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4909 Boone Trl 3,168 SF 100% Leased Flex Building Millers Creek, NC 28651 $1,200,000 ($378.79/SF) 5% Cap Rate
Investment Highlights
- Located in the foothills of the Blue Ridge Mountains with proximity to Boone, Winston-Salem, and Charlotte.
- Corner lot visibility with 365 feet of road frontage and a traffic signal directly in front.
- 3,168-square-foot dry basement with multiple access points, suitable for conversion to storage or workspace.
- Recently remodeled apartment (2,124 sq. ft.) and studio (320 sq. ft.) in 2024 plus updated office in 2015.
- Over 16,500 square feet of concrete parking and drive areas, plus city water and sewer connections.
- Zoning permits a wide variety of uses except heavy industrial, with expansion capacity for a 10,000 sq. ft.+ building footprint.
Executive Summary
Excellent location. Lots of potential for additional income. Very low crime area. Located in the foothills of the Blue Ridge Mountains a part of the Appalachian Highlands in the eastern United States.30 minutes to Boone, NC. 90 minutes to Charlotte, NC. 50 Minutes to Winston-Salem, NC. Zoning allows any use other than heavy industrial. 3 offices 2 bathrooms, apartment 2,124 sq. ft. just remodeled in 2024. Studio apartment 320 sq. ft. remodeled 2024. Office space 742 sq. ft. with sink and restroom remodeled 2015. Coner lot with 365' of road frontage with traffic light in front of the building. Over 16,500sq. ft. of concrete driveway and parking stamped sidewalks and boarders all in excellent condition.
City sewer and water.3 18'x20' carports 1 20'x25' carport with 3 sides. 3,168 sq. ft. of dry basement that could easily be converted to self storage has 3 rollup garage doors and 3 walk thru doors. Room for a building with 10,000 sq. ft. footprint with multiple stories( self storage, apartment building, retail, etc. )
City sewer and water.3 18'x20' carports 1 20'x25' carport with 3 sides. 3,168 sq. ft. of dry basement that could easily be converted to self storage has 3 rollup garage doors and 3 walk thru doors. Room for a building with 10,000 sq. ft. footprint with multiple stories( self storage, apartment building, retail, etc. )
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1507728 | Total Assessment | $521,700 |
| Land Assessment | $66,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $455,200 | Tax Year | 2025 Payable 5700 |
Property Taxes
Parcel Number
1507728
Land Assessment
$66,500
Improvements Assessment
$455,200
Total Assessment
$521,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 5700
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NEXCAR INC
4909 Boone Trl
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