Automotive Service Garage
1300 Goldsboro Wilson, NC 27893
1300 Goldsboro, Wilson, NC, 27893
$1,300,000
For Sale
$1,300,000
Service garage property with two offices on two combined lots, zoned NMX, with frontage on Goldsboro St.
Property Size10,720 SF
Lot Size0.97 Acres
Price / SF$121.27
Days on Market820
Property Features for 1300 Goldsboro
General Information
- Standard status
- Active
- Size
- 10,720 SF
- Lot size
- 0.97 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing agency
GREEN VALLEY REALTY
(252) 292-0615
Listed by
DENISE ALLAN · License #282384
Source
Corcoran
Added: Apr 24, 2024 Updated: Jul 22 at 5:00AM Checked: Jul 22 at 5:00AM
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 GREEN VALLEY REALTY
Investment Insights
Based on property information with market context.
This for-sale commercial property includes two lots totaling 0.97 acres and features a 10,720 sq ft service garage. The building offers two separate offices and is zoned NMX.
The site is described as an off-corner property with ample parking, excellent ingress and egress, and access from both sides. It fronts Goldsboro St and backs Belmont, providing frontage on one street and rear access along the other.
With its garage service layout and dedicated office spaces, the property is configured to support automotive and related operational use within the NMX zoning classification.
The site is described as an off-corner property with ample parking, excellent ingress and egress, and access from both sides. It fronts Goldsboro St and backs Belmont, providing frontage on one street and rear access along the other.
With its garage service layout and dedicated office spaces, the property is configured to support automotive and related operational use within the NMX zoning classification.
Key Highlights
- Commercial property in Wilson, NC built in 1983, listed at $1,300,000.
- Two combined lots totaling 0.97 acres (1300 A and B).
- Includes a 10,720 SF service garage.
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 | $173.7k | $16.20 |
| − Vacancy | −$14.8k | −$1.38 |
| EGI | $158.9k | $14.82 |
| − OpEx | −$47.7k | −$4.45 |
| NOI | $111.2k | $10.38 |
10,720 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $135,072 @ 7.0% cap · market cap 10.39%
Second Best
Retail
$1.59M
$1.39M – $1.85M
NOI $111,232 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,106 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Excellence Auto Body ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Henry's Muffler Shop — 1433-A Thorne Ave S, Wilson, NC 27893
- C. Little's Kustoms — 6701 Ward Blvd B, Wilson, NC 27893
- Exodo Auto Repair & Tires Llc — 1900 US-301, Wilson, NC 27893
- West Tinting Services — 1433-B Thorne Ave S, Wilson, NC 27893
- Down East Off Road — 1425 Thorne Ave S, Wilson, NC 27893
FAQs
What type of property is this?
Auto shop - Service garage property with two offices on two combined lots, zoned NMX, with frontage on Goldsboro St.
Where is this auto shop located?
The property is located at 1300 Goldsboro Wilson, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Commercial property in Wilson, NC built in 1983, listed at $1,300,000.; Two combined lots totaling 0.97 acres (1300 A and B).; Includes a 10,720 SF service garage.
