Four-Bay Automotive
For Sale
$225,000
1704 W 5th Street, Lumberton, NC 28358
Commercial Sale, Lumberton, NC
Property Size672 SF
Lot Size0.72 Acres
Price / SF$334.82
Days on Market1223
Property Features for 1704 W 5th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-70
Subdivision
Not In Subdivision
Directions
Pine Street, take right on 5th Street. Past Kentucky Fried Chicken go 1 mile. Property on right (Integrity Auto Sales) across from Marathon Convenient Store.
Standard status
Active
APN
322501020
Size
672 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LTS MCLEAN INVEST CO SD
Legal Description
LTS MCLEAN INVEST CO SD
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
Lift
Window Unit
Building Details
Year built
1994
Flooring type
Vinyl
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Century 21 The Real Estate Ctr
(910) 738-8151
Listed By:
Mike K Ivey · License #187952
(910) 827-0891
Added: Jun 1, 2023
Changed: Aug 20
Last Checked: Oct 5 at 11:06AM
MLS# 100387618
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 equipped with a lift. The 672-square-foot property is currently used for an auto sales business and includes heating and cooling through window units. Vinyl siding, wood-frame construction, vinyl flooring, and a shingle roof are among the existing improvements.
Set on 0.72 acres in Lumberton, the property carries C-70 zoning and receives water service from the public system. The improvements were built in 1994, providing a compact commercial setup with office, storage, and automotive service areas in one location.
Set on 0.72 acres in Lumberton, the property carries C-70 zoning and receives water service from the public system. The improvements were built in 1994, providing a compact commercial setup with office, storage, and automotive service areas in one location.
Key Highlights
- Four‑bay garage/shop building with lift
- Office building and separate storage building included
- 672 square feet of property improvements on 0.72 acres
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
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Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
6,499 visits/mo
0.1 miles
Black's Tire & Auto Services
Shops & Services
1,813 visits/mo
0.3 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
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Frequently Asked Questions
What type of property is this?
Automotive property - Office, storage, and service components support an existing automotive sales operation.
Where is this automotive property 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; Office building and separate storage building included; 672 square feet of property improvements on 0.72 acres
