Heavy Industrial Zoned
For Sale
Contact for pricing
410 E Interstate Service Rd, Graham, NC 27253
64,386 SF building on 7.894 acres near I-40/85.
Property Size64,386 SF
Lot Size7.89 Acres
Price / SF$89.31
Days on Market750
Property Features for 410 E Interstate Service Rd
General Information
Standard status
Active
Size
64,386 SF
Lot size
7.89 Acres
Property subtype
Industrial
Zoning
I-2
Listing Agency:
David Massey Real Estate
(877) 362-7739
Listed By:
Jeff Smith · License #NC 237956
Source:
Crexi
Added: Aug 1, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:18AM
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 David Massey Real Estate
Investment Insights
Based on property information with market context.
This property, zoned I-2 Heavy Industrial, is situated in Central NC along I-40/85. The building encompasses a total of approximately 64,386 square feet, divided into 52,824 square feet of warehouse space, 5,138 square feet of garage space, and 6,426 square feet of office space. The property occupies 7.894 acres. It features six dock doors, each measuring 8’x9’, and one dock door measuring 8’x14’. Drive-in doors include one 12’x12’ door, one 14’x18’ door, and three 22’x18’ doors. The warehouse area has a clear ceiling height of 13 feet. Water and sewer services are available at or near the property. The location provides easy access to the interstate via NC Hwy 87 or NC Hwy 54, approximately a 2-minute drive. It is located approximately 40 miles from the Piedmont Triad International Airport and 45 miles from the Raleigh Durham International Airport. The 2020 Average Annual Daily Traffic (AADT) count was 111,000 on I-40/85. Up to approximately 24,000 SF of warehouse/industrial lease space available with 13’ clear ceiling height. Lease price/SF is negotiable.
Key Highlights
- Zoned I‑2 Heavy Industrial with excellent location in Central NC along I‑40/85
- Substantial building size: 64,386 total sq. ft. (Warehouse: 52,824 SF; Garage: 5,138 SF; Office: 6,426 SF)
- Convenient access to I‑40/85 via NC Hwy 87 and NC Hwy 54 (approx. 2‑minute drive)
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
$508,312
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
8.84%
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%
$10,166,240
$10.2M
Cap Rate 7%
$7,261,600
$7.3M
Cap Rate 9%
$5,647,911
$5.6M
Market Conditions
NOI Build-Up for 64,386 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
$650.3K $10.10/SF
− Vacancy
−$52.3K −$0.81/SF
EGI
$598.0K $9.29/SF
− OpEx
−$89.7K −$1.39/SF
NOI
$508.3K $7.89/SF
Area
Alamance County, NC
Vacancy
8.04%
Lease Rate
$10.10 /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%
$10,166,240
Cap Rate 7%
$7,261,600
Cap Rate 9%
$5,647,911
Alternative Uses
Best Use
Office B
$17.86M
$15.63M – $20.84M
NOI $1,250,215 @ 7.0% cap · market cap 21.74%
Second Best
Warehouse
$7.26M
$6.35M – $8.47M
NOI $508,312 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$21.23M
$18.57M – $24.77M
NOI $1,485,949 @ 7.0% cap · market cap 25.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27253, NC
32,010
Population
14,821
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
88%
High-School Grad
81.9 sq mi
ZIP Area
391
Density / Sq Mi
$62,020
Median Household Income
$39,307
Median Earnings
$975
Median Rent
$212,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Browns Mini Storage — 1050 Ivey Rd, Graham, NC 27253
Frequently Asked Questions
What type of property is this?
Warehouse - 64,386 SF building on 7.894 acres near I-40/85.
Where is this warehouse located?
The property is located at 410 E Interstate Service Rd Graham, NC.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Zoned I‑2 Heavy Industrial with excellent location in Central NC along I‑40/85; Substantial building size: **64,386 total sq. ft.** (Warehouse: 52,824 SF; Garage: 5,138 SF; Office: 6,426 SF); Convenient access to I‑40/85 via NC Hwy 87 and NC Hwy 54 (approx. 2‑minute drive)
