Property profile

212 Nuway Packing Dr Forest City, NC 28043

OFF-MARKET
Warehouses
25,000 SF 31.7 ac lot
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Property summary

AI-generated overview

This exceptional 180,000-square-foot industrial facility in Forest City, NC, is ideally suited for food processing, cold storage, and warehousing. Located at 212 Nuway Packing Drive, this property sits on 31.7 acres and offers flexible space options, subdividable down to 25,000 square feet. The building boasts 87,976 square feet of cooler space and 17,500 square feet of freezer space, supported by robust ammonia-based cold systems and food-grade infrastructure, including floor drains and a spiral freezer. Nine dock doors with levelers and a drive-in door ensure efficient loading and unloading, while ample parking accommodates over 500 vehicles. The property features a 20' to 30' ceiling height, two 4,000-amp power services, and a wet sprinkler system. Its strategic location provides convenient access to major roadways including Route 74, Route 221, Route 64, and I-26, making it a prime location for regional distribution and logistics. The property was renovated in 2016. Asking price is $8,000,000.

Property profile

Verified
Property type Warehouses
Total area 25,000 SF
Lot 31.7 ac (1,380,852 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

212 Nuway Packing Dr Forest City, NC 28043
Forest City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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