Warehouse Unit with
6424 Boylston Highway Unit 5 Mills River, NC 28759
New
6424 Boylston Highway Unit 5, Mills River, NC, 28759
$325,000
For Sale
$325,000
Warehouse unit includes an office, bathroom, hot water, and three-phase power with a 14' x 12' delivery door.
Property Size2,280 SF
Price / SF$142.54
Days on Market6
Property Features for 6424 Boylston Highway Unit 5
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Warehouse/Office
Building Details
- Year Built
- 2007
Listing agency
Greenfield Real Estate LLC
(828) 290-3539
Listed by
Autumn Greenfield
(828) 290-3539
Source
Blackstreaminternational
Added: Jul 16 Updated: Jul 21 at 4:02AM Checked: Jul 21 at 4:02AM
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 Greenfield Real Estate LLC
Investment Insights
Based on property information with market context.
This warehouse unit with office features hot water, a bathroom, and three-phase power, supported by 16'+ ceilings for usable vertical height. The property includes a 14' x 12' delivery door and four dedicated parking spaces, plus additional shared common parking. There is also a loft above the office that is not included in the stated square footage and provides extra storage.
Ownership includes 1/5 (20%) of the common areas, including the additional parking and land.
The unit is configured for light warehouse operations with office space on-site, along with the added overhead storage loft above the office area.
Ownership includes 1/5 (20%) of the common areas, including the additional parking and land.
The unit is configured for light warehouse operations with office space on-site, along with the added overhead storage loft above the office area.
Key Highlights
- Warehouse unit built in 2007 with an office, bathroom, hot water, and three‑phase power
- 14' x 12' delivery door plus 16'+ ceilings
- Loft above the office not included in the sqft, providing extra storage space
Local Financial Insights For Warehouse
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 | $20.5k | $9.00 |
| − Vacancy | −$616 | −$0.27 |
| EGI | $19.9k | $8.73 |
| − OpEx | −$3.0k | −$1.31 |
| NOI | $16.9k | $7.42 |
2,280 SF · lease $9.00/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 12.27%
Second Best
Warehouse
$241.7K
$211.5K – $282.0K
NOI $16,919 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$759.8K
$664.9K – $886.5K
NOI $53,188 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Warehouse unit includes an office, bathroom, hot water, and three-phase power with a 14' x 12' delivery door.
Where is this flex space located?
The property is located at 6424 Boylston Highway Unit 5 Mills River, NC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Warehouse unit built in 2007 with an office, bathroom, hot water, and three‑phase power; 14' x 12' delivery door plus 16'+ ceilings; Loft above the office not included in the sqft, providing extra storage space
