3-Bay Automotive Service
1628 Nc Highway 22 S, Ramseur, NC 27316
For Sale
Contact for pricing
A ready-to-operate garage setup with multiple service bays and built-in lifting and alignment equipment for automotive work.
Property Size1,364 SF
Days on Market305
Property Features for 1628 Nc Highway 22 S
General Information
Standard status
Size
Property subtype
Additional Details
Drive-In Doors
Service Bays
Listing Agency:
Howard Hanna Allen Tate-Asheboro
Listed By:
Kelly Cassell · License #190285
(336) 953-0909
Source:
Searchhomesinthetriad
Added: Jan 7
Changed: Nov 1
Last Checked: Nov 6 at 8:52AM
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 Howard Hanna Allen Tate-Asheboro
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Investment Insights
Based on property information with market context.
This property is a 3-bay automotive service garage designed for active vehicle repair and maintenance. It includes three roll-up doors for convenient vehicle access, along with equipment commonly used in service operations: a front-end alignment machine, a 2-post lift, a transmission jack, and an overhead hoist balancer.
The facility is located at 1628 NC Highway 22 S in Ramseur, North Carolina. With direct roll-up door access from the front of the garage bays, the layout is straightforward for technicians and customer workflow associated with automotive service.
The existing equipment and functional bay configuration make this an efficient fit for an operator seeking to perform oil changes, repairs, and specialty automotive work from an in-place workspace. It is also suited for experienced mechanics or established automotive businesses looking for a garage that already supports lifting, alignment, and common service tasks without the need to start from scratch on core tools.
The facility is located at 1628 NC Highway 22 S in Ramseur, North Carolina. With direct roll-up door access from the front of the garage bays, the layout is straightforward for technicians and customer workflow associated with automotive service.
The existing equipment and functional bay configuration make this an efficient fit for an operator seeking to perform oil changes, repairs, and specialty automotive work from an in-place workspace. It is also suited for experienced mechanics or established automotive businesses looking for a garage that already supports lifting, alignment, and common service tasks without the need to start from scratch on core tools.
Key Highlights
- 3‑bay garage available for rent for automotive operations
- Includes 3 roll‑up doors
- Front‑end alignment machine included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,433
Suggested Prices Based on Cap Rates
Cap Rate 5%
$108,660
$108.7K
Cap Rate 7%
$77,614
$77.6K
Cap Rate 9%
$60,367
$60.4K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$8.3K $6.06/SF
− Vacancy
−$504 −$0.37/SF
EGI
$7.8K $5.69/SF
− OpEx
−$2.3K −$1.71/SF
NOI
$5.4K $3.98/SF
Area
Randolph County, NC
Vacancy
6.10%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$108,660
Cap Rate 7%
$77,614
Cap Rate 9%
$60,367
Alternative Uses
Best Use
Retail
$251.9K
$220.4K – $293.9K
NOI $17,632 @ 7.0% cap · market cap 1,763,200.00%
Second Best
Industrial
$77.6K
$67.9K – $90.6K
NOI $5,433 @ 7.0% cap · market cap 543,300.00%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,844 @ 7.0% cap · market cap 3,284,400.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
3
Service bays
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 27316, NC
6,664
Population
3,101
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
67.7 sq mi
ZIP Area
98
Density / Sq Mi
$52,699
Median Household Income
$36,535
Median Earnings
$830
Median Rent
$141,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Aces Automotive Services LLC — 1406 NC-22, Ramseur, NC 27316
- York's Auto Services — 925 Coleridge Rd, Ramseur, NC 27316
- Brown's Auto Repair — 407 Coleridge Rd, Ramseur, NC 27316
Frequently Asked Questions
What type of property is this?
Auto shop - A ready-to-operate garage setup with multiple service bays and built-in lifting and alignment equipment for automotive work.
Where is this auto shop located?
The property is located at 1628 Nc Highway 22 S Ramseur, NC.
What are key features of this property?
This property features: 3‑bay garage available for rent for automotive operations; Includes 3 roll‑up doors; Front‑end alignment machine included
