700 Trollingwood Hawfields Rd, Mebane, NC

Listing Agency: NAI Piedmont Triad Show Phone

Listed By: Allen Jones Show Phone

Source: Moodyscre

Added: Aug 27, 2024 Changed: Nov 3 Last Checked: Nov 8 at 8:39AM

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Investment Insights

Based on property information with market context.

This 98,425 square foot warehouse property in Mebane, North Carolina, offers expansion possibilities up to 110,425 square feet. The property includes 3,500 square feet of office space and 94,925 square feet of warehouse area. It features six dock positions and two drive-in doors, with the potential for eight additional dock doors upon expansion. The warehouse has a clear height of 21 feet 6 inches at the center and 15 feet at the eaves. Column spacing is configured at 29 feet 6 inches by 49 feet 6 inches. The property benefits from its proximity to I-40 and I-85, located approximately one mile away. There is an additional opportunity to acquire an adjacent 6-acre tract, which can be fenced and graveled for trailer and truck storage.

Key Highlights

• Excellent Location: Approximately 1 mile from I‑40/I‑85 interchange.
• Expandable Warehouse Space: Current 98,425 SF, expandable to 110,425 SF.
• Functional Loading Docks: 6 dock positions and 2 drive‑in doors; 8 additional dock doors available with expansion.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$387,438

Cap Rate

6.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,748,760 $7.7M

Cap Rate 7%

$5,534,829 $5.5M

Cap Rate 9%

$4,304,867 $4.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 98,425 SF

Gross rent

$610.2K $6.20/SF

− Vacancy

−$56.8K −$0.58/SF

EGI

$553.5K $5.62/SF

− OpEx

−$166.0K −$1.69/SF

NOI

$387.4K $3.94/SF

Area

Alamance County, NC

Vacancy

9.30%

Lease Rate

$6.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,748,760

Cap Rate 7%

$5,534,829

Cap Rate 9%

$4,304,867

Alternative Uses

Best Use

Warehouse

$11.10M

$9.71M – $12.95M (±1% cap)

NOI $777,042 @ 7.0% cap · market cap 12.53%

Second Best

Industrial

$5.53M

$4.84M – $6.46M (±1% cap)

NOI $387,438 @ 7.0% cap · market cap 6.25%

Theoretical Best

Office A

$32.45M

$28.39M – $37.86M (±1% cap)

NOI $2,271,527 @ 7.0% cap · market cap 36.64%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Dental Office Law Firm Auto Parts Store Pharmacy Big Box & Wholesale Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

485

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Budget Storage Center — 303 E Center St, Mebane, NC 27302
• ShedSmart, LLC — 7719 US-70, Mebane, NC 27302
• Ruffin Self Storage — 111 E Ruffin St, Mebane, NC 27302
• Extra Space Storage — 813 W Center St, Mebane, NC 27302
• Tri Star Self Storage — 300 W Crawford St # A, Mebane, NC 27302

Frequently Asked Questions

What type of property is this?

Warehouse - 98,425 SF warehouse expandable to 110,425 SF near I-40/I-85.

Where is this warehouse located?

The property is located at 700 Trollingwood Hawfields Rd Mebane, NC.

What is the asking price?

The asking price for this property is $6,200,000.

What are key features of this property?

This property features: Excellent Location: Approximately 1 mile from I‑40/I‑85 interchange.; Expandable Warehouse Space: Current 98,425 SF, expandable to 110,425 SF.; Functional Loading Docks: 6 dock positions and 2 drive‑in doors; 8 additional dock doors available with expansion.