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    1009-B Forsyth Ave Indian Trail, NC 28079
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    1009-B Forsyth Ave Indian Trail, NC 28079

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    • Warehouses
    • 4,498 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1009-B Forsyth Ave

    Property size
    4,498 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This ±4,498 square foot warehouse condo is located in the Old Hickory Business Park in Indian Trail, North Carolina, a prime location between Matthews and Monroe. Situated at 1009-B Forsyth Avenue, Unit B, 28079, this single-unit property offers convenient access to Highway 74, less than one mile away. The building is classified as Class B and zoned LI, making it suitable for a variety of industrial and office uses. The warehouse features a single loading dock with one dock-high door, providing efficient loading and unloading capabilities. The high ceiling height of 25 feet allows for ample storage and operational flexibility. A steel racking system is included, adding significant value and functionality. This owner-user investment opportunity presents a compelling combination of location, features, and functionality. The property is ideal for businesses seeking a well-maintained, conveniently located warehouse space with excellent access to major transportation routes. The single-unit tenancy simplifies management and ownership. This is a rare opportunity to acquire a functional and well-equipped warehouse in a desirable business park setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.654
    Latitude
    35.0903

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      2015 Van Buren Ave

      Flex space • 12,000 SF
      2015 Van Buren Ave, Indian Trail, NC 28079
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    • Value Estimation
      $2,625,000
      20,412 SF

      3016 Eaton Ave

      MINI-WAREHOUSE, STORAGE • 20,412 SF
      3016 Eaton Ave, Indian Trail, NC 28079-8869
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    • Value Estimation
      $620,000
      1,940 SF

      1000 Van Buren Ave E E Ste

      MINI-WAREHOUSE, STORAGE • 1,940 SF
      1000 Van Buren Ave E E Ste, Indian Trail, NC 28079-5619
      View Details
    • Value Estimation
      $830,000
      12,000 SF

      5909 Stockbridge Dr

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      5909 Stockbridge Dr, Indian Trail, NC 28079
      View Details
    • Value Estimation by Request
      2,500 SF

      1418 Babbage Ln Ste C

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      1418 Babbage Ln Ste C, Indian Trail, NC 28079-3462
      View Details
    • Value Estimation by Request
      2,500 SF

      1418 Babbage Ln Ste B

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      1418 Babbage Ln Ste B, Indian Trail, NC 28079-3462
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Property with Truck Court

      9,143 SF industrial building on 1.7 acres for sale.
      105 Corporate Blvd, Indian Trail, NC 28079
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      Highway 74 Retail Land

      Land near Lidl Grocery with high traffic and growth potential.
      Unionville Indian Trail Rd, Indian Trail, NC 28079
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    • $2,800,000

      Land Near Monroe Expressway

      Commercial land with utilities near the Monroe Expressway.
      6107 Bonterra Vlg Way, Indian Trail, NC 28079
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    • $499,800

      Land Available For Sale

      Mixed-use land available in Indian Trail, North Carolina.
      6504 Secrest Shortcut Rd, Indian Trail, NC 28079
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    • $530,000
      1.04 Acres

      Commercial Land Near Sun Valley

      Over an acre of commercial land near Sun Valley Commons.
      Old Monroe Rd, Indian Trail, NC 28079
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    • $1,200,000
      3.40 Acres

      Prime Commercial Land Opportunity

      3+ acre commercial land in high-growth Indian Trail, NC.
      Gribble Rd, Indian Trail, NC 28079
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    Similar Nearby for Lease

    • Contact for pricing

      Indian Trail Industrial/Flex Building

      16,000 SF industrial/flex building for lease in Indian Trail.
      1235 Technology Dr, Indian Trail, NC 28079
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    • Contact for pricing

      Warehouse/Flex Space in Indian Trail

      Warehouse/flex space available for lease in Union County, NC.
      2004 Van Buren Ave, Indian Trail, NC 28079
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    • $12 SF/Yr
      22,000 SF

      Warehouse with Carport and Paint Booth

      22,000 SF warehouse with carport and 9 drive-in doors.
      1508 Highway 218 W, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Former Pharmacy Retail/Office Opportunity

      10,125 SF former pharmacy on 1.756 acres for rent.
      4300 Old Monroe Rd, Indian Trail, NC 28079
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    • Contact for pricing
      3,664 SF

      Office Space for Lease

      Office suites available with customization options and ample parking.
      6040-6068 Highway 74 W, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      2,496 SF

      Fully Occupied Office Building

      Masonry construction office building with excellent visibility and high traffic.
      204 Gribble Rd, Indian Trail, NC 28079
      View Details
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    Indian Trail, NC 28079
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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
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