6,000 SF Flex
For Sale
Contact for pricing
540 Dynamic Dr, Garner, NC 27529
Flex building with conditioned warehouse and office space for sale.
Property Size6,000 SF
Lot Size0.43 Acres
Price / SF$229.17
Days on Market647
Property Features for 540 Dynamic Dr
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.43 Acres
Property subtype
Industrial
Zoning
LI
Building Details
Year Built
1989
Listing Agency:
Lee & Associates - Raleigh Durham
(703) 772-2339
Listed By:
Silas Fortuin · License #NC 343443
Source:
Crexi
Added: Nov 12, 2024
Changed: Aug 21
Last Checked: Aug 21 at 11:01AM
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 Lee & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
This 6,000 square foot flex building features a fully conditioned warehouse and approximately 2,000 square feet of office space. The office area includes two bathrooms, four dedicated offices, a kitchenette, and a conference room. The property is equipped with two 10' x 12' drive-in doors, and Spectrum & fiber are available. There are seven parking spaces. The property is zoned LI (Light Industrial) and sits on a 0.43-acre lot. A short-term sale-leaseback is available with Custom Canvas Works.
Key Highlights
- 6,000 SF flex building with fully conditioned warehouse space.
- Approximately 2,000 SF of office space including 4 dedicated offices, kitchenette, and conference room.
- Two 10' x 12' drive‑in doors for easy access.
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
$64,128
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
4.66%
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%
$1,282,560
$1.3M
Cap Rate 7%
$916,114
$916.1K
Cap Rate 9%
$712,533
$712.5K
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
$104.4K $17.40/SF
− Vacancy
−$5.7K −$0.96/SF
EGI
$98.7K $16.44/SF
− OpEx
−$34.5K −$5.76/SF
NOI
$64.1K $10.69/SF
Area
Wake County, NC
Vacancy
5.50%
Lease Rate
$17.40 /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%
$1,282,560
Cap Rate 7%
$916,114
Cap Rate 9%
$712,533
Alternative Uses
Best Use
Flex RnD
$916.1K
$801.6K – $1.07M
NOI $64,128 @ 7.0% cap · market cap 4.66%
Second Best
Industrial
$548.6K
$480.0K – $640.0K
NOI $38,402 @ 7.0% cap · market cap 2.79%
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $119,921 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27529, NC
54,250
Population
22,089
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
940
Density / Sq Mi
$86,426
Median Household Income
$47,686
Median Earnings
$1,379
Median Rent
$325,600
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 - Flex building with conditioned warehouse and office space for sale.
Where is this flex space located?
The property is located at 540 Dynamic Dr Garner, NC.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 6,000 SF flex building with fully conditioned warehouse space.; Approximately 2,000 SF of office space including 4 dedicated offices, kitchenette, and conference room.; Two 10' x 12' drive‑in doors for easy access.
