Property profile

106 Railroad Ave Gibsonville, NC 27249

OFF-MARKET
Industrial properties
Property ID
US53-1519392
85,720 SF 6.34 ac lot Built 1904
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property offers a diverse range of warehouse spaces for lease, ideal for businesses of various sizes. The total building area encompasses 113,000 square feet, spread across multiple units, providing flexibility for tenants seeking anything from 5,000 square feet to a maximum contiguous space of 73,000 square feet. Currently, a significant 65,000 square feet is immediately available. The property sits on a generous 3.5 acres of land. The building is classified as Class B. The available space offers a mix of grade-level and second-floor units. Grade-level spaces feature concrete flooring, while second-floor units have wood flooring. This presents a unique opportunity for businesses requiring different floor types to suit their operational needs. Please note that an adjacent property, ranging from 45,000 to 65,000 square feet, is also available for lease separately. Detailed floor plans and space specifications are available upon request. This property is perfectly situated for businesses seeking efficient and adaptable warehouse solutions. Contact us to discuss your specific requirements and explore leasing options within this versatile industrial complex.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1904
Total area 85,720 SF
Lot 6.34 ac (276,170 SF)
Zoning code CP
APN 102532
UPID US53-1519392

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Food Market
  • Industrial Manufacturer Production Facility
  • Trade Show Venue (Bike/Boat/Book/etc) Store
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

106 Railroad Ave Gibsonville, NC 27249
Gibsonville metro Census 15201 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.99M

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
Price N/A
2021
$1.2M
2019
$275,000
2018
Price N/A
2015
Price N/A

Zoning & alternative use

CP · Gibsonville, NC

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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