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    5485 Herman Road #2 Claremont, NC 28610

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    For Sale
    $600,000

    Insulated warehouse/manufacturing building with dock doors, ready for business.

    Type:Commercial
    Added:
    Aug 2, 2025
    Days on Market:
    244
    Last Refresh:
    Mar 30 at 8:38 pm

    Property Features for 5485 Herman Road #2

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    RYAN FREEMAN

    Listing agent RYAN FREEMAN

    Listing office REALTY EXECUTIVES OF HICKORY

    Listing date Aug 2, 2025

    Source Corcoran

    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 REALTY EXECUTIVES OF HICKORY

    Overview

    Warehouse/Manufacturing Building with Dock Doors

    This insulated metal warehouse/manufacturing building offers approximately 15,000 square feet of space. It features 14 ft ceiling heights and includes four dock doors: one 10x18 ft ground-level door with a covered canopy, one 8x9 ft raised dock door, and two 8x8 ft raised dock doors. The property is equipped with 3-phase power, climate-controlled offices, two restrooms, and a break room. It was previously operated as a furniture frame manufacturing business under a special use permit from county zoning in a residential area. Any new business will need to obtain a new special use permit. Machines and equipment, including three tow motors, may remain. The property operates with well and septic systems and benefits from the absence of city taxes. An emergency response community water reservoir is located on the neighboring property. The building includes 2.42 acres. County tax values do not reflect the actual value because the seller has moved the boundary lines and they have yet to be recorded with the county.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Big Box & Wholesale Store Hotel & Motel Furniture & Home Goods Plumbing Service Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.1496
    Latitude
    35.7872

    Nearby Similar for Sale

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      Claremont Duplex Income Opportunity

      Multi-family brick duplex in Claremont, NC. Perfect for investors.
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    • $250,000

      Claremont Warehouse on 1.1 Acres

      8000 sq ft insulated warehouse on 1.1 acres near I-40.
      5481 Herman Road, Claremont, NC 28610
      View Details
    • $995,000

      Claremont Warehouse/Industrial Facility For Sale

      Warehouse/industrial/manufacturing facility near Claremont with expansion potential.
      0000 & 3562 Old Catawba Road, Claremont, NC 28610
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Insulated warehouse/manufacturing building with dock doors, ready for business.
    Where is this manufacturing property located?
    The property is located at 5485 Herman Road #2 Claremont, NC.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Nearly 15,000 sq ft warehouse/manufacturing building.; Equipped with **4 dock doors**, including one ground‑level with canopy.; Features 3‑phase power, climate‑controlled offices, 2 restrooms, and a break room.
    (828) 328-8900
    We can help!
    Listing Contact
    RYAN FREEMAN
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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