840 Complex St, Lenoir, NC 28645
This exceptional 492,000-square-foot industrial warehouse, located at 840 Complex Street Southwest in Lenoir, North Carolina (zip code 28645), presents a compelling value-add investment opportunity. The property, situated on 25.78 acres and zoned I-2 Heavy Industrial, boasts a single-story design built in 1970 and extensively renovated in 2021. The building features a new membrane roof (2022), energy-efficient LED lighting, and ESFR sprinkler coverage throughout. High ceilings (20 feet clear) and a column spacing of primarily 46' x 30' provide ample space for efficient operations. Loading is facilitated by 98 dock-high doors (98' x 9', with hydraulic levelers, seals, and lights), eight additional 10' x 10' dock-high doors, one 18' x 32' drive-in door, and four 12' x 16' drive-in doors. The building is conveniently divided by a firewall into approximately 308,160 and 179,760 square-foot sections. Currently vacant, the property is available for occupancy on December 31, 2024, offering significant potential for a wide range of industrial and distribution uses. The asking price is $27,060,000. This property represents a rare opportunity to acquire a substantial, well-maintained warehouse in a strategic location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.