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    1260 Margaret St Valdese, NC 28690

    Sponsored
    For Sale
    $1,500,000

    11,708 SF Warehouse on 1.89 Acres

    Property size:
    11,708 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Exceptional investment opportunity: a 11,708-square-foot warehouse situated on a 1.89-acre lot in Valdese, North Carolina. This industrial property, located at 1260 Margaret Street NW, 28690, offers convenient access to Highway 70 and Interstate 40, ensuring efficient transportation and logistics. The building's spacious layout is ideal for a variety of uses, including manufacturing, storage, or distribution. The property's previous occupant, BY-DESIGN BLACK OXIDE AND TOOL, LLC, specialized in metal finishing, showcasing its suitability for industrial applications. The 1.89-acre lot provides ample space for expansion or outdoor storage. The asking price for this turnkey property is $1,500,000. This presents a strong return on investment potential for savvy buyers seeking a well-located industrial asset in a growing market. The property's versatility makes it suitable for a wide range of businesses, from those requiring significant storage space to those needing a manufacturing facility with easy highway access. The property is zoned for commercial and industrial use.

    Property Features for 1260 Margaret St

    General Information

    Property type
    Distribution properties
    Square Feet
    11,708 SF
    Lot Size
    82,328 SF

    HighLights

    • $1,500,000 asking price.
    • 11,708 square foot industrial warehouse on 1.89 acres.
    • Located at 1260 Margaret Street NW, Valdese, NC 28690.
    • Easy access to Highway 70 and Interstate 40.
    Property Profile Location Intelligence

    Current Use by Public Records

    By-Design Black Oxide ... Metal Finisher Charter Furniture Designs Furniture Store

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Valdese
    County
    Burke
    State
    North Carolina
    Longitude
    -81.569295
    Latitude
    35.7582853

    Nearby Comparable

    • $258,000

      Valdese Investment Opportunity

      B-2 zoned property with potential for restoration or redevelopment.
      330 Sterling St, Valdese, NC 28690
      View Details
    • $450,000
      0.97 Acres

      Valdese Commercial Land - $450K

      Prime .97-acre corner lot, high visibility.
      540 Main St, Valdese, NC 28690
      View Details
    • $550,000
      0.24 Acres

      Historic Valdese Commercial Building

      Two-story brick building with parking in historic Valdese, NC.
      259 Main St W, Valdese, NC 28690
      View Details
    • $699,000
      3,303 SF

      High-Traffic Morganton Commercial Property

      Versatile 3,303 SF Business Opportunity, 2.33 Acres
      1366 Us 70, Morganton, NC 28655
      View Details

    Nearby Similar for Sale

    • $550,000
      0.24 Acres

      Historic Valdese Commercial Building

      Two-story brick building with parking in historic Valdese, NC.
      259 Main St W, Valdese, NC 28690
      View Details
    • $139,000
      0.72 Acres

      Waterfront Lot with Mountain Views

      Dockable waterfront lot in gated community with city utilities.
      2620 Waterside Blvd NW, Valdese, NC 28690
      View Details
    • $895,000
      34,500 SF

      Valdese Warehouse: 34,500 SF

      Spacious industrial warehouse, recently renovated.
      409 Morgan St, Valdese, NC 28690
      View Details

    FAQs

    What type of property is this?
    Distribution property - 11,708 SF Warehouse on 1.89 Acres
    Where is this distribution property located?
    The property is located at 1260 Margaret St Valdese, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 11,708 square foot industrial warehouse on 1.89 acres.; Located at 1260 Margaret Street NW, Valdese, NC 28690.
    Request Owner's contact information
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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.

    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
    1260 Margaret St Valdese, NC 28690
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