Industrial Flex
New
For Sale
$1,400,000
4826 E Fork Lane, Monroe, NC 28110
Commercial Sale, Monroe, NC
Property Size6,000 SF
Lot Size0.90 Acres
Price / SF$233.33
Days on Market2
Property Features for 4826 E Fork Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
AR3
Zoning description
AR3
Directions
Follow Chamber Dr to your destination 2 min (0.6 m) Turn right onto Chamber Dr 0.6 mi Turn right onto E Fork Ln 217 ft Turn left Destination will be on the right
Standard status
Active
APN
07-048-017-E
Lot size
0.90 Acres
Taxes and HOA fees
Tax Description
#23 INDUSTRIAL VENTURES PH5 OPCD955
Legal Description
#23 INDUSTRIAL VENTURES PH5 OPCD955
Building Details
Year built
1995
Floors in Building
1
Listing Agency:
Century 21 Providence Realty · Century 21 Real Estate
(704) 847-2144
Listed By:
Pat Flanagan
(704) 916-9552
Added: Sep 4
Last Checked: Sep 5 at 12:06AM
MLS# 4421968
Copyright © 2026 Canopy 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.
Located at 4826 E Fork Lane in Monroe, this industrial flex property contains approximately 6,000 SF of combined warehouse and office space. Built in 1995, the property is zoned AR3 and supports a range of commercial functions, including contractor operations, service businesses, distribution, storage, light manufacturing, and owner-user occupancy.
The property sits within an established industrial and business park environment with surrounding industrial and commercial users. Its position near Old Charlotte Highway provides access to Monroe, Indian Trail, Matthews, and the greater Charlotte market. The property is also presented as suitable for investment use.
The property sits within an established industrial and business park environment with surrounding industrial and commercial users. Its position near Old Charlotte Highway provides access to Monroe, Indian Trail, Matthews, and the greater Charlotte market. The property is also presented as suitable for investment use.
Key Highlights
- Approximately 6,000 SF of combined warehouse and office space
- Built in 1995
- AR3 zoning
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
$93,627
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
6.69%
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%
$1,872,540
$1.9M
Cap Rate 7%
$1,337,529
$1.3M
Cap Rate 9%
$1,040,300
$1.0M
Market Conditions
NOI Build-Up for 6,000 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
$156.2K $26.04/SF
− Vacancy
−$31.4K −$5.23/SF
EGI
$124.8K $20.81/SF
− OpEx
−$31.2K −$5.20/SF
NOI
$93.6K $15.60/SF
Area
Union County, NC
Vacancy
20.10%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,872,540
Cap Rate 7%
$1,337,529
Cap Rate 9%
$1,040,300
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,627 @ 7.0% cap · market cap 6.69%
Second Best
Flex RnD
$993.0K
$868.8K – $1.16M
NOI $69,507 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,730 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28110, NC
53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
Median Home Value
Market
Vacancy Rate% for Office 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 - Flex configuration combines warehouse and office areas within an established industrial and business park setting.
Where is this flex space located?
The property is located at 4826 E Fork Lane Monroe, NC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 6,000 SF of combined warehouse and office space; Built in 1995; AR3 zoning
