Four-Bay Automotive
For Sale
$225,000
1704 W 5th Street, Lumberton, NC 28358
Office, storage, and garage/shop components support an established automotive sales and service configuration.
Property Size672 SF
Price / SF$334.82
Days on Market1187
Property Features for 1704 W 5th Street
General Information
Standard status
Active
Size
672 SF
Property subtype
Commercial
Zoning
C-70
Additional Details
Service Bays
4
Building Details
Building Size
672 SF
Year Built
1994
Buildings
3
Listing Agency:
Century 21 The Real Estate Ctr
(910) 827-0891
Listed By:
Mike K Ivey · License #187952
(910) 827-0891
Source:
Frankerealproperties
Added: Jun 1, 2023
Changed: Aug 27
Last Checked: Aug 28 at 11:30AM
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 The Real Estate Ctr
Investment Insights
Based on property information with market context.
This automotive property combines an office building, a separate storage building, and a four-bay garage/shop building. The shop includes a lift and is currently operated as an auto sales business, providing an existing automotive-oriented layout for continued use.
The building is heated and cooled by a window unit. Constructed in 1994, the property includes distinct office, storage, and shop areas within one commercial offering.
The building is heated and cooled by a window unit. Constructed in 1994, the property includes distinct office, storage, and shop areas within one commercial offering.
Key Highlights
- Four‑bay garage/shop building with lift
- Includes separate office and storage buildings
- Currently used as an auto sales business
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
$10,522
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
4.68%
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%
$210,440
$210.4K
Cap Rate 7%
$150,314
$150.3K
Cap Rate 9%
$116,911
$116.9K
Market Conditions
NOI Build-Up for 672 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
$16.1K $24.00/SF
− Vacancy
−$1.1K −$1.63/SF
EGI
$15.0K $22.37/SF
− OpEx
−$4.5K −$6.71/SF
NOI
$10.5K $15.66/SF
Area
Robeson County, NC
Vacancy
6.80%
Lease Rate
$24.00 /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%
$210,440
Cap Rate 7%
$150,314
Cap Rate 9%
$116,911
Alternative Uses
Best Use
Industrial
$150.3K
$131.5K – $175.4K
NOI $10,522 @ 7.0% cap · market cap 4.68%
Second Best
Retail
$115.9K
$101.4K – $135.2K
NOI $8,112 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$185.2K
$162.1K – $216.1K
NOI $12,967 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 48%
Home Improvements & Furnishings 2%
Burger King
Dining
14,244 visits/mo
0.3 miles
Dollar General
Shops & Services
7,379 visits/mo
0.3 miles
Mobil
Shops & Services
3,556 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,502 visits/mo
0.4 miles
Southern States
Home Improvements & Furnishings
690 visits/mo
0.5 miles
Demographics for 28358, NC
32,865
Population
14,838
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
82%
High-School Grad
196.6 sq mi
ZIP Area
167
Density / Sq Mi
$46,756
Median Household Income
$34,031
Median Earnings
$837
Median Rent
$106,200
Median Home Value
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
- RF13 LLC Auto mechanic shop — 1900 E 5th St, Lumberton, NC 28358
- South Creek Auto Sales — 1919 E 5th St, Lumberton, NC 28358
- Pee Wee's Auto Parts & Services — 120 Fairsite St, Lumberton, NC 28358
- Carolina AutoGlass Repair — 506 Middle St, Lumberton, NC 28358
- Taylor Racing Engines — Lumberton, NC 28358
Frequently Asked Questions
What type of property is this?
Auto shop - Office, storage, and garage/shop components support an established automotive sales and service configuration.
Where is this auto shop located?
The property is located at 1704 W 5th Street Lumberton, NC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑bay garage/shop building with lift; Includes separate office and storage buildings; Currently used as an auto sales business
