Two-Bay Auto
For Sale
$499,000
1526 E Old Us Highway 64, Lexington, NC 27295
Brick commercial building with offices, bathroom, lifts, and tire service equipment on nearly five acres.
Property Size1,800 SF
Lot Size4.97 Acres
Price / SF$277.22
Days on Market58
Property Features for 1526 E Old Us Highway 64
General Information
Standard status
Active
Size
1,800 SF
Lot size
4.97 Acres
Additional Details
Business Included
Yes
Outdoor Storage
Yes
Service Bays
2
Amenities
offices
bathroom
Building Details
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Realty Consultants
(336) 217-9300
Listed By:
GiGi Moustafa
(336) 772-6047
Source:
Exprealty
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 24 at 8:03PM
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 RE/MAX Realty Consultants
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto shop property includes a 1,800-square-foot brick building completed in 1980. The facility contains office space and a bathroom, along with a two-bay garage equipped with vehicle lifts and a tire machine. The property encompasses 4.97 acres and is located at 1526 Old US Highway 64 in Lexington, North Carolina.
Key Highlights
- 4.97‑acre auto shop property
- 1,800‑square‑foot brick building
- Two‑bay garage with vehicle lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,045
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,900
$440.9K
Cap Rate 7%
$314,929
$314.9K
Cap Rate 9%
$244,944
$244.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$907 −$0.50/SF
EGI
$31.5K $17.50/SF
− OpEx
−$9.4K −$5.25/SF
NOI
$22.0K $12.25/SF
Area
Davidson County, NC
Vacancy
2.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,900
Cap Rate 7%
$314,929
Cap Rate 9%
$244,944
Alternative Uses
Best Use
Retail
$314.9K
$275.6K – $367.4K
NOI $22,045 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$149.2K
$130.6K – $174.1K
NOI $10,444 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$456.7K
$399.6K – $532.8K
NOI $31,968 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
5,167 visits/mo
0.5 miles
Demographics for 27295, NC
39,042
Population
16,775
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
127.6 sq mi
ZIP Area
306
Density / Sq Mi
$65,446
Median Household Income
$39,150
Median Earnings
$866
Median Rent
$191,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Jarrett's Automotive — 540 Pinecroft Blvd, Lexington, NC 27295
- Steve Garwood Motorsports — 510 National Blvd, Lexington, NC 27292
- S & R Import Auto Services — 408 National Blvd, Lexington, NC 27292
- Parkway Ford of Lexington Service Center — 98 US-64, Lexington, NC 27295
- Parkway Lincoln of Lexington Service — 98 us-64, lexington, nc 27295
Frequently Asked Questions
What type of property is this?
Auto shop - Brick commercial building with offices, bathroom, lifts, and tire service equipment on nearly five acres.
Where is this auto shop located?
The property is located at 1526 E Old Us Highway 64 Lexington, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4.97‑acre auto shop property; 1,800‑square‑foot brick building; Two‑bay garage with vehicle lifts
