Flex Building with Loading
508-514 Canterbury Road, Kings Mountain, NC 28086
For Sale
Contact for pricing
A paved parking area and adaptable interior support a range of commercial and industrial configurations, subject to approvals.
Property Size7,889 SF
Lot Size2.90 Acres
Price / SF$133.10
Days on Market15
Property Features for 508-514 Canterbury Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Dock-High Doors
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
One Alliance Companies
Listed By:
Leah Parker · License NC #306809
(704) 618-6234
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 5:57PM
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 One Alliance Companies
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains a 7,889-square-foot building on approximately 2.90 acres. Constructed in 1997, the building has a loading dock, paved parking, and an adaptable layout for commercial or industrial applications, subject to zoning and required approvals.
The property is on Canterbury Road in Kings Mountain, North Carolina, near Interstate 85 and US Highway 74 Business. These routes provide access across the greater Charlotte region and western Carolinas.
The property is on Canterbury Road in Kings Mountain, North Carolina, near Interstate 85 and US Highway 74 Business. These routes provide access across the greater Charlotte region and western Carolinas.
Key Highlights
- 7,889‑square‑foot building on approximately 2.90 acres
- Loading dock and paved parking
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,534
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,430,680
$1.4M
Cap Rate 7%
$1,021,914
$1.0M
Cap Rate 9%
$794,822
$794.8K
Market Conditions
NOI Build-Up for 7,889 SF
Gross rent
$118.3K $15.00/SF
− Vacancy
−$8.3K −$1.05/SF
EGI
$110.1K $13.95/SF
− OpEx
−$38.5K −$4.88/SF
NOI
$71.5K $9.07/SF
Area
Cleveland County, NC
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,430,680
Cap Rate 7%
$1,021,914
Cap Rate 9%
$794,822
Alternative Uses
Best Use
Flex RnD
$1.02M
$894.2K – $1.19M
NOI $71,534 @ 7.0% cap · market cap 6.81%
Second Best
Industrial
$683.7K
$598.3K – $797.7K
NOI $47,862 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,241 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28086, NC
27,641
Population
11,307
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
83%
High-School Grad
90.5 sq mi
ZIP Area
305
Density / Sq Mi
$56,079
Median Household Income
$37,758
Median Earnings
$879
Median Rent
$181,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A paved parking area and adaptable interior support a range of commercial and industrial configurations, subject to approvals.
Where is this flex space located?
The property is located at 508-514 Canterbury Road Kings Mountain, NC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 7,889‑square‑foot building on approximately 2.90 acres; Loading dock and paved parking; Built in 1997
