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    Property profile & analytics
    OFF-MARKET Estimated value $1,630,000
    Industrial properties

    980 Upward Rd, Flat Rock, NC 28731-6767

    28,840 SF 6.26 ac lot Built 2004
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-0996667
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Asheville Provison Boarhead Mt Butcher Big Box & Wholesale Store
    • Asheville Packing Co Take-out & Catering
    • Pinecrest Foods Big Box & Wholesale Store
    • Spearman Frozen & Dry Storage Storage Facility Warehouse & Storage
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.74M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.26M
    Blend (final) Blend
    $1.63M
    Owner & transaction history
    Ager Holding LLC · 4 yrs held
    Ager Holding LLC
    since 2022
    Last sale
    $1.9M
    2 recorded transactions
    2022
    $1.9M
    2005
    Zoning & alternative use
    9973830~CC · Flat Rock, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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