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    FOR LEASE
    Manufacturing properties

    521 Milling Rd, Mocksville, NC 27028

    171,794 SF 16.08 ac lot Built 1964
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-2242993
    Property summary
    AI-generated overview

    This exceptional industrial property at 521 Milling Road in Mocksville, North Carolina, offers ±109,397 square feet of immediately available warehouse space, part of a larger ±185,742 square foot building. The space is divisible to a minimum of ±50,520 square feet, accommodating a variety of business needs. The single-story building features 16-foot ceiling heights, providing ample vertical storage capacity. Loading and unloading are efficient with four dock-high doors and two drive-in doors. The property sits on 18 acres, offering extensive outdoor parking and storage possibilities. The building is fully sprinklered and boasts a new roof, ensuring safety and longevity. Power is provided by a 3,200-amp, 277-480-volt 3-phase system. Public water and sewer services are available. The owner is willing to modify, improve, or customize the property to meet tenant requirements, including adding additional docks or drive-ins, contingent upon acceptable lease terms. This prime location offers easy access to major transportation arteries, including Interstate 40 (less than 4 miles), Highway 64 (2 miles), and Highway 158 (less than 1 mile). The property is conveniently situated within an hour's drive of Charlotte and 30 minutes from Winston-Salem. Estimated NNN charges are approximately $0.59 per square foot. This is a rare opportunity to secure a substantial warehouse space in a strategic location with excellent access and potential for customization.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1964
    Total area 171,794 SF
    Lot 16.08 ac (700,445 SF)
    APN I50000003101
    UPID US53-2242993
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.39M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.24M
    Blend (final) Blend
    $1.10M
    Owner & transaction history
    Reed Street LLC · 3 yrs held
    Reed Street LLC
    since 2023
    Last sale
    $935,000
    5 recorded transactions
    2023
    $935,000
    2023
    2021
    $25,000
    2021
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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