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    The Largest CRE Database in the US with Over 1 Million Listings

    300 Kent St Andrews, NC 28901

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    For Lease
    Contact for pricing

    Massive Warehouse, Flexible Lease Options

    Lot size:
    311,830 SF

    Property Features for 300 Kent St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    311,830 SF

    Building Details

    Year Built/Renovated
    1964/2023
    Buildings
    1

    Spaces For Lease

    at 300 Kent St, Andrews, NC 28901 Contact us

    We can help!

    Listing Contact
    Luke Herder

    Listing Agency: Phoenix Investors Listing Agent: Luke Herder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Cherokee County industrial property, located at 300 Kent St., offers a substantial 311,830 square feet of versatile space, ideal for manufacturing, warehousing, or distribution. The single-building property sits on a generous 58.22 acres and boasts a recent 2023 renovation. With a minimum divisible space of 3,000 square feet and the ability to lease the entire 311,830 square feet contiguously, this property provides unparalleled flexibility for businesses of all sizes. The building features impressive 21-foot clear ceiling heights and a spacious layout with 30' x 40' column spacing. Seven loading docks ensure efficient loading and unloading operations, complemented by ample parking with 200 spaces available. The property is equipped for heavy power demands, boasting an 8,000 amp/480v power supply. Built in 1964 and meticulously updated in 2023, this property combines classic industrial character with modern functionality. Its Industrial zoning and convenient location in Cherokee County make it an exceptional opportunity. The property's APN is 5556-18-31-9548-000. Currently, the entire 311,830 square feet is available for lease. Don't miss this chance to secure a premier industrial space in a thriving location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells & West Inc Construction Company Eastman Chemical/Phoenix Warehouse & Storage Munters Corporation Hardware & Home Improvement Perfect Fit Components Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Andrews
    County
    Cherokee
    State
    North Carolina
    Longitude
    -83.840176
    Latitude
    35.1965564

    FAQs

    What type of property is this?
    Distribution property - Massive Warehouse, Flexible Lease Options
    Where is this distribution property located?
    The property is located at 300 Kent St Andrews, NC.
    What are key features of this property?
    This property features: 311,830 SF industrial building available for lease in Cherokee County.; Multiple tenancy options, with spaces ranging from 3,000 SF to 311,830 SF contiguous.; Entire 311,830 SF building currently vacant.
    Request Owner's contact information
    300 Kent St Andrews, NC 28901
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    300 Kent St
    Andrews, NC 28901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 Kent St Andrews, NC 28901
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