Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1363/1365 N Garnett Street Henderson, NC 27536

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $209,000

    Commercial property with service garage on high-traffic street.

    Type:Land
    Property size:
    3,000 SF
    Added:
    Mar 12, 2026
    Days on Market:
    21
    Last Refresh:
    Mar 19 at 10:56 pm

    Property Features for 1363/1365 N Garnett Street

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Land

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    RUXTON BOBBITT JR

    Listing agent RUXTON BOBBITT JR License #NC

    Listing office Coldwell Banker Advantage Henderson

    Listing date Mar 12, 2026

    Source Crexi

    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 Coldwell Banker Advantage Henderson

    Overview

    Commercial Property on US 1/158

    This commercial property includes a building originally constructed in 1948, with subsequent remodeling and additions. The heated space within the building measures 800 square feet. The property also features a 2200-square-foot service garage. While the building is configured for two bathrooms, neither is currently functional. Situated in a high-traffic location on US 1/158 Business in North Henderson, this investment property offers significant potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.3953458
    Latitude
    36.3407732

    Nearby Similar for Sale

    • $750,000
      13,800 SF

      Redevelopment Opportunity in Henderson, NC

      Former hotel with redevelopment potential at a busy intersection.
      1010 S Garnett Street, Henderson, NC 27536
      View Details
    • $209,000
      3,000 SF

      Henderson Commercial Property For Sale

      Commercial building with service garage in high-traffic Henderson location.
      1363/1365 N Garnett Street, Henderson, NC 27536
      View Details
    • $650,000
      2,644 SF

      Kerr Lake Farmhouse with Acreage

      Charming farmhouse on 5.81 acres with Kerr Lake access.
      675 Anderson Creek Road, Henderson, NC 27537
      View Details
    • $150,000

      Commercial Land in Henderson, NC

      Commercial land with road frontage in Henderson, North Carolina.
      1722 Vicksboro Road, Henderson, NC 27536
      View Details
    • $38,000

      Versatile Lots in Growing Area

      Two adjoining lots totaling 0.43 acres with versatile zoning.
      210/212 N Shank Street, Henderson, NC 27536
      View Details
    • $399,000

      Kerr Lake Acreage with Access

      46 acres with lake access in gated community.
      001 Scott Lane, Henderson, NC 27537
      View Details
    • $584,000
      1,802 SF

      New Ranch Home with Dock Permit

      New construction home with open layout, modern kitchen, and dock permit.
      280 Stonewood Loop Lane, Henderson, NC 27537
      View Details
    • $179,900
      1,344 SF

      Income-Producing Duplex in Henderson, NC

      Well-maintained duplex with strong cap rate and upside potential.
      500 Zene Street unit: 500/502, Henderson, NC 27536
      View Details
    • $164,900
      1,456 SF

      Income-Producing Duplex in Henderson, NC

      Fully leased duplex with immediate cash flow and growth potential.
      228 Crozier Street unit: 228/230, Henderson, NC 27536
      View Details
    • $215,000
      1,365 SF

      Henderson Duplex with Recent Upgrades

      Duplex with new roof and updated interiors, great for investors.
      691-693 Boddie Street, Henderson, NC 27536
      View Details
    • $480,000
      488 SF

      Rental Homes Portfolio Opportunity

      Portfolio of seven single-family rental homes plus one vacant lot.
      650 Marshall Street, Henderson, NC 27536
      View Details
    • $480,000
      480 SF

      Henderson NC Rental Portfolio

      Seven single-family homes plus vacant lot in Henderson, NC.
      647 Marshall Street, Henderson, NC 27536
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with service garage on high-traffic street.
    Where is this commercial land located?
    The property is located at 1363/1365 N Garnett Street Henderson, NC.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: High traffic count location on US 1/158 Business, North Henderson.; Large 2200 sq ft service garage.; Investment property opportunity.
    We can help!
    Listing Contact
    RUXTON BOBBITT JR
    Real Estate License ID: NC
    Learn More
    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

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!