Property profile

1121 Corporation Dr Archdale, NC 27263

OFF-MARKET
Warehouses
Property ID
US53-2784351
246,972 SF 19.83 ac lot Built 1972
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 252,081-square-foot industrial flex building sits on a spacious 19.83-acre lot in Archdale, North Carolina. Built in 1972, the property boasts 24 loading docks and 4 drive-ins, complemented by a substantial uncovered loading area and a comprehensive dust collection system. The building's design is optimized for high-volume operations, and its internal layout allows for potential subdivision to accommodate multiple tenants, thanks to fire-rated separations between sections. Certain existing equipment, including spray booths, may be included in the sale. A comprehensive environmental due diligence report is available upon request. Strategically located, the property offers convenient access to US Highway 29 and is just nine minutes from Interstate 85. The property is zoned HI R-15 and features a fully sprinklered system. The asking price is $8,400,000, translating to $33.32 per square foot. The property is currently vacant. The property's APN is 7708393180.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1972
Total area 246,972 SF
Lot 19.83 ac (863,795 SF)
Zoning code HI
APN 7708393180
UPID US53-2784351

Cap rate & NOI

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

Location

1121 Corporation Dr Archdale, NC 27263-1648
Archdale metro Census 31601 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$8.2M
2 recorded transactions
2024
$8.2M
2018
$2.9M

Zoning & alternative use

HI · Archdale, 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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