Property profile

980 Upward Rd Flat Rock, NC 28731

OFF-MARKET
Industrial properties
Property ID
US53-0996667
28,840 SF 6.26 ac lot Built 2004
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional multi-tenant industrial facility in Henderson County offers 29,865 square feet of space, with 11,096 square feet currently vacant. The property features five suites, with a minimum divisible space of 500 square feet and a maximum contiguous space of 5,000 square feet currently available. The warehouse boasts high ceilings ranging from 20 to 24 feet, and includes six drive-in doors for convenient access. The existing tenants include well-known food distributors. An adjoining office space is available, offering approximately 5,000 square feet of unconditioned warehouse area, accessible via common corridors. This area is not currently demised. A significant advantage is the availability of dedicated cold storage space and a USDA-certified food preparation area, leasable long-term or on a contract basis. Facility management provides scalable cold storage (refrigerated and freezer) options by the pallet on a monthly basis. The warehouse features existing racking. The on-site office space includes a reception area, break/conference room, private offices, and multi-occupant restrooms. The property enjoys convenient access to I-26, making it an ideal location for businesses needing efficient transportation links. Additional dry storage and unconditioned office space are also available.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2004
Total area 28,840 SF
Lot 6.26 ac (272,686 SF)
Zoning code 9973830~CC
APN 9587896775
UPID US53-0996667

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
  • Butcher Big Box & Wholesale Store
  • Take-out & Catering
  • Big Box & Wholesale Store
  • Storage Facility Warehouse & Storage

Location

980 Upward Rd Flat Rock, NC 28731-6767
Flat Rock metro Census 930201 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.74M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.45M

Owner & transaction history

since 2022
Last sale
$1.9M
2 recorded transactions
2022
$1.9M
2005
Price N/A

Zoning & alternative use

9973830~CC · Flat Rock, 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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