Body Shop with Paint
New
For Sale
$1,475,000
10310 Rozzelles Ferry Rd, Charlotte, NC 28214
Automotive service property with a paint booth, fenced storage, and business zoning.
Property Size3,000 SF
Price / SF$491.67
Days on Market3
Property Features for 10310 Rozzelles Ferry Rd
General Information
Standard status
Active
Size
3,000 SF
Building Details
Year Built
1982
Listing Agency:
Century 21 Murphy & Rudolph
Listed By:
Joel Murphy, Corinne Murphy
Source:
Lewisandkirk
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 22 at 5:50PM
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 Century 21 Murphy & Rudolph
Investment Insights
Based on property information with market context.
This automotive service property at 10310 Rozzelles Ferry Rd in Charlotte includes a 3,000-square-foot warehouse built in 1982. The site is currently used as a body shop and includes a paint booth along with fenced storage located behind the warehouse.
The property covers 1.46 acres across 2 parcels and carries B-2 and General Business zoning. An additional 0.81 acres behind the warehouse is also zoned General Business, providing further land within the property configuration.
The property covers 1.46 acres across 2 parcels and carries B-2 and General Business zoning. An additional 0.81 acres behind the warehouse is also zoned General Business, providing further land within the property configuration.
Key Highlights
- 3,000‑square‑foot warehouse built in 1982
- Currently used as a body shop
- Paint booth included on site
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
$50,229
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
3.41%
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%
$1,004,580
$1.0M
Cap Rate 7%
$717,557
$717.6K
Cap Rate 9%
$558,100
$558.1K
Market Conditions
NOI Build-Up for 3,000 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
$73.8K $24.60/SF
− Vacancy
−$2.0K −$0.68/SF
EGI
$71.8K $23.92/SF
− OpEx
−$21.5K −$7.18/SF
NOI
$50.2K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /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%
$1,004,580
Cap Rate 7%
$717,557
Cap Rate 9%
$558,100
Alternative Uses
Best Use
Retail
$717.6K
$627.9K – $837.2K
NOI $50,229 @ 7.0% cap · market cap 3.41%
Second Best
Warehouse
$531.3K
$464.9K – $619.9K
NOI $37,194 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$999.0K
$874.1K – $1.17M
NOI $69,930 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28214, NC
42,925
Population
15,896
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
90%
High-School Grad
33.9 sq mi
ZIP Area
1,266
Density / Sq Mi
$83,618
Median Household Income
$43,104
Median Earnings
$1,570
Median Rent
$258,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Charlotte, NC
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Similar Off Market Nearby
- Whitey's Body Shop — 10310 Rozzelles Ferry Rd, Charlotte, NC 28214
- jc fleet bodyshop — 10909 Rozzelles Ferry Rd, Charlotte, NC 28214
- Walmart Auto Care Centers — 9820 Callabridge Ct, Charlotte, NC 28216
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with a paint booth, fenced storage, and business zoning.
Where is this auto shop located?
The property is located at 10310 Rozzelles Ferry Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 3,000‑square‑foot warehouse built in 1982; Currently used as a body shop; Paint booth included on site
