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    478 Butler Road Forest City, NC 28043

    View on Map
    For Sale
    $249,900

    Commercial - Forest City, NC

    Lot size:
    0.40 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 478 Butler Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1647621
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric

    Building Details

    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Other, See Remarks
    Architectural style
    Other

    We can help!

    Listing Contact
    Stephanie Wilson

    Listing agent Stephanie Wilson

    Listing office EXP Realty LLC 220 North Main Street, Suite 542, Greenville, NC

    Listing date Mar 19, 2026

    MLS# 1585365 Listing URL

    Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Five-Bay Commercial Shop in Forest City

    This vacant five-bay commercial shop is located just off Highway 74 in Forest City, NC, on Butler Road. The property offers accessibility and is positioned near major national retailers and amenities, including Walmart, Tri-City Mall, restaurants, and local dealerships. Isothermal Community College is also minutes away, bringing additional daily traffic and visibility to the area. Previously used as an auto service and detailing shop, the building is equipped for automotive-related uses. Its layout makes it suitable for a variety of commercial applications, including automotive repair, detailing, paint and body work, equipment service, storage, or a small contractor operation. Property features include five service bays, custom shop lighting, a 10,000 lb two-post car/truck lift, and four roof-mounted exhaust fans designed for shop ventilation. The property is situated on a 0.4-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • BMB Supply Company — 450 Butler Rd, Forest City, NC 28043
    • Weast Transmission — 140 Flowe Rd, Forest City, NC 28043
    • Smith's Mechanic Shop — 580 Oak St, Forest City, NC 28043
    • Hightech Automotive LLC — 907 Piney Ridge Rd, Forest City, NC 28043
    • bulldog automotive service — 478 Butler Rd, Forest City, NC 28043

    Location Insight

    • Map
    • Local Demand
    City
    Forest City
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.8919157
    Latitude
    35.3293631

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    FAQs

    What type of property is this?
    Auto shop - Vacant commercial shop with five service bays near Highway 74.
    Where is this auto shop located?
    The property is located at 478 Butler Road Forest City, NC.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Prime commercial location just off Highway 74, near major retailers and amenities.; Five service bays and flexible layout suitable for various commercial applications.; Equipped with a **10,000 lb two‑post car/truck lift.**
    (864) 595-6001
    We can help!
    Listing Contact
    Stephanie Wilson
    Real Estate License ID: 98945
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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