640 Shell Dr, Spring Lake, NC
21,600 SF warehouse in Spring Lake, North Carolina.
- Added:
- Jun 23, 2025
- Days on Market:
- 365
- Last Refresh:
- May 19 at 9:37 pm
Property Features for 640 Shell Dr
General Information
- Standard status
- Active
- Size
- 21,600 SF
- Lot size
- 3.25 Acres
- Property subtype
- INDUSTRIAL
Listing agent Todd Phillips License #(S):NC:241055 (919) 674-1120
Listing office Marcus & Millichap | Raleigh (919) 674-1100
Listing date Jun 23, 2025
Source Moodyscre
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 Marcus & Millichap | Raleigh
HighLights
- 21,600 SF warehouse
- Located in Spring Lake, North Carolina
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $337.0k | $15.60 |
| − Vacancy | −$22.9k | −$1.06 |
| EGI | $314.0k | $14.54 |
| − OpEx | −$94.2k | −$4.36 |
| NOI | $219.8k | $10.18 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Carolina Storage at Spring Lake — 620 Shell Dr, Spring Lake, NC 28390
Location Insight
- Map
- Local Demand
- City
- Spring Lake
- County
- Cumberland
- State
- North Carolina
- Longitude
- -77.6582
- Latitude
- 36.4752
