Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Automotive Shop on Berkeley Boulevard Title is generated by Realmo AI

    512 N Berkeley Boulevard, Goldsboro, NC 27534

    View on Map
    Claim this Listing
    For Sale
    $700,000

    Automotive shop with 5 bays on Berkeley Boulevard.

    Type:Commercial/Industrial
    Property size:
    2,952 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $237/SF
    Added:
    Jul 11, 2023
    Days on Market:
    1078
    Last Refresh:
    May 19 at 8:34 pm

    Property Features for 512 N Berkeley Boulevard

    General Information

    Standard status
    Active
    Size
    2,952 SF
    Lot size
    0.38 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Robert Phillips
    Robert Phillips

    Listing agent Robert Phillips License #310043

    Listing office The Firm NC

    Listing date Jul 11, 2023

    Source Exitrealty

    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 The Firm NC

    HighLights

    • Automotive shop featuring 5 bays
    • Convenient location on Berkeley Boulevard
    • Downstairs: 2 offices, reception area, 2 bathrooms
    • Upstairs: 5 offices and a full bathroom
    • Built in 1980
    • Suitable for various business options

    Overview

    This property, currently operating as an automotive shop, is situated on Berkeley Boulevard. It features five bays. The downstairs area includes two offices, a reception area, and two bathrooms. The upstairs space contains five offices and a full bathroom. The property's location may make it suitable for various other business options.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $53.1k $18.00
    − Vacancy −$1.4k −$0.47
    EGI $51.8k $17.53
    − OpEx −$15.5k −$5.26
    NOI $36.2k $12.27
    2,952 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $517.5K
    $452.9K – $603.8K (±1% cap)
    NOI $36,228 @ 7.0% cap · market cap 5.18%
    Second Best
    Industrial
    $188.2K
    $164.7K – $219.6K (±1% cap)
    NOI $13,173 @ 7.0% cap · market cap 1.88%
    Theoretical Best
    Specialty Retail
    $2.37M
    $2.08M – $2.77M (±1% cap)
    NOI $166,132 @ 7.0% cap · market cap 23.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Charlie's Automotive Muffler Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    • Ash Street Services Center — 3503 E Ash St, Goldsboro, NC 27534
    • Team Chevrolet of Goldsboro, LLC — 3300 US-70, Goldsboro, NC 27534
    • Mitchell's Upholstery — 201 S Berkeley Blvd A, Goldsboro, NC 27534
    • Chevrolet Service — 3300 US-70, Goldsboro, NC 27534
    • Team Chevrolet of goldsboro — 3300 us-70, goldsboro, nc 27534

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.9439
    Latitude
    35.3747

    Nearby Similar for Sale

    • $199,000
      572 SF

      Walk-Up Restaurant with Equipment

      Fully equipped walk-up restaurant with industrial kitchen, walk-in freezer, and corner parking lot included.
      415 S John Street, Goldsboro, NC 27530
      View Details
    • $159,900
      1,400 SF

      Goldsboro Commercial Property For Sale

      Versatile commercial property in downtown Goldsboro suitable for various business uses.
      121 N James Street, Goldsboro, NC 27530
      View Details
    • $244,900
      1,736 SF

      Renovated Duplex Investment

      Two well-kept units with dedicated driveways offer a straightforward residential income opportunity in town.
      707 S Randolph Street, Goldsboro, NC 27530
      View Details
    • $168,500
      1,491 SF

      Goldsboro Commercial Property For Sale

      Commercial property near downtown Goldsboro with recent updates and ample parking.
      401 N James Street, Goldsboro, NC 27530
      View Details
    • $550,000
      3,461 SF

      Goldsboro Mixed-Use Commercial Property

      Turnkey restaurant, apartment, and flex space for sale.
      246 N Carolina 581, Goldsboro, NC 27530
      View Details
    • $990,000
      6,537 SF

      Goldsboro Retail Building For Sale

      Retail building on a 1.18-acre lot in Goldsboro, NC.
      1406 W Gramtham Street, Goldsboro, NC 27530
      View Details
    • $893,000
      4,650 SF

      Established Medical Offices For Sale

      2902 Central Heights Rd, Goldsboro, NC 27534
      View Details
    • $425,000
      2,370 SF

      Goldsboro Retail Plaza For Sale

      Two-tenant plaza with hair salon and redevelopment potential in Goldsboro.
      698 E New Hope Road, Goldsboro, NC 27534
      View Details
    • Sponsored
      $79,000
      1,107 SF

      414 South John Street, Goldsboro, NC 27530

      414 South John St, Goldsboro, NC 27530
      View Details
    • $825,000
      4,200 SF

      Medical Office Near UNC Health

      Former psychiatrist office for sale near UNC Health Wayne.
      2805 Mclamb Place, Goldsboro, NC 27534
      View Details
    • $975,000
      5,264 SF

      Commercial Office Building on Corner

      Classic brick building with 22 office spaces and parking.
      706 N Berkeley Boulevard, Goldsboro, NC 27534
      View Details
    • $550,000
      3,461 SF

      Turnkey Restaurant with Apartment

      Restaurant space comes fully equipped plus a tenant-occupied three-bedroom apartment and separate flex storage area.
      246 N Carolina St, Goldsboro, NC
      View Details

    FAQs

    What type of property is this?
    Auto shop - Automotive shop with 5 bays on Berkeley Boulevard.
    Where is this auto shop located?
    The property is located at 512 N Berkeley Boulevard Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Automotive shop featuring 5 bays; Convenient location on Berkeley Boulevard; Downstairs: 2 offices, reception area, 2 bathrooms
    (919) 920-2609
    We can help!
    Listing Contact
    Robert Phillips
    Robert Phillips
    Real Estate License ID: 310043
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    512 N Berkeley Boulevard, Goldsboro, NC 27534
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!