Food-Grade Manufacturing
New
For Sale
$5,870,000
51 Saint Pauls Rd, Hendersonville, NC 28792
Three building sections combine conditioned ground-level space with industrial power and sprinkler protection.
Property Size67,678 SF
Lot Size5.36 Acres
Price / SF$86.73
Days on Market2
Property Features for 51 Saint Pauls Rd
General Information
Standard status
Active
Size
67,678 SF
Lot size
5.36 Acres
Property subtype
Industrial
Warehouse & Industrial
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Property Use
Manufacturing
Building Details
Building Size
67,678 SF
Year Built
2001
Buildings
1
Listed By:
Andrew Harrill, SIOR, CCIM · License #SC #93051
(864) 607-7223
Source:
Lee-associates
Added: Oct 24
Last Checked: Oct 24 at 2:58PM
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 Andrew Harrill, SIOR, CCIM
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Investment Insights
Based on property information with market context.
Set on 5.36 acres along U.S. Highway 64, this 67,678-square-foot industrial property was built in 2001 and is arranged in three distinct building sections. The facility includes food-grade infrastructure, heavy power, a wet sprinkler system, and fully conditioned ground-level space. Clear heights range from 20 to over 30 feet, and the building has numerous dock doors.
The property has served food and beverage manufacturing use. Existing equipment and racking are to be removed before closing.
The property has served food and beverage manufacturing use. Existing equipment and racking are to be removed before closing.
Key Highlights
- 67,678‑square‑foot industrial building on 5.36 acres
- Three distinct building sections
- Clear heights of 20 to over 30 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$502,205
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,044,100
$10.0M
Cap Rate 7%
$7,174,357
$7.2M
Cap Rate 9%
$5,580,056
$5.6M
Market Conditions
NOI Build-Up for 67,678 SF
Gross rent
$609.1K $9.00/SF
− Vacancy
−$18.3K −$0.27/SF
EGI
$590.8K $8.73/SF
− OpEx
−$88.6K −$1.31/SF
NOI
$502.2K $7.42/SF
Area
Henderson County, NC
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,044,100
Cap Rate 7%
$7,174,357
Cap Rate 9%
$5,580,056
Alternative Uses
Best Use
Warehouse
$7.17M
$6.28M – $8.37M
NOI $502,205 @ 7.0% cap · market cap 8.56%
Second Best
Industrial
$5.91M
$5.17M – $6.89M
NOI $413,580 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$22.55M
$19.73M – $26.31M
NOI $1,578,792 @ 7.0% cap · market cap 26.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
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Business Placement
Demographics for 28792, NC
35,962
Population
18,121
Households
2
Avg Household Size
44
Median Age
26%
College-Educated
87%
High-School Grad
102.9 sq mi
ZIP Area
349
Density / Sq Mi
$55,066
Median Household Income
$32,312
Median Earnings
$1,131
Median Rent
$249,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Three building sections combine conditioned ground-level space with industrial power and sprinkler protection.
Where is this manufacturing property located?
The property is located at 51 Saint Pauls Rd Hendersonville, NC.
What is the asking price?
The asking price for this property is $5,870,000.
What are key features of this property?
This property features: 67,678‑square‑foot industrial building on 5.36 acres; Three distinct building sections; Clear heights of 20 to over 30 feet
