Building Details

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at 6861-6863 NC Hwy 56 Contact us

Industrial/ Warehouse Space in the Triangle Available For Lease AVAILABLE

Size 17,411 SF

Type INDUSTRIAL

Lease Type NNN

6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with outdoor storage and stand-alone laydown yard. The property features 3 buildings as well as an auxiliary building, 11 drive-in doors, and ceiling heights ranging from 17-20 feet. Strategically located in Franklinton, just 26 miles northeast of Raleigh and Durham, it provides excellent access to the booming economy and workforce of the Triangle MSA. Leasing Highlights Ideal Proximity to the Triangle MSA 11 Drive-in doors 3 buildings + an auxiliary building Large 19.39 acre site

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Industrial/ Warehouse Space in the Triangle Available For Lease AVAILABLE

Size 26,575 SF

Type INDUSTRIAL

Lease Type NNN

6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with outdoor storage and stand-alone laydown yard. The property features 3 buildings as well as an auxiliary building, 11 drive-in doors, and ceiling heights ranging from 17-20 feet. Strategically located in Franklinton, just 26 miles northeast of Raleigh and Durham, it provides excellent access to the booming economy and workforce of the Triangle MSA. Leasing Highlights Ideal Proximity to the Triangle MSA 11 Drive-in doors 3 buildings + an auxiliary building Large 19.39 acre site

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Industrial/ Warehouse Space in the Triangle Available For Lease AVAILABLE

Size 2,720 SF

Type INDUSTRIAL

Lease Type NNN

6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with outdoor storage and stand-alone laydown yard. The property features 3 buildings as well as an auxiliary building, 11 drive-in doors, and ceiling heights ranging from 17-20 feet. Strategically located in Franklinton, just 26 miles northeast of Raleigh and Durham, it provides excellent access to the booming economy and workforce of the Triangle MSA. Leasing Highlights Ideal Proximity to the Triangle MSA 11 Drive-in doors 3 buildings + an auxiliary building Large 19.39 acre site

Contact us

Industrial/ Warehouse Space in the Triangle Available For Lease AVAILABLE

Size 27,659 SF

Type INDUSTRIAL

Lease Type NNN

6863 NC HWY 56 offers nearly 77K SF of functional industrial and office space with outdoor storage and stand-alone laydown yard. The property features 3 buildings as well as an auxiliary building, 11 drive-in doors, and ceiling heights ranging from 17-20 feet. Strategically located in Franklinton, just 26 miles northeast of Raleigh and Durham, it provides excellent access to the booming economy and workforce of the Triangle MSA. Leasing Highlights Ideal Proximity to the Triangle MSA 11 Drive-in doors 3 buildings + an auxiliary building Large 19.39 acre site

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Listing Agency: The Stump Companies Show Phone

Listed By: John Stump, SIOR Show Phone

Source: Moodyscre

Added: Apr 8, 2025 Changed: Sep 10 Last Checked: Oct 15 at 2:14AM

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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 The Stump Companies

Investment Insights

Based on property information with market context.

This flex property comprises three primary buildings plus an auxiliary building, combining industrial and office areas across the site. The improvements include 11 drive-in doors and ceiling heights ranging from 17 to 20 feet. Outdoor storage and a stand-alone laydown yard add functional yard capacity for commercial operations.

The 19.39-acre property is located in Franklinton along NC Hwy 56, approximately 26 miles northeast of Raleigh and Durham. Its position provides access to the broader Triangle MSA and its employment base.

Key Highlights

• 19.39‑acre site in Franklinton, NC
• Three buildings plus an auxiliary building
• 11 drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$267,266

Cap Rate

7.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,345,320 $5.3M

Cap Rate 7%

$3,818,086 $3.8M

Cap Rate 9%

$2,969,622 $3.0M

Market Conditions

NOI Build-Up for 17,411 SF

Gross rent

$428.3K $24.60/SF

− Vacancy

−$72.0K −$4.13/SF

EGI

$356.4K $20.47/SF

− OpEx

−$89.1K −$5.12/SF

NOI

$267.3K $15.35/SF

Area

Franklin County, NC

Vacancy

16.80%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,345,320

Cap Rate 7%

$3,818,086

Cap Rate 9%

$2,969,622

Alternative Uses

Best Use

Office B

$3.82M

$3.34M – $4.45M (±1% cap)

NOI $267,266 @ 7.0% cap · market cap 7.64%

Second Best

Flex RnD

$2.66M

$2.33M – $3.10M (±1% cap)

NOI $186,088 @ 7.0% cap · market cap 5.32%

Theoretical Best

Specialty Retail

$4.97M

$4.35M – $5.80M (±1% cap)

NOI $347,989 @ 7.0% cap · market cap 9.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Electronics & Wireless Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft

Clear height

11

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 27525, NC

16,684

Population

7,071

Households

2.4

Avg Household Size

40

Median Age

27%

College-Educated

91%

High-School Grad

93.8 sq mi

ZIP Area

178

Density / Sq Mi

$68,847

Median Household Income

$44,701

Median Earnings

$1,011

Median Rent

$258,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Multi-building commercial property with office areas, outdoor storage, and a separate laydown yard.

Where is this flex space located?

The property is located at 6861-6863 NC Hwy 56 Franklinton, NC.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 19.39‑acre site in Franklinton, NC; Three buildings plus an auxiliary building; 11 drive‑in doors