Fenced Industrial Outdoor Storage
For Sale
Contact for pricing
7226 Harrisburg Road, Charlotte, NC 28215
Fully fenced and lighted gravel truck parking yard with 57 spaces, plus warehouse improvements currently fully occupied.
Property Size10,766 SF
Lot Size4.02 Acres
Price / SF$408.69
Days on Market69
Property Features for 7226 Harrisburg Road
General Information
Standard status
Active
Size
10,766 SF
Class
C
Total Parking Spaces
75
Lot size
4.02 Acres
Property subtype
Industrial, Land
Zoning
ML-1
Occupancy
100%
Lease Type
NNN
Net Operating Income
$313,126
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
2001
Buildings
3
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Ryan Pilsy · License #NC
Source:
Crexi
Added: Jul 2
Changed: Aug 14
Last Checked: Sep 8 at 5:07AM
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 Coldwell Banker Commercial Realty
Investment Insights
Based on property information with market context.
7226 Harrisburg Road is an industrial outdoor storage (IOS) property paired with warehouse improvements. The site includes an expansive, revenue-oriented gravel truck parking lot that is fully fenced, secured, and lighted, configured with 57 designated truck parking spaces. Warehouse improvements total approximately 10,766 square feet and are currently 100% occupied.
The property fronts direct access to major thoroughfares, including Albemarle Road, and is located less than two miles from Interstate 485. Existing ML-1 industrial zoning supports both warehouse and IOS use.
Spanning approximately 4.015 acres, the facility combines indoor warehouse space with dedicated outdoor truck parking in a single, secured site designed to support IOS operations.
The property fronts direct access to major thoroughfares, including Albemarle Road, and is located less than two miles from Interstate 485. Existing ML-1 industrial zoning supports both warehouse and IOS use.
Spanning approximately 4.015 acres, the facility combines indoor warehouse space with dedicated outdoor truck parking in a single, secured site designed to support IOS operations.
Key Highlights
- Industrial outdoor storage and warehouse on approx. 4.015 acres, with 10,766 SF of warehouse improvements currently 100% occupied
- Fully fenced, secured, and lighted gravel truck parking lot with 57 designated truck parking spaces
- ML‑1 industrial zoning supports both warehouse and IOS use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,478
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,669,560
$2.7M
Cap Rate 7%
$1,906,829
$1.9M
Cap Rate 9%
$1,483,089
$1.5M
Market Conditions
NOI Build-Up for 10,766 SF
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.
Gross rent
$167.9K $15.60/SF
− Vacancy
−$10.9K −$1.01/SF
EGI
$157.0K $14.59/SF
− OpEx
−$23.6K −$2.19/SF
NOI
$133.5K $12.40/SF
Area
ZIP 28215
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,669,560
Cap Rate 7%
$1,906,829
Cap Rate 9%
$1,483,089
Alternative Uses
Best Use
Warehouse
$1.91M
$1.67M – $2.22M
NOI $133,478 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$1.57M
$1.37M – $1.83M
NOI $109,923 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,197 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 28215, NC
61,842
Population
25,350
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
84%
High-School Grad
28.9 sq mi
ZIP Area
2,140
Density / Sq Mi
$66,065
Median Household Income
$37,904
Median Earnings
$1,349
Median Rent
$273,800
Median Home Value
Market
Vacancy Rate% for Industrial in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Fully fenced and lighted gravel truck parking yard with 57 spaces, plus warehouse improvements currently fully occupied.
Where is this truck terminal located?
The property is located at 7226 Harrisburg Road Charlotte, NC.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Industrial outdoor storage and warehouse on approx. 4.015 acres, with 10,766 SF of warehouse improvements currently 100% occupied; Fully fenced, secured, and lighted gravel truck parking lot with 57 designated truck parking spaces; ML‑1 industrial zoning supports both warehouse and IOS use
