Industrial Land with Metal
For Sale
$320,000
593 Andrews Ridge Road, Sparta, NC 28675
Land includes a former metal manufacturing building, metal-roof shed, and office space with restroom.
Property Size4,600 SF
Price / SF$69.57
Days on Market101
Property Features for 593 Andrews Ridge Road
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Land or Vacant Lot
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$808
Amenities
office space
rest room
Rolling Slope
Shared Driveway
Listing Agency:
KELLER WILLIAMS REALTY ELITE - BLUE RIDGE
(919) 868-6675
Listed By:
JAMES HALSEY
(336) 553-7755
Source:
Corcoran
Added: Jul 25
Changed: Nov 1
Last Checked: Nov 1 at 5:49AM
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 KELLER WILLIAMS REALTY ELITE - BLUE RIDGE
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Investment Insights
Based on property information with market context.
This property includes a former manufacturing metal building of approximately 4,600 square feet with a metal roofed shed measuring 80' x 18', which is suitable for outside storage. The site also features office space and a restroom, and high ceilings that can support greater storage capacity depending on the intended use.
The property has a shared well and septic tank with the adjoining property. The existing buildings and shed support a variety of industrial and storage-oriented plans.
Additional on-site improvements include the office and restroom area, along with the high-ceiling main building and the metal-roof shed designed for outdoor storage.
The property has a shared well and septic tank with the adjoining property. The existing buildings and shed support a variety of industrial and storage-oriented plans.
Additional on-site improvements include the office and restroom area, along with the high-ceiling main building and the metal-roof shed designed for outdoor storage.
Key Highlights
- Includes a former manufacturing metal building with approx. 4,600 SF and a metal‑roofed shed for outside storage
- Metal‑roof shed measures 80' x 18', suitable for equipment or materials storage
- Building offers office space and a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,981
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,620
$459.6K
Cap Rate 7%
$328,300
$328.3K
Cap Rate 9%
$255,344
$255.3K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$35.9K $7.80/SF
− Vacancy
−$3.0K −$0.66/SF
EGI
$32.8K $7.14/SF
− OpEx
−$9.8K −$2.14/SF
NOI
$23.0K $5.00/SF
Area
Alleghany County, NC
Vacancy
8.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,620
Cap Rate 7%
$328,300
Cap Rate 9%
$255,344
Alternative Uses
Best Use
Industrial
$328.3K
$287.3K – $383.0K
NOI $22,981 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$999.3K
$874.4K – $1.17M
NOI $69,949 @ 7.0% cap · market cap 21.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 28675, NC
6,138
Population
3,867
Households
1.6
Avg Household Size
50
Median Age
24%
College-Educated
84%
High-School Grad
107.4 sq mi
ZIP Area
57
Density / Sq Mi
$44,137
Median Household Income
$29,686
Median Earnings
$717
Median Rent
$202,100
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 - Land includes a former metal manufacturing building, metal-roof shed, and office space with restroom.
Where is this manufacturing property located?
The property is located at 593 Andrews Ridge Road Sparta, NC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Includes a former manufacturing metal building with approx. 4,600 SF and a metal‑roofed shed for outside storage; Metal‑roof shed measures 80' x 18', suitable for equipment or materials storage; Building offers office space and a restroom
