price?

The asking price for this property is $498,500.

What are key features of this property?

This property features: 3,050‑square‑foot flex property with office and warehouse areas; Secure, fenced equipment yard for outdoor storage; Connector street provides direct links to University Parkway and the I‑74 Connector