This exceptional 9,000 square foot single-tenant industrial flex building, constructed in 2005, presents a rare opportunity in Rowan County. Situated in a high-traffic area with convenient I-85 access, this property benefits from its proximity to over 2,000,000 square feet of industrial development currently underway. The building features a desirable clear-span design, minimizing interior columns for maximum efficiency. Storage solutions are enhanced by multiple mezzanines, providing ample vertical space. Three 16' x 14' drive-in doors ensure easy loading and unloading of goods. The property includes a fenced yard, offering secure outdoor storage. The building is equipped with a 3-phase power system and a five-year-old HVAC system for optimal climate control. A recycled oil heater provides efficient and cost-effective heating. Minimal office space is included, maximizing the usable square footage for warehouse or flex operations. The property is zoned CB-3, offering flexibility for a variety of industrial uses. This is an ideal location for businesses seeking efficient, well-located industrial space with excellent access to major transportation routes.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,835,052
6.5%
$2,616,972
7%
$2,430,045
Comparable approach
Method
Valuation
Relative Method
$3,413,894
Geo Method
$3,413,894
Alternative Use
Use
Valuation
Residential
$2,207,514
Hospitality
$2,022,070
Educational
$1,682,339
Medical
$1,740,197
Retail
$2,616,972
Location Insight
City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.6086
Longitude
-80.5155
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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