Automotive Property with 4-Bay
For Sale
$225,000
1704 W 5th St, Lumberton, NC 28358
Includes office and storage buildings alongside a lift-equipped garage/shop structure.
Property Size672 SF
Price / SF$334.82
Days on Market392
Property Features for 1704 W 5th St
General Information
Standard status
Active
Size
672 SF
Property subtype
Commercial
Additional Details
Service Bays
4
Amenities
Heated and cooled with a Window Unit
Lift
Building Details
Year Built
1994
Buildings
3
Listing Agency:
Century 21 The Real Estate Ctr
Listed By:
Mike K Ivey · License #187952
(910) 827-0891
Source:
Coastalrealtyassociates
Added: Aug 19, 2025
Changed: Sep 11
Last Checked: Sep 14 at 12:52PM
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.
Located at 1704 W 5th St in Lumberton, this automotive property combines an office building, a storage building, and a separate 4-bay garage/shop building with a lift. The property is currently used as an auto sales business and was built in 1994.
The building is heated and cooled with a window unit, providing basic climate control for the existing operation. The combination of office, storage, and garage/shop improvements supports a range of automotive business functions within one property.
The building is heated and cooled with a window unit, providing basic climate control for the existing operation. The combination of office, storage, and garage/shop improvements supports a range of automotive business functions within one property.
Key Highlights
- 4‑bay garage/shop building with lift
- Includes a separate office building
- Includes a storage building
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
30k
Monthly Visits Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
- Penske Truck Rental — 750 S Roberts Ave, Lumberton, NC 28358
- U-Haul Neighborhood Dealer — 1107 E 2nd St, Lumberton, NC 28358
- U-Haul Neighborhood Dealer — 1209 E 5th St, Lumberton, NC 28358
Frequently Asked Questions
What type of property is this?
Automotive property - Includes office and storage buildings alongside a lift-equipped garage/shop structure.
Where is this automotive property located?
The property is located at 1704 W 5th St 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: 4‑bay garage/shop building with lift; Includes a separate office building; Includes a storage building
