Charlotte Industrial Portfolio For
For Sale
Contact for pricing
Pending
7608 Grier Rd, Charlotte, NC 28213
Five industrial properties in Charlotte's high-demand industrial corridors.
Property Size26,348 SF
Days on Market204
Property Features for 7608 Grier Rd
General Information
Standard status
Pending
Size
26,348 SF
Class
B
Property subtype
Industrial
Zoning
ML-1 & ML-2
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Building Details
Buildings
5
Units
5
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Ryan Pilsy · License #NC
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Jul 24 at 6:24AM
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.
This industrial portfolio consists of five properties situated across Charlotte’s Northeast and University City industrial corridors. The properties are located along Grier Road, Orr Road, and Harris Technology Boulevard, providing access to I-85, I-485, US-29, and Uptown Charlotte. These locations are suitable for distribution, service-industrial, fabrication, general warehousing and storage, and other industrial uses. The properties are zoned for light to heavy industrial use, supporting logistics, fleet operations, contractor services, and equipment storage. Several sites include industrial outdoor storage (IOS) capacity with truck and tractor-trailer parking, laydown areas, and secure, fenced lots. The buildings are well-maintained with functional layouts that appeal to small-bay and mid-bay industrial tenants. The portfolio features a stable tenant mix, including tenants with more than 12 years of continuous occupancy and tenants with over 5 years of tenure. Staggered lease terms provide income stability and potential upside as rents adjust to market rates. Located within established industrial parks and near a labor pool, these assets benefit from demand, limited competing supply, and connectivity to Charlotte’s logistics and service-industrial ecosystem. The portfolio offers investors industrial income, land positions, and exposure to one of the Southeast’s industrial markets. The property at 7608 Grier Rd, Charlotte, NC 28213 has a property size of 26348 square feet.
Key Highlights
- Portfolio of five well‑positioned industrial properties
- Exceptional access to I‑85, I‑485, US‑29, and Uptown Charlotte
- Significant industrial outdoor storage (IOS) capacity with secure, fully fenced lots
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
$326,665
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
6.08%
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%
$6,533,300
$6.5M
Cap Rate 7%
$4,666,643
$4.7M
Cap Rate 9%
$3,629,611
$3.6M
Market Conditions
NOI Build-Up for 26,348 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
$411.0K $15.60/SF
− Vacancy
−$26.7K −$1.01/SF
EGI
$384.3K $14.59/SF
− OpEx
−$57.6K −$2.19/SF
NOI
$326.7K $12.40/SF
Area
Charlotte, NC
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%
$6,533,300
Cap Rate 7%
$4,666,643
Cap Rate 9%
$3,629,611
Alternative Uses
Best Use
Warehouse
$4.67M
$4.08M – $5.44M
NOI $326,665 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$3.84M
$3.36M – $4.48M
NOI $269,018 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$8.77M
$7.68M – $10.24M
NOI $614,176 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 28213, NC
47,215
Population
20,484
Households
2.3
Avg Household Size
31
Median Age
34%
College-Educated
86%
High-School Grad
14.2 sq mi
ZIP Area
3,325
Density / Sq Mi
$55,612
Median Household Income
$39,704
Median Earnings
$1,341
Median Rent
$251,700
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?
Industrial property - Five industrial properties in Charlotte's high-demand industrial corridors.
Where is this industrial property located?
The property is located at 7608 Grier Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $5,375,000.
What are key features of this property?
This property features: Portfolio of five well‑positioned industrial properties; Exceptional access to I‑85, I‑485, US‑29, and Uptown Charlotte; Significant industrial outdoor storage (IOS) capacity with secure, fully fenced lots
