Property profile

521 Milling Rd Mocksville, NC 27028

FOR LEASE
Manufacturing properties
Property ID
US53-2242993
171,794 SF 16.08 ac lot Built 1964
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Location

521 Milling Rd Mocksville, NC 27028
Mocksville metro Census 80500 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.39M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.02M

Owner & transaction history

since 2023
Last sale
$935,000
5 recorded transactions
2023
$935,000
2023
Price N/A
2021
$25,000
2021
Price N/A
2020
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message