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951 Wendell Blvd 106,000 SF Industrial Building Wendell, NC 27591 $15,000,000 ($141.51/SF)
Investment Highlights
- Dynamic 106,000-SF industrial facility with ±32,000 SF in auxiliary buildings on 48 acres in the Raleigh MSA.
- Tilt-up concrete redevelopment potential with 24'–30’ ceilings on a flat site if the current structure is not suitable.
- Easy access to I-87, I-540, and Raleigh-Durham International Airport supports logistics and workforce reach.
- Rare heavy industrial zoning is ideal for developers seeking scarce entitlement and redevelopment opportunities.
- Varying ceiling heights from 12'–15’ (up to 17’ if drop ceiling is removed), functional shared amenities throughout.
- Owner-occupied 35,000 SF with a 3-year lease post-sale, plus rental income from a 12,784-SF tenant.
Executive Summary
Currently improved with a flexible industrial layout, the building offers two dock-high doors, 12 to 15-foot ceiling heights (with areas up to 17 feet if drop-down ceilings are removed), and well-maintained shared common areas, including outdoor gathering and break spaces. For those considering new construction, the expansive lot size and topography allow for potential tilt-up concrete redevelopment with 24- to 30-foot clear heights, providing modern functionality while maximizing site utility.
Strategically located near Interstate 87, with proximity to Interstate 540 and Raleigh-Durham International Airport, the property is positioned for smooth logistics, workforce accessibility, and regional reach.
The current owner occupies 35,000 square feet and will sign a 3-year lease upon sale, offering immediate income and operational continuity. An additional 12,784 square feet is leased, delivering cash flow from day one. Investors will appreciate the site's versatility, redevelopment upside, and long-term strategic value in a market with limited heavy industrial availability.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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
| Price | $15,000,000 | Rentable Building Area | 106,000 SF |
| Price Per SF | $141.51 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1978 |
| Property Type | Industrial | Parking Ratio | 4.36/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 48.44 AC | ||
| Zoning | MI - Industrial - Office, light industrial, light manufacturing, R&D, training center, call center, data center use, etc. | ||
| Price | $15,000,000 |
| Price Per SF | $141.51 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 48.44 AC |
| Rentable Building Area | 106,000 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 4.36/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | MI - Industrial - Office, light industrial, light manufacturing, R&D, training center, call center, data center use, etc. |
Amenities
- Conferencing Facility
- Security System
- Signage
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
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Jan 0000
Micro-Measurements began operations in 1962 as a specialist in precision strain measurement technology. The company provides sensors and instrumentation for stress analysis applications across multiple industries. Their product portfolio includes strain gages, data acquisition systems, and PhotoStress equipment used in structural testing and transducer manufacturing. The company serves sectors like aerospace, automotive, and medical device manufacturing where precise measurements are critical. Micro-Measurements maintains a global presence through its North Carolina headquarters and international offices.
- Regional Waterproofing and Crawlspace
- Professional, Scientific, and Technical Services
- -
-
$9.99
-
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Regional Waterproofing and Crawlspace | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Up to 66,000 square feet of conditioned manufacturing or R&D space is available. The landlord will add drive-ins, dock doors, a bathroom, and a separate entrance. The space can be divided into smaller sections. 5-7 acres are also available for land lease at $2,500/month/acre. The landlord is willing to section off the parking lot and land for laydown yard use; the tenant will pay for their own fencing. This is an affordable office space solution with plenty of parking, security, a common area, a dining area, outdoor common break areas, etc. The landlord will remain in 35,000 square feet of the building.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 20,000-58,216 SF | Industrial | Full Build-Out | 60 Days |
1st Floor
| Size |
| 20,000-58,216 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| 60 Days |
1st Floor
| Size | 20,000-58,216 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | 60 Days |
Up to 66,000 square feet of conditioned manufacturing or R&D space is available. The landlord will add drive-ins, dock doors, a bathroom, and a separate entrance. The space can be divided into smaller sections. 5-7 acres are also available for land lease at $2,500/month/acre. The landlord is willing to section off the parking lot and land for laydown yard use; the tenant will pay for their own fencing. This is an affordable office space solution with plenty of parking, security, a common area, a dining area, outdoor common break areas, etc. The landlord will remain in 35,000 square feet of the building.
Property Taxes
| Parcel Number | 1774.01-38-9363-000 | Total Assessment | $11,425,733 (2025) |
| Land Assessment | $1,283,517 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $10,142,216 (2025) | Tax Year | 2026 |
Property Taxes
Contact the Sale Advisor
951 Wendell Blvd