Flex Space with Drive-In
For Sale
Contact for pricing
465 Forum Pkwy, Rural Hall, NC 27045
Well-located in Forum 52 Business Park with a fully conditioned warehouse, finished office space, and a 10’x12’ drive-in door.
Property Size9,800 SF
Price / SF$127.55
Days on Market236
Property Features for 465 Forum Pkwy
General Information
Standard status
Active
Size
9,800 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
14.6 ft
Warehouse Space
6,300 SF
Office Build-Out
3,500 SF
Drive-In Doors
1
Column Spacing
30 ft
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Freeman Commercial Real Estate
(336) 816-3993
Listed By:
Jay Luke
(336) 816-3993
Source:
Moodyscre
Added: Dec 8, 2025
Changed: Jul 29
Last Checked: Jul 31 at 7:32AM
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 Freeman Commercial Real Estate
Investment Insights
Based on property information with market context.
Flex space available within Forum 52 Business Park, designed for an office-and-warehouse operation. The space totals 9,800 +/- SF and includes 3,500 SF of finished office and 6,300 SF of conditioned warehouse. The warehouse is fully conditioned and features a 10’x12’ drive-in door.
Warehouse clear height ranges from 14’7” to 10’ (to 10’), with 30’ column spacing to support a flexible layout. The space includes two restrooms, and the office area has an interior ceiling height of 9’5”.
The subject site is described as having easy access to the new Northern Beltway, supporting convenient connectivity for day-to-day operations.
Warehouse clear height ranges from 14’7” to 10’ (to 10’), with 30’ column spacing to support a flexible layout. The space includes two restrooms, and the office area has an interior ceiling height of 9’5”.
The subject site is described as having easy access to the new Northern Beltway, supporting convenient connectivity for day-to-day operations.
Key Highlights
- 9,800 +/- SF total flex space in Forum 52 Business Park
- 3,500 SF finished office and 6,300 SF conditioned warehouse
- Fully conditioned warehouse with a 10’x12’ drive‑in door
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.8k | $8.04 |
| − Vacancy | −$4.8k | −$0.49 |
| EGI | $74.0k | $7.55 |
| − OpEx | −$11.1k | −$1.13 |
| NOI | $62.9k | $6.42 |
9,800 SF · lease $8.04/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,398 @ 7.0% cap · market cap 9.31%
Second Best
Warehouse
$898.4K
$786.1K – $1.05M
NOI $62,888 @ 7.0% cap · market cap 5.03%
Theoretical Best
Specialty Retail
$2.53M
$2.22M – $2.95M
NOI $177,218 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
132
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-located in Forum 52 Business Park with a fully conditioned warehouse, finished office space, and a 10’x12’ drive-in door.
Where is this flex space located?
The property is located at 465 Forum Pkwy Rural Hall, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 9,800 +/- SF total flex space in Forum 52 Business Park; 3,500 SF finished office and 6,300 SF conditioned warehouse; Fully conditioned warehouse with a 10’x12’ drive‑in door
