Property profile

131 Business Park Dr Indian Trail, NC 28079

OFF-MARKET
Warehouses
Property ID
US53-0952056
20,700 SF 0.92 ac lot Built 1994
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 24,000-square-foot industrial flex warehouse in Indian Trail, North Carolina, presents a compelling owner-user opportunity. Located at 131 Business Park Dr, 28079, this single-tenant property boasts a 100% occupancy rate with a lease expiring September 30, 2026, offering approximately 1.9 years of remaining lease term. The building, constructed in 1994 and renovated in 2001, features an all-brick exterior and is offered below replacement cost. The functional space is divided into 27% office and 73% warehouse, with a desirable 16.5-foot ceiling height. Four loading docks facilitate efficient operations. The property sits on a 1.84-acre lot and includes 27 parking spaces. The asking price is $2,825,000, representing a compelling $117.71 per square foot and a 5.25% capitalization rate based on a Net Operating Income (NOI) of $148,399. The property is zoned GBD and benefits from its proximity to I-485 and Highway 74 Bypass, providing excellent access to major transportation arteries. Union County's low vacancy rate of 1.2% and significant rent growth (over 37% in the previous three years) underscore the strong market fundamentals. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a thriving location.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1994
Total area 20,700 SF
Lot 0.92 ac (39,988 SF)
Zoning code GBD INDIAN TRAIL
APN 07-084-410
UPID US53-0952056

Cap rate & NOI

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

Location

131 Business Park Dr Indian Trail, NC 28079-9432
Indian Trail metro Census 20312 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.18M
Blend (final) Blend
$455k

Owner & transaction history

since 2024
6 recorded transactions
2024
$2.8M
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GBD INDIAN TRAIL · Indian Trail, 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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