Industrial Flex Warehouse with
For Sale
Contact for pricing
4826 E FRK LN, Monroe, NC 28110
Industrial flex property with combined warehouse and office space on roughly 0.91 acres.
Property Size6,000 SF
Lot Size0.91 Acres
Price / SF$233.33
Days on Market123
Property Features for 4826 E FRK LN
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.91 Acres
Property subtype
Industrial, Mixed Use
Zoning
LI
Additional Details
Highway Access
Yes
Building Details
Year Built
1995
Buildings
1
Stories
1
Units
1
Listing Agency:
Century 21 Triangle Group - Flanagan CRE Team
Listed By:
Pat Flanagan · License #295126
(919) 302-3298
Source:
Crexi
Added: May 6
Changed: Sep 3
Last Checked: Sep 3 at 1:22AM
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 Century 21 Triangle Group - Flanagan CRE Team
Investment Insights
Based on property information with market context.
This industrial flex property offers a combination of warehouse and office space, providing a setup that can support a range of operational needs. The site includes approximately 6,000 SF total and is situated on roughly 0.91 acres.
Located at 4826 E Fork Ln in Monroe, NC, the property is positioned near Old Charlotte Highway and major transportation corridors, supporting convenient access to Monroe, Indian Trail, Matthews, and the greater Charlotte market. It also sits within an established industrial/business park environment surrounded by industrial and commercial users.
The layout is particularly suited for users seeking on-site office support alongside warehouse work space, including owner-users and contractors, as well as service companies, distribution, storage, and light manufacturing.
Located at 4826 E Fork Ln in Monroe, NC, the property is positioned near Old Charlotte Highway and major transportation corridors, supporting convenient access to Monroe, Indian Trail, Matthews, and the greater Charlotte market. It also sits within an established industrial/business park environment surrounded by industrial and commercial users.
The layout is particularly suited for users seeking on-site office support alongside warehouse work space, including owner-users and contractors, as well as service companies, distribution, storage, and light manufacturing.
Key Highlights
- Industrial flex property built in 1995 with approximately 6,000 SF of warehouse and office space
- Located on roughly 0.91 acres in an established industrial/business park setting
- Suitable for owner‑users and businesses including contractors, service companies, distribution, storage, and light manufacturing
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
$69,507
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
4.96%
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%
$1,390,140
$1.4M
Cap Rate 7%
$992,957
$993.0K
Cap Rate 9%
$772,300
$772.3K
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
$113.8K $18.96/SF
− Vacancy
−$6.8K −$1.14/SF
EGI
$106.9K $17.82/SF
− OpEx
−$37.4K −$6.24/SF
NOI
$69.5K $11.58/SF
Area
Union County, NC
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,390,140
Cap Rate 7%
$992,957
Cap Rate 9%
$772,300
Alternative Uses
Best Use
Flex RnD
$993.0K
$868.8K – $1.16M
NOI $69,507 @ 7.0% cap · market cap 4.96%
Second Best
Warehouse
$622.9K
$545.1K – $726.8K
NOI $43,605 @ 7.0% cap · market cap 3.11%
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
Lease Details
Yes
Highway access
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with combined warehouse and office space on roughly 0.91 acres.
Where is this flex space located?
The property is located at 4826 E FRK LN 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: Industrial flex property built in 1995 with approximately 6,000 SF of warehouse and office space; Located on roughly 0.91 acres in an established industrial/business park setting; Suitable for owner‑users and businesses including contractors, service companies, distribution, storage, and light manufacturing
