Caliber Collision Leased Investment
For Sale
Contact for pricing
101 Crowatan Rd, Castle Hayne, NC
100% leased to Caliber Collision with significant mark-to-market potential.
Property Size10,960 SF
Lot Size2.49 Acres
Price / SF$150.55
Days on Market372
Property Features for 101 Crowatan Rd
General Information
Standard status
Active
Size
10,960 SF
Lot size
2.49 Acres
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(574) 270-0361
Listed By:
Samuel Griffeth
(574) 270-0361
Source:
Moodyscre
Added: Aug 13, 2025
Changed: Aug 16
Last Checked: Aug 18 at 12:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
This property is 100% leased to Caliber Collision, a national corporate tenant. The tenant occupies 10,960 square feet on a 2.49-acre parcel. The lease structure is NNN, with the landlord responsible for the roof, structural components, HVAC, and parking lot. Roof repairs have been completed with an active warranty in place, and the parking lot has been recently resurfaced. The in-place rent is $9.56 per square foot, which is below current market rates. CoStar reports market rents between $15 and $20 per square foot.
Key Highlights
- 100% leased to Caliber Collision, a national corporate tenant
- Significant mark‑to‑market potential with in‑place rent well below current market rates
- NNN lease structure reduces management burden and operating risk
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,784
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,235,680
$2.2M
Cap Rate 7%
$1,596,914
$1.6M
Cap Rate 9%
$1,242,044
$1.2M
Market Conditions
NOI Build-Up for 10,960 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.0K $15.60/SF
− Vacancy
−$11.3K −$1.03/SF
EGI
$159.7K $14.57/SF
− OpEx
−$47.9K −$4.37/SF
NOI
$111.8K $10.20/SF
Area
New Hanover County, NC
Vacancy
6.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,235,680
Cap Rate 7%
$1,596,914
Cap Rate 9%
$1,242,044
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.61M
NOI $156,563 @ 7.0% cap · market cap 9.49%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,784 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $249,006 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
459
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Caliber Collision
Shops & Services
459 visits/mo
0.0 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rio’s automotive service — 10 Goff Dr, Castle Hayne, NC 28429
- Rios Automotive Services New & Used Tires — 4342 Castle Hayne Rd, Castle Hayne, NC 28429
- Red Iron Power — 114 Crowatan Rd, Castle Hayne, NC 28429
- Fred’s Body Shop — 109 C H I P Dr, Castle Hayne, NC 28429
- UltraColor Collision and Paint — 210 Crowatan Rd, Castle Hayne, NC 28429
Frequently Asked Questions
What type of property is this?
Auto shop - 100% leased to Caliber Collision with significant mark-to-market potential.
Where is this auto shop located?
The property is located at 101 Crowatan Rd Castle Hayne, NC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 100% leased to Caliber Collision, a national corporate tenant; Significant mark‑to‑market potential with in‑place rent well below current market rates; NNN lease structure reduces management burden and operating risk
