Leased Industrial
50 Deerlake Road Brevard, NC 28712
50 Deerlake Road, Brevard, NC, 28712
$1,490,000
Pending
For Sale
$1,490,000
Pending
Built in 2019, this fully leased warehouse includes HVAC and 30+ parking spaces.
Property Size7,500 SF
Days on Market79
Property Features for 50 Deerlake Road
General Information
- Standard status
- Pending
- Size
- 7,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2019
Listing agency
PULLIAM PROPERTIES, INC
(828) 684-4344
Listed by
PAUL ELLIS · License #246015
Source
Corcoran
Added: May 5 Updated: Jul 21 at 10:44PM Checked: Jul 21 at 10:44PM
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 PULLIAM PROPERTIES, INC
Investment Insights
Based on property information with market context.
This fully leased industrial warehouse was built in 2019 and is currently occupied under a 5-year lease that began 10/1/2023. The building includes HVAC and is offered with 7,500 square feet.
The property is located on Deerlake Road in Brevard, near a mix of retail including CVS, Ingles, and Aldi, supporting convenient access for employees and visitors.
With 30+ parking spaces on site, the facility is configured to accommodate day-to-day operations and tenant parking needs.
The property is located on Deerlake Road in Brevard, near a mix of retail including CVS, Ingles, and Aldi, supporting convenient access for employees and visitors.
With 30+ parking spaces on site, the facility is configured to accommodate day-to-day operations and tenant parking needs.
Key Highlights
- Built in 2019 warehouse with HVAC
- Fully leased property with 5‑year lease starting 10/1/2023
- Tenant: City Electric Supply Company
Local 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 | $67.5k | $9.00 |
| − Vacancy | −$4.2k | −$0.56 |
| EGI | $63.3k | $8.44 |
| − OpEx | −$9.5k | −$1.27 |
| NOI | $53.8k | $7.18 |
7,500 SF · lease $9.00/SF/yr · vacancy 6.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$768.8K
$672.7K – $897.0K
NOI $53,818 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$633.2K
$554.0K – $738.7K
NOI $44,321 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,620 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
City Electric Supply ...
Building Supply
Similar For Sale Nearby
Similar Off Market Nearby
- AllMoves — 174 Whitmire St, Brevard, NC 28712
- Transylvania Shares — 281 Whitmire St, Brevard, NC 28712
FAQs
What type of property is this?
Warehouse - Built in 2019, this fully leased warehouse includes HVAC and 30+ parking spaces.
Where is this warehouse located?
The property is located at 50 Deerlake Road Brevard, NC.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Built in 2019 warehouse with HVAC; Fully leased property with 5‑year lease starting 10/1/2023; Tenant: City Electric Supply Company
