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686 NC 98 Hwy E 26,275 SF 50% Leased Industrial Building Bunn, NC 27508 $1,600,000 ($60.89/SF) 7.83% Cap Rate
Investment Highlights
- In-Place Industrial Income - Approx. $143K gross annual income with existing industrial users in place.
- Existing Industrial Campus - 9 buildings totaling 26,275 SF with utilities, 3-phase power, and high-speed internet.
- 47.02± Acres with Expansion Potential - Excess land supports additional buildings, IOS yard expansion, or phased development.
- Rare I-2 Heavy Industrial Zoning - Allows IOS, manufacturing, outside storage, contractor yard, recycling, salvage, and flex industrial uses
- IOS / Laydown Yard Opportunity - Gated site ideal for industrial outdoor storage, equipment yard, truck parking, or contractor operations
Executive Summary
Offered at $1,600,000, this 47.02± acre industrial investment property combines in-place income, highly sought-after industrial zoning, and long-term expansion potential.
The property currently generates approximately $143,200 in gross annual income from existing industrial users, with an estimated NOI of approximately $125,000 annually based on known operating expenses.
The site includes nine industrial buildings totaling approximately 26,275 SF and is zoned I-2 Heavy Industrial within the Bunn ETJ, allowing for a wide range of light and heavy industrial uses, including IOS (Industrial Outdoor Storage), contractor yard, manufacturing, outside storage, recycling/salvage, equipment storage, and multi-tenant industrial or flex uses.
This is not speculative land. The property functions today as an active industrial campus with 3-phase power, high-speed internet, water, and phone infrastructure already in place. All buildings have water and power, and over $30,000 has been invested in bringing high-speed internet service to the site.
The current layout and excess land provide significant upside through additional leasing opportunities, IOS/laydown yard expansion, outdoor storage revenue, or future phased industrial development.
Very few properties in the region offer:
• Existing industrial income
• 47± contiguous industrial acres
• Rare I-2 heavy industrial zoning
• IOS capability
• Functional industrial buildings
• Expansion land with infrastructure already in place
Additional lease information, income details, and site tours are available upon request.
The property currently generates approximately $143,200 in gross annual income from existing industrial users, with an estimated NOI of approximately $125,000 annually based on known operating expenses.
The site includes nine industrial buildings totaling approximately 26,275 SF and is zoned I-2 Heavy Industrial within the Bunn ETJ, allowing for a wide range of light and heavy industrial uses, including IOS (Industrial Outdoor Storage), contractor yard, manufacturing, outside storage, recycling/salvage, equipment storage, and multi-tenant industrial or flex uses.
This is not speculative land. The property functions today as an active industrial campus with 3-phase power, high-speed internet, water, and phone infrastructure already in place. All buildings have water and power, and over $30,000 has been invested in bringing high-speed internet service to the site.
The current layout and excess land provide significant upside through additional leasing opportunities, IOS/laydown yard expansion, outdoor storage revenue, or future phased industrial development.
Very few properties in the region offer:
• Existing industrial income
• 47± contiguous industrial acres
• Rare I-2 heavy industrial zoning
• IOS capability
• Functional industrial buildings
• Expansion land with infrastructure already in place
Additional lease information, income details, and site tours are available upon request.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$143,200
|
$5.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,200
|
$5.45
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,200
|
$0.69
|
| Net Operating Income |
$125,000
|
$4.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $143,200 |
| Annual Per SF | $5.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $143,200 |
| Annual Per SF | $5.45 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $18,200 |
| Annual Per SF | $0.69 |
| Net Operating Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $4.76 |
Property Facts
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 000013 | Improvements Assessment | $419,000 |
| Land Assessment | $1,200,650 | Total Assessment | $1,619,650 |
Property Taxes
Parcel Number
000013
Land Assessment
$1,200,650
Improvements Assessment
$419,000
Total Assessment
$1,619,650
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686 NC 98 Hwy E
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